London Stock Exchange Group (LSEG) and the Government of Mongolia today announced they have signed an extension to their strategic partnership agreement between LSEG and the Mongolian Stock Exchange (MSE).The agreement, signed by Chultem Ulaan, Mongolia Finance Minister and Xavier Rolet, CEO, LSEG, will extend LSEG’s partnership with the MSE by a further three years and allow the two companies to build on the progress achieved to date.Use the for your chance to If you haven’t already done so, check out all the Social Channels you can see us on, we try to keep it light and lively so follow us around where ever you go!Share a photo of your latest creation with and you may be featured right here!The Mongol Rally is an Intercontinental car rally that begins in Europe and originally ended in Ulan Bator, Mongolia.To avoid punitive costs and taxes associated with vehicle imports and disposal, the rally now passes through Mongolia and ends in Ulan Ude, Russia.In 2012, The Mongolian Stock Exchange successfully migrated to the new Millennium IT trading, market surveillance and depositary platform, marking the culmination of a 14-month project to modernise the country’s capital markets infrastructure.In addition, LSEG has developed a wide-ranging education programme for market participants and worked with the Mongolian government to re-draft the country’s capital markets regulations and securities law.
The Ceremony is a symbol of our very close relationship with Mongolia and reflects our successful partnership with the Mongolian Stock Exchange.
The inaugural rally took place in 2004, in which 6 teams started and 4 completed the course.
The second rally, in 2005, was entered by 43 teams, and 18 automobiles arrived intact in Ulan Bator.
The 2006 Rally began on July 22 with 167 cars setting off. The Mongol Rally was run as a charity event from 2004 to 2006 with all of the proceeds from the entry fees used to organise the event with the remaining donated to charity.
This changed from 2007 as the event is now organised by the League of Adventurists International Ltd, a privately owned profit making UK company.