Moscow Exchange to Start Trading on Foreign Securities in US Dollars

Thursday, 09/09/2021 | 18:03 GMT by Felipe Erazo
  • The brand-new offering is set to be live on the MOEX starting September 27, 2021.
Moscow Exchange to Start Trading on Foreign Securities in US Dollars
FM

Moscow Exchange (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 MOEXโ€™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 companyโ€™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 exchangeโ€™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 (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 MOEXโ€™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 companyโ€™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 exchangeโ€™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.

About the Author: Felipe Erazo
Felipe Erazo
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Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.

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