The Moscow Interbank Currency Exchange (MICEX) and Deutsche Brse have signed a cooperation agreement to provide a framework to internationalise the German and Russian financial markets with a view to attract additional investments in Russian companies.
Under the terms of the MoU the two parties will enter into detailed discussions and share expertise on a variety of fields. The partners will develop joint projects and share, for example, information on the stock and derivatives market, post trade services and indices.
“With the Memorandum of Understanding we formalize our long-standing relationship with the MICEX. The MoU will be an important step towards bringing European and Russian market participants closer together,” says Reto Francioni, the CEO of Deutsche Brse.
“The next phase of closer cooperation between Deutsche Brse and MICEX will foster the ties between the two exchanges which have been established over the past years,” adds Alexander Potemkin, the president of MICEX.