Yesterday, the MICEX and Deutsche Börse AG have signed a memorandum of mutual understanding. The main goal of cooperation between the two exchanges is the development of the infrastructure of the Russian and the German? financial markets on the basis of advanced exchange technologies as well as the attraction of additional investments in national companies. The parties believe that this will contribute to the development and strengthening of economic cooperation between Russia and Germany.
The spheres of interaction between the MICEX and Deutsche Börse AG include the exchange of information, activities connected with dual IPOs, the attraction of foreign investors to trading in national stock assets, the dissemination of exchange information, index management, the development of the clearing system, the system of risk management and trading systems.
According to Reto Francioni, CEO of Deutsche Börse, “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.”
According to the MICEX President Alexander Potemkin, “the signing of the memorandum makes a significant contribution to the integration of Russia into the world financial community. It confirms that the MICEX meets the standards of the international capital market.”
At present, the MICEX takes an active part in the creation of the Russian financial market. The Exchange is developing the stock market by increasing the number of its participants and the number of traded instruments. It helps Russian companies to enter the public capital market. The MICEX continues to develop its derivatives market, build an up-to-date clearing system and modernize its technological base. The MICEX’s cooperation with one of the world’s leading exchanges enables it to use the extensive experience accumulated by the Deutsche Börse in these areas.
