Deutsche Brse and Moscow Exchange have signed a Letter of Intent (LoI) to co-operate on the exchange of information in order to facilitate the further development of the financial markets and to strengthen links between the financial centers Moscow and Frankfurt.
The two partners plan to cooperate on exchange infrastructure, product development, IT and rules and regulations regarding trading, clearing, settlement and custody, collateral management as well as market data and indices. In accordance with the LoI, the two exchanges will support each other in the further development of their markets in terms of volumes, liquidity and global reach of issuers, intermediaries and investors.
Already a couple of years ago Deutsche Brse started a close co-operation with Moscow Exchange. Both exchange groups are joined by a common understanding how to further develop equities and derivatives trading as well as clearing and settlement. The deepening of our relationship agreed today is a logic and welcomed step and is also part of our growth strategy, said Reto Francioni, CEO of Deutsche Brse.
“This agreement will give a further impetus to Moscow Exchange international development. Deutsche Brse is a trusted partner and we look forward to working together to apply best international practices and to exchange experience. The peer-to-peer partnership between Moscow Exchange and Deutsche Brse will deepen Russias integration into the global financial system, create favorable terms for foreign investors to access the Russian market, strengthen our economy and aid in the creation of an international financial center in Moscow”, said Alexander Afanasiev, CEO of Moscow Exchange.
(JDC)