After record trading activity in the Yuan-Ruble market in September, a leading financial institution from China has reported that it is co-operating with Russia’s main financial cash and derivatives  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. The Moscow Exchange (MOEX) and Bank of China have signed a cooperation agreement aimed at expanding collaboration between the Russian and Chinese financial markets.

The landmark collaboration follows on from increased volumes in the benchmark CNY RUB contract, coupled with recent news from the BRICS Summit which saw leaders of the five nations plan a new development bank. Bank of China President Chen Siqing and Moscow Exchange CEO Alexander Afanasiev signed the agreement during an official visit between the Chinese and Russian Prime Ministers.

"This bilateral agreement on strategic cooperation between Bank of China and Moscow Exchange will help to expand  Clearing  Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Read this Term and settlement transactions in our countries' national currencies. Bank of China and Moscow Exchange will implement the projects outlined in the agreement, as well as expand the existing CNY product line. Bank of China (Eluosi) in Russia, with support from the head office, will continue its cooperation with Moscow Exchange," said the CEO of Bank of China Zhao Lianjie.

The Chinese-Russian friendship took heed in 2010 when Bank of China became a market maker on the CNY RUB contract, since inception the contract has gradually increased its position as a leading hedging instrument on the exchange. Over 50 Chinese banks are registered in Russia to offer special-purpose accounts for Yuan transactions. The Chinese Renminbi has seen an overall increase in its global ranking according to the last BIS FX Survey issued in 2013.

MOEX reported that in September the total CNY/RUB trading volume increased 60% month-on-month to $1.06 billion, a record monthly figure. The average daily trading volume in September set a record at $53 million. The exchange also reported that one hundred and thirty members executed yuan trades in 2014.

"The cooperation agreement between Moscow Exchange and Bank of China will take our collaboration to a new level, helping to develop the Russian and Chinese capital markets. Together we plan to create new products, including derivatives instruments. Moscow Exchange and Bank of China will work together on programmes that will allow Russian and Chinese investors to use a wider array of financial instruments denominated in the Russian ruble and the Chinese yuan.

This will help us to meet demand from our clients, who are increasingly using these national currencies for international trade and on global financial markets. Growing CNY trading volumes on the Moscow Exchange are further evidence of this, " said Moscow Exchange CEO Alexander Afanasiev in a statement.

Bank of China’s President Chen Siqing, visit coincides with China’s Premier Li Keqiang visiting his BRICS counterpart, during his stay Mr Keqiang signed a new deal with Russia which will enhance the two countries cooperation on various areas which include energy and a currency swap which is valued at $25 billion. The move gives Moscow some comfort from the hurdles it faces from the ongoing pressure from the EU and US on the Ukraine conflict.