Moscow Exchange today announced a partnership with Shanghai Stock Exchange (SSE) and its wholly owned subsidiaries China Investment Information Services (CIIS) and SSE InfoNet whereby CIIS will act as the official distributor and licensor of Moscow Exchange (MOEX) market data in mainland China.
Under the agreement, SSE will be responsible for real-time distribution, along with marketing and sales of key MOEX market data products. These products include data about equities, bonds, currency, futures and options traded at Moscow Exchange’s markets and other trading floors that provide Moscow Exchange with its market data on a legal basis. The signing of the market data agreement is the first milestone in this partnership.
We believe this strategic co-operation will enrich our product portfolio.
KVB PRIME Gains Key UK Influence by Sponsoring Major Finance ConferenceGo to article >>
Igor Marich, Managing Director and Member of Executive Board at Moscow Exchange, said: “We are keen to strengthen our partnership with SSE through that market data dissemination agreement. Development of links with Chinese financial market as well as our business with market data are the strategic priorities for Moscow Exchange. For the last years we have made tremendous progress in building RMB-RUB market on MOEX and MOEX market data dissemination in China helps us with attracting Chinese investors to Moscow Exchange.”
The new cooperation corresponds to the ideas and initiatives of the ‘One Belt, One Road’ development strategy of China and will promote the common growth of the two exchanges and two markets.
As a result of the partnership, Chinese residents will have easy access to Russian market information and facilities to expand and strengthen Moscow Exchange’s business in China.
Ms. DuJuan Wan, Chairman of SSE InfoNet, added: “With CIIS providing technical support and acting as marketing and sales agency of MOEX market data in mainland China, SSE moves a further step towards internationalization. We believe this strategic co-operation will enrich our product portfolio. Local information vendors and investors can easily access international market data through our China Investment Information Platform in a very cost effective way.”