Moscow Exchange to Start Trading on Foreign Securities in US Dollars
- The brand-new offering is set to be live on the MOEX starting September 27, 2021.
Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term (MOEX), the largest exchange group in Russia, has announced that it will start trading foreign securities in US dollars from September 27. According to Reuters, the news was confirmed by Boris Blokhin, the Head of MOEX’s stock market department.
As of press time, trading is only being offered in Russian rubles. However, in July, the exchange hinted at plans to expand its number of foreign securities by offering 1,000 at the end of 2022. The company’s target is to focus on US-listed companies and firms from Hong Kong, China and some countries in Europe. Still, there is no additional information on other expectations the company has for the rest of the year.
Recently, MOEX published its trading volumes on Thursday for August 2021. The metrics revealed that total trading volumes across the exchange’s markets rose by 5.9% to RUB 79.7 trillion for the period, which is an increase compared to the figure seen in the same period last year of RUB 75.3 trillion. The major drivers of this performance were the derivatives, money and bond markets, accounting for 18.9%, 17.5%, and 15.6%, respectively.
In addition, MOEX reported that the total trading volume on equity and bond markets for August grew by 9.8% to RUB 3,844.6 billion, which is an annual increase compared to August 2020, when the figure was RUB 3,500.3 billion.
Recent International Stocks Added
At the end of May, the Russian exchange group announced that it added 20 international stocks to trading, including shares from major US-listed companies. In this instance, MOEX included shares from Western Digital, Zoom, Virgin Galactic, among others, said the press release. With the inclusion of the new portfolio of international stock products, the Moscow Exchange reached a total of 144 within its offerings.
Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term (MOEX), the largest exchange group in Russia, has announced that it will start trading foreign securities in US dollars from September 27. According to Reuters, the news was confirmed by Boris Blokhin, the Head of MOEX’s stock market department.
As of press time, trading is only being offered in Russian rubles. However, in July, the exchange hinted at plans to expand its number of foreign securities by offering 1,000 at the end of 2022. The company’s target is to focus on US-listed companies and firms from Hong Kong, China and some countries in Europe. Still, there is no additional information on other expectations the company has for the rest of the year.
Recently, MOEX published its trading volumes on Thursday for August 2021. The metrics revealed that total trading volumes across the exchange’s markets rose by 5.9% to RUB 79.7 trillion for the period, which is an increase compared to the figure seen in the same period last year of RUB 75.3 trillion. The major drivers of this performance were the derivatives, money and bond markets, accounting for 18.9%, 17.5%, and 15.6%, respectively.
In addition, MOEX reported that the total trading volume on equity and bond markets for August grew by 9.8% to RUB 3,844.6 billion, which is an annual increase compared to August 2020, when the figure was RUB 3,500.3 billion.
Recent International Stocks Added
At the end of May, the Russian exchange group announced that it added 20 international stocks to trading, including shares from major US-listed companies. In this instance, MOEX included shares from Western Digital, Zoom, Virgin Galactic, among others, said the press release. With the inclusion of the new portfolio of international stock products, the Moscow Exchange reached a total of 144 within its offerings.