MOEX Continues Expanding International Products, Adds 77 Foreign Stocks

Moscow Exchange (MOEX), the largest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operator in Russia, announced on Tuesday that it will further extend its offering with international investment products, adding 77 more foreign company stocks. The new stocks will be added on September 1.

The Russian exchange first gave access to foreign listed stocks in August 2020 and since then the number of such products is only increasing. With the latest addition, the stock exchange will offer a total of 281 foreign stocks.

American Stocks Are in Demand

The newly added companies include Alcoa Corp, Fox Corporation, the Hershey Company and others. They range from the pharmaceutical and manufacturing industry to insurance and software development firms. All these companies are originally listed on the stock exchanges in New York.

Earlier additions to this international offering included the most liquid shares of the S&P 500 Index like American Express, Citigroup and Wells Group.

“MOEX plans to make more international securities available for trading in future, based on demand from banks, brokers, asset managers and their clients,” the Russian exchange stated.

Russian investors can trade with these foreign stocks both in the market and after-hours trading sessions, and the settlement will be made in the Russian ruble. “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 will be set in the currency of the issuer, i.e., in USD for American securities,” the exchange added.

Meanwhile, the trading demand on the Russian exchange is surging with increased activities among retail traders. MOEX recently reported a double-digit yearly jump in quarterly activities in almost all markets, including equities and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term. However, its Q2 profits only gained by a marginal 2.1 percent.