MOEX Announces Expansion of International Shares Offering

Moscow Exchange (MOEX) today announced the expansion of its global shares offering. Russia’s largest exchange group is planning to add shares of 80 well-known global companies including Nasdaq, Airbnb, and Gartner on 1 December 2021.

With that, the offering of the international shares of MOEX will cross 500. Due to a surge in demand for international shares offering, Moscow Exchange is planning to make more international securities available for trading in the future.

Last year, MOEX introduced trading in global securities. Since then, the exchange has expanded its global shares offering substantially. From 6 December 2021, trading on the Moscow Exchange’s Equity Market will run from 6:50 am to 11:50 pm Moscow time.

“MOEX plans to make more international securities available for trading in the future based on demand from banks, brokers, asset managers, and their clients. Moscow Exchange launched trading in international equities on 24 August 2020. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX’s robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends are set in the currency of the issuer, i.e., in USD for US securities,” the exchange mentioned.

Russian Financial Sector

Despite some challenges, Russia’s financial sector has attracted substantial investments in 2021. As a result, MOEX reported record trading volumes in global stocks. On 5 November 2021, trading volumes in international stocks on MOEX touched a record of RUB 7.6 billion. With the addition of new shares, MOEX aims to reach new global investors.

“All shares of international companies admitted to trading on Moscow Exchange are available to investors, including individuals, in roubles and in the currency of the primary listing, primarily US dollars. National Clearing Centre (NCC, part of Moscow Exchange Group) accepts securities of international companies as collateral for trades made on Moscow Exchange markets,” MOEX added in the press release.

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