22.10.2013 16:00

NASDAQ OMX and Moscow Exchange launch partnership to promote the Russian Tech and Biotech community

  • Co-operation aims to promote growth and listings on both exchanges

MOSCOW and NEW YORK, October 21, 2013 - NASDAQ OMX (NDAQ) and Moscow Exchange (MOEX) today announced the signing of a co-operation agreement. Within this agreement both exchanges will work jointly in further developing the Russian technology and biotechnology community. The aim of the co-operation is to jointly facilitate access to capital for the fast growing Russian start-up community and to promote listings at both exchanges.

In 2009 Moscow Exchange and RUSNANO created a listing platform for young and promising non-commodity companies called the "Innovations and Investment Market of Moscow Exchange". RUSNANO was set up in 2007 with a mission to develop Russia's nanotechnology industry through co-investing in nanotechnology projects that offer substantial economic potential or social benefit.

"There are a lot of interesting technology companies emerging from Russia, in combination with a strong interest from global issuers and investors to become more involved with this community," said Bruce Aust, Executive Vice President and Head of Global Listings at NASDAQ OMX. "We have supported some of the new, leading and fast growing Russian technology companies in raising capital, like CTC Media, QIWI and Yandex, who we are proud to have listed with us. We truly look forward to being a part of the new Russian technology companies" development and support them with the best possible foundation to raise capital in Russia and globally."

Within the scope of the co-operation, the two exchanges will jointly organize conferences, workshops and presentations for innovative companies and international investors.

"Moscow Exchange is happy to partner with RUSNANO and NASDAQ OMX to identify future technology leaders and promote flotations on both exchanges. We see growing interest to invest into technology stocks from the Russian investment community. I hope this new co-operation agreement will help to create a roadmap for start-ups to raise capital to support their growth," said Alexander Afanasiev, CEO of Moscow Exchange.

"RUSNANO"s partnership with NASDAQ OMX is part of our efforts to strengthen the links between Russia"s startup entrepreneurs and the global VC community," said Head of Coordination council of Innovation and Investment Market of Moscow Exchange, Chairman of the Rusnano Executive Board  Anatoly Chubais. "We believe that NASDAQ OMX"s heritage and brand can give Russian tech companies greater reach and visibility to the global technology investor community."

Moscow Exchange

MEDIA ENQUIRIES

Nikita Bekasov

+7 495 363 3232

pr@micex.com

INVESTOR RELATIONS

Sergey Klinkov

+7 495 363 3232

ir@moex.com

 

RUSNANO

MEDIA ENQUIRIES

Sergey Filippov

+7 495 9885388#1933

Sergey.filippov@rusnano.com

NASDAQ OMX

MEDIA ENQUIRIES

Carl Norell

+46 8 405 6639

carl.norell@nasdaqomx.com

 

About Rusnano

RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.

Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.

About Moscow Exchange

Moscow Exchange Group manages the sole multifunctional exchange platform in Russia for shares, bonds, derivative instruments, currencies, money market instruments, and commodities. The Group includes the central depository (National Settlement Depository), and a clearing center (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to render the full spectrum of trading and post-trading services to its clients.

Moscow Exchange ranks among the world"s top 20 exchanges by total capitalization of securities traded, and also among the 10 largest exchange platforms by bonds and derivatives trading. Securities of 709 issuers are admitted to trading on the stock market of Moscow Exchange, including securities of the largest Russian companies by level of market capitalization.

Moscow Exchange was formed in December 2011 as a result of a merger between Russia"s two main exchange groups - MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia, and the RTS Group, at the time the operator of Russia"s leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes, which was reorganized into an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX).

About NASDAQ OMX

The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world"s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,300 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.

To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

For further information, please contact the Public Relations Department at (495) 363-3232.

Main news
29.10.13 National Clearing Centre's own funds top RUB 27 bln
28.10.13 Moscow Exchange launches clearing of OTC derivatives with Central Counterparty
24.10.13 National Clearing Centre becomes Russia's first qualified central counterparty
23.10.13 Results of auction for placement of the Russian Federation government bonds, issue No26214RMFS On October 23, 2013
23.10.13 Results of auction for placement of the Russian Federation government bonds, issue No26212RMFS On October 23, 2013
22.10.13 NASDAQ OMX and Moscow Exchange launch partnership to promote the Russian Tech and Biotech community
21.10.13 Moscow Exchange launches trading in precious metals
17.10.13 Russia's First Gold ETF Begins Trading On Moscow Exchange
16.10.13 Results of auction for placement of the Russian Federation government bonds, issue No25081RMFS On October 16, 2013
All news