Moscow Exchange to float on own platform

MOSCOW Mon Jan 21, 2013 6:16am GMT

Related Topics

MOSCOW Jan 21 (Reuters) - The Moscow Exchange, Russia's main venue for trading in stocks, bonds, foreign exchange and derivatives, on Monday announced its intention to float on its own platform.

Details of the offering, announced in a statement, were limited but the Moscow Exchange will offer shares to institutional and retail investors in Russia, to offshore investors and qualified institutions in the United States.

The Moscow Exchange was formed in 2011 following the merger of Moscow's two largest stock exchanges, MICEX and the RTS with a view to a float this year in which existing shareholders will be able to sell stock. 

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.