Trade Locally

Since the creation of MOEX in 2012 the preferred choice for international investors is now to trade locally. Over 80% of trading in dual listed stocks takes place on the home market ie MOEX due to the better liquidity it offers and the lower cost of long-term ownership of shares. As well as that there are over 250 of stocks solely listed on MOEX so trading locally provides investors with greater choice.

All the infrastructural and legislative changes have significantly increased the level of accessibility to the Russian market for the international investor.

Key points for choosing local shares on MOEX over Depository Receipts:
  • Significant long-term cost benefits in holding local securities over DRs due to exorbitant Depository Bank charges
    • Receive the dividend immediately rather than waiting an additional week to receive it from the Depository Bank
    • Control your own FX conversions rather than taking the rate Depository Banks give you.
  • Accessing Russian market has never been so convenient
  • No restrictions on investments in local securities
  • No approval is required to start investing
  • Ability to hold and settle shares in Euroclear and Clearstream
  • USD DVP and RUB DVP supported by all the major custodians
  • No restrictions on RUB currency
  • Up-to-date infrastructure and T+2 settlement cycle

International Sales Team Contacts:

A wide range of Global Banks and Brokers provide high and low touch access to the Moscow Exchange.

Here is the list of Electronic Access providers

  • MOEX-listed Shares Superiority is based on the following criteria
  • Deeper liquidity
  • Cheap and transparent ownership
  • More protective for the shareholder: