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Citigroup, Credit Suisse, Merrill Lynch and Morgan Stanley open Т+2 trading at Moscow Exchange
04.09.2013 10:56 / Interfax
Two more banks are expected to roll out DMA by the year-end.
DMA to Russian securities at Moscow Exchange has become possible by the Russian stock market adopting the standard global practice of partial pre-deposit and Т+2 settlement, centralized clearing and central depositary, says the release.
“The stock exchange switch to pre-deposit and Т+2 is the starting point of Moscow’s integration into the international financial centers system. Today, investors from any country can trade Russian instruments directly in a format they know and are comfortable with. We continue to build infrastructure, expand product lines and stimulate market liquidity”, said Moscow Exchange Deputy CEO Andrey Shemetov, as quoted in the release.