Ever since the futures market was first established in Kazakhstan, it has remained somewhat under-developed. As a consequence of this, hedging operations have been limited.

There are many reasons why the Kazakh derivatives market is developing so slowly. Firstly, the legal framework for hedging is poorly developed (in fact, it is not regulated by Kazakh law at all). Secondly, this situation has resulted from the unstable economy in Kazakhstan, specifically within the financial system, as well as the unpredictability of market trends.

However, the development of hedging is important for Kazakhstan, as investors are certainly interested in the limitation of risks associated with their assets. The futures market will develop along with the real market. Therefore, the necessity for the application of hedging and the regulation of this institution by law will grow along with the development of the country's economy, provided that the legal framework for financial markets improves.