24.10.2014 19:22

Moscow Exchange to launch MOEX Board indicative quotation system

Moscow Exchange will launch its new MOEX Board indicative quotation system in December 2014.

The system will operate like a notice board, allowing traders and investors to enter and view quotes for stocks that are not traded on the Russian regulated market. MOEX Board will thus help to expand the range of investment strategies available to investors. Inclusion on MOEX Board will allow companies with unlisted securities to obtain indicative valuations for their stock.

OTC sale/purchase agreements will be available in electronic form via the Electronic Contract Centre in accordance with the Trade Agreement of CJSC MICEX Stock Exchange. OTC trades will be automatically reported to the Exchange in accordance with regulatory requirements for professional investors.

Moscow Exchange has launched MOEX Board in response to demand from brokerages, and has been approved by the Equity & Bond Market Committee on 10 September 2014.

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