Russia’s largest exchange Moscow Exchange (MOEX) announced that it will be expanding its global shares offerings. The exchange says it will be adding shares of 80 popular global companies which will include shares of Gartner, Airbnb, and Nasdaq. The expansion is set to take off on December 1.
This means that the internationals shares offerings of MOEX have crossed 500. The offering is coming when the industry is experiencing a surge in the demand for international shares offerings in Russia. The exchange also said it will be making more international securities available for trading in the future.
MOEX Expands Trading Times
MOEX has been relatively active in the market as it tries to take advantage of the increased demand for international shares. The exchange introduced trading in global securities last year. Since then, it has expanded its offerings for global shares. Additionally, MOEX recently expanded its trading time for global shares on the exchange by three hours. From December 6, trading time will now run from 6:50 am to 11:50 pm Moscow time.
The exchange says it wants to ensure that international securities are available for trading in the future based on demand from asset managers, brokers, and banks. It started trading on international equities last year. MOEX provides securities trading in the main and after hours of trading sessions to provide space for more participation in the market.
However, traders are settled on the platform is RUB via the exchange’s robust infrastructure. This includes record-keeping and a qualified central counterparty with the central securities depository (NSD). Additionally, the participants receive dividends in the currency of the issuer. This means that traders are paid in USD for shares involving U-S-based companies.
MOEX Records Improved Trading Volume
MOEX has also experienced improved trading volumes in global stocks this year. This is coming amidst the increased financial investment recorded this year. MOEX announced a record high of RUB 7.6 million in its trading volume for global stocks on November 5. The exchange says it hopes to reach a new all-time high with the addition of new shares.
MOEX has also made all shares from international companies available to all interested investors in the currency of the primary listing and rubbles.