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On Wednesday, Deutsche Börse and the St. Petersburg Currency Exchange (SPCEX) signed a cooperation agreement in St. Petersburg. Under this agreement, the two partners will work together more closely on listing projects. This move is testament to the further expansion of Deutsche Börse’s activities in the North-West of Russia with the aim of bolstering existing business relations and exploiting new opportunities.
In the future, SPCEX will advise, inform and provide active pre-IPO support to companies from the region that have set their sights on a listing in Frankfurt. The partners intend to work together to advance the internationalization of German and Russian financial markets, thereby opening them both to international investors and companies alike.
Deutsche Börse has continued its active involvement in Russia and the CIS countries this year, organizing road shows and IPO conferences with the aim of promoting stock exchange listings for local companies. Deutsche Börse has established close relationships with a variety of key institutions in the Russian market over the past years. Last year alone, eight companies from Russia and the CIS countries were listed on the Frankfurt Stock Exchange for the first time. The company has had a representative office in Moscow since May 2007.
About SPCEX
CJSC Saint-Petersburg Currency Exchange (SPCEX) was founded in 1992 by leading banks of St.Petersburg and the Committee for City Property Management of St.Petersburg. SPCEX possesses the licenses enabling it to carry out professional activities for trading in all sectors of the Russian financial market.
Total trading turnover in foreign currencies and securities on SPCEX in 2007 made 11 090,836 billion rubles, having increased in comparison with 2006 by 2,25 times.
About Deutsche Börse
Deutsche Börse Group is one of the world’s leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading, through clearing, to settlement and securities custody. Furthermore, Deutsche Börse offers market data, indices and analyses and is a service provider for the development and operation of IT systems. Deutsche Börse Group includes Deutsche Börse AG, a DAX company and the world’s largest exchange organization, with a market capitalization of around 23 Billion Euros. Cash market activities and the market data business are run as business areas of Deutsche Börse AG. The key markets within the Group are the Frankfurt Stock Exchange, one of Europe’s largest stock exchanges, and Eurex, one of the largest derivatives exchanges in the world.
