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Corporate law and governance, financial transaction taxes

Project Group №1

Financial infrastructure and financial market regulation


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MICEX-RTS Launches New Trading Model in July

28.02.2012 00:34 / Russian Business Gazette

On 1 July 2012 MICEX-RTS launches new DVP T+3 trading model. Inconvenient settlement was the final obstacle for some foreign investors that precluded them from breaking into the Russian market. Foreign investors will be joined by the existing unique investor base of domestic institutional and private investors, as well as extra cash from pension funds, insurance companies and other Russian entities. This will make IPO demand for Russian companies in the domestic market higher than abroad.

We understand that foreign exchanges and investment bankers will fight tooth and nail for the floating of privatized Russian companies in their markets. After all the draft privatization plan is worth 1 trillion roubles. The well-planned decision to privatize state companies in the domestic market and the impact of this news on foreign investors will create extra incentive for their coming to Russia, returning liquidity to the domestic market and ultimately financial security for the country and creating an international financial center in Russia.

Ekaterina Novokreshenykh, Primary Market Managing Director, Member of the Board, MICEX-RTS

Project Group №1