The OJSC “Russian Trading System” Stock Exchange has launched a new project called RTS Global, a new, regulated OTC market for foreign securities in Russia. RTS Global enables Russian investors to access foreign securities in an easy and effective way.
The project provides quotations for overseas securities, execution of OTC trades of foreign securities via the RTS Electronic Document Circulation System and settlement of such trades in the Depository Clearing Company.
RTS Global operates on the RTS Board, a system of indicative quotations. RTS Global provides access to foreign securities for all RTS members and RTS Board clients. Foreign securities from overseas issuers that were issued for the domestic market as well as for the international markets can be admitted to RTS Global. Any company representing any industry without regard to its market capitalization, jurisdiction and geographical location can become an RTS Global issuer.
During the first stage securities from 40 issuers have been admitted to RTS Global, namely the most liquid global depositary receipts representing Russian stocks, depositary receipts issued by foreign companies whose assets (business) are concentrated in RF, stocks of foreign funds investing in CIS economies as well as stocks from Kazakhstan, Ukrainian, Turkmenistan, Canadian and other CIS and non-CIS issuers.
According to the leading Russian analysts building an organized OTC market for foreign investors in Russia is aimed at boosting the liquidity of the entire Russian stock market, providing new opportunities for Russian investors by means of a qualitative expansion of the portfolio with new financial instruments as well as facilitating easy access to new trading floors for the overseas issuers. RTS Global is an important move towards establishing a global financial center in Moscow.
«This project has been developed by RTS within the framework of creating a global financial center in Moscow, - says Roman Goryunov, RTS CEO, - This is a unique opportunity allowing Russian investors to easily and effectively access the foreign securities OTC market with the use of the Russian exchange infrastructure».
