Moscow Exchange admits 19 more foreign securities to trading

AK&M 04 May 2021 16:34

On May 4, 2021, Moscow Exchange will admit 19 foreign stocks to trading, including shares of Goodyear Tire & Rubber Company and Hewlett Packard as well as SAP, one of Germany’s leading companies, the Moscow Exchange informed.

As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 124.

MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.

Moscow Exchange launched trading in international equities on 24 August 2020. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX’s robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends will be set in the currency of the issuer, i.e., in USD for American securities.