The Russian Trading System stock exchange has launched a new over-the-counter market, RTS Global, to provide Russian investors with greater access to foreign securities.
RTS members and RTS Board clients will be able to execute trades via the exchange’s electronic document circulation system. Transactions will be settled by Russia’s Depository Clearing Company.
On launch, securities from 40 issuers will be listed, including the most liquid Russian global depositary receipts, depositary receipts issued by foreign companies with assets concentrated in the Russian Federation, stocks of foreign funds that invest in CIS economies and stocks from firms in based in Kazakhstan, Ukrainian, Turkmenistan and Canada.
RTS said the new service would
boost the liquidity of the Russian stock market and provide new opportunities for Russian investors to expand their portfolios. “This project has been developed within the framework of establishing Moscow as a global financial centre,” said Roman Goryunov, CEO, RTS. “It allows Russian investors to easily and effectively access foreign securities via of the Russian exchange infrastructure.”