The International Securities Exchange (ISE) and Moscow Exchange announced today that they have signed a Memorandum of Understanding (MOU), in which the two exchanges agreed to share information relating to various financial instruments traded through their respective facilities. This agreement expands on Moscow Exchange and Deutsche Börse Group’s strategic partnership as ISE becomes the first U.S. options exchange to sign such an agreement. Today, ISE began listing options on the Market Vectors® Russia ETF Trust (NYSEArca: RSX®), offering customers exposure to the most liquid direct investment in actively traded Russian equities.
“We are very pleased to be the first U.S. options exchange to sign an MOU with Moscow Exchange,” said Boris Ilyevsky, Managing Director of ISE. “The agreement will facilitate information sharing between ISE and Moscow Exchange to enhance market surveillance and strengthen the existing regulatory framework for options on RSX.”
Andrey Shemetov, Deputy CEO of Moscow Exchange, added, “Our new agreement with ISE represents our continued commitment to give investors broader exposure to the Russian economy through our unique derivative offerings. We look forward to working with ISE and to expanding on the relationship that we have developed with their parent company, Deutsche Börse Group.”
The Memorandum of Understanding grants ISE access to information for purposes of regulation and surveillance, which includes data on transactions, price and quotation size on Moscow Exchange.
Details for listing RSX on ISE Gemini will be announced at a later date.