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BT works with Moscow Exchange to open up BRICS markets

Press Release   •   Oct 17, 2012 00:00 BST

BT today announced that members of the Moscow Exchange MICEX-RTS (“Moscow Exchange”) can now use the BT Radianz Cloud to access trading in a range of new cross-listed derivatives products launched by the BRICS Exchanges Alliance. 

International investors and market data vendors can also use the BT Radianz Cloud to access market data covering these products that is produced by the Moscow Exchange.

Moscow Exchange is one of five members of the BRICS Exchanges Alliance that now cross-list derivatives products based on Brazil’s Bovespa Index, Russia’s MICEX Index, the BSE India Sensitive Index, Hong Kong’s Hang Seng Index, the Hang Seng China Enterprises Index and South Africa’s JSE Top40 Index.

This multi-exchange agreement to cross-list derivatives products is designed to boost liquidity in these products and strengthen the position of the exchange alliance within the global financial community.

Sergei Sinkevich, Managing Director, Primary Market and Globalization, Moscow Exchange, said: “It is crucial that domestic and international investors can access these products quickly and seamlessly and that there is international transparency of trading in these instruments. We see that making access to trading and market data available to the BT Radianz Cloud Community will ensure we achieve these goals. It can also help members of the other exchanges in the BRICS Exchanges Alliance.”

Tom Regent, president, global banking & financial markets and sales & marketing, BT Global Services, said: “Our customers continue to see great investment opportunities in the BRICS markets. We are delighted to build on our long-standing relationship with Moscow Exchange MICEX-RTS, and to support the BRICS Exchanges Alliance, by working with them on this new market development.”

Notes to editor:

BT’s specialised teams of local experts, based in Moscow, serve the needs of local and global multinational clients from the financial services industry as well as other sectors. Over the past 11 years, the BT Radianz Cloud has become an important window to the world for local and global financial service providers. Russia’s largest stock exchanges and leading business news outlets - including RTS, MICEX and RIA Novosti - have been members of the community since 2010.

About Moscow Exchange MICEX-RTS
Moscow Exchange is the Russian stock exchange that came to existence in December 2011 after the merger of two main Russian exchanges, MICEX and RTS. The new exchange strives to achieve the status of an internationally competitive market through improved efficiency of the market infrastructure, product diversity and liquidity.

Moscow Exchange Group provides a wide range of opportunities to investors, professional institutions and their Russian and foreign clients for equities, bonds, currencies as well as derivatives and commodities trading. The Exchange provides a transparent process for determining fair market values of Russian assets with a full range of trading and post trading services.

Moscow Exchange Group offers accessible technology, sound clearing and guarantee functions and flexible operational structures. All innovations and new technologies and services are aimed at bringing reliability and safety to the market.

Trading on the securities market of Moscow Exchange Group is held in the following sectors: Main market for equities & bonds (settled in RUB), Standard section for most liquid securities (settled in RUB), Classica sector for equities, bonds and fund shares (settled in USD). The Moscow Exchange Currency Market is one of the key segments of the Russian financial market. Since 1992 the Bank of Russia has been determining the official exchange rate for the Russian ruble based on the results of currency trading on MICEX. FORTS is the Exchange’s derivatives market that trades futures and options contracts on equities, bonds, indices, currency, interest rates, commodities. Moscow Exchange’s market data is accessible worldwide through a range of all major vendor distribution channels.

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