Moscow Exchange launched trading in shares of foreign companies from the S&P 500 index :: Economy :: RBC

Photo: Oleg Yakovlev / RBC

The Moscow Exchange launched trading by foreign companies from the S&P 500 stock index, according to the Mosbirzh website.

It is noted that trading in shares of foreign issuers and settlements on them will be carried out in Russian rubles within the framework of the reliable infrastructure of the Moscow Exchange. Dividends on shares will be charged in the original currency – on US securities in US dollars. By the end of the year, the list of available instruments will be increased to 50 shares. In the future, the Moscow Exchange plans to expand the list of available instruments.

Earlier, Boris Blokhin, director of the Moscow Exchange’s share market, said that it is planned to launch trading in shares of the most liquid S&P securities by the end of summer, and another 25 securities in mid-autumn. According to Blokhin, at the first stage it will launch 50 securities. Trades will be held in rubles.

Blokhin added that within the framework of Russian legislation, the Moscow Exchange will initiate the listing of securities as an organizer of trading.

Managing Director for Sales and Business Development Igor Marich explained that the exchange will monitor the activity of clients and, based on this, will add new shares.

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