Key projects in 2020
FURTHER EXPLORING THE MAIN MARKETS
Evening trading session on Equity Market
From June 2020, the evening trading session from 19:00 to 23:50 became available on Moscow Exchange Equity Market in addition to the main trading session. The total trading time on the market is therefore almost 14 hours a day. The evening trading session increased the availability of the Russian financial market for all groups of investors and provided additional opportunities for the implementation of trading strategies. At the end of 2020, almost 70% of trading volumes of stocks in the evening trading session was accounted for retail investors, while this share in the market as a whole amounted to 41%. Every fifth retail investor used the opportunity of the evening trading session.
Trading in foreign stocks
In August 2020, Moscow Exchange began trading in foreign stocks. These stocks are traded and settled in Russian rubles within the reliable infrastructure of Moscow Exchange: with the participation of a qualified central counterparty and securities record-keeping with the Central Securities Depository.
At the end of 2020, 55 most liquid stocks of the largest international companies were listed.
New instruments
In 2020, Moscow Exchange hold three initial public offerings (IPOs) of Sovcomflot, Samolet and Ozon, four secondary public offerings (SPOs) of three companies - Detsky Mir, Yandex and Aeroflot and secondary listing of seven Russian companies registered abroad, as well as introduced small lots for Eurobonds and launched 20 new BPIFs and three new ETFs.
The Derivatives Market began trading in natural gas futures. Moscow Exchange has also significantly expanded its range of equity derivatives. It launched futures on Yandex, Polymetal and Inter RAO shares and on global depositary receipts of Tinkoff, X5 and Mail.ru. Weekly options on futures contracts on shares of Gazprom and Sberbank were added to trading.
The deliverable wheat futures contract was launched which is designed to be the first Russian wheat price benchmark.
PROMOTING A CULTURE OF TRUST AND RESPONSIBILITY
In 2020, Moscow Exchange launched a program to improve its compliance culture and develop new channels of interaction between employees of the Group companies in relation to risks.
FINANCIAL PLATFORM
“Transit 2.0”
A platform has been introduced for the automatic exchange of financial messages and other documents between corporations and banks. At the end of 2020, 25 corporations were connected to the Transit 2.0 platform.
Financial Transaction Registrar (FTR)
Together with the launch of Finuslugi platform, the FTR began its work to store information on all deposits opened on the platform. The FTR was created on the basis of the National Settlement Depository, which is part of Moscow Exchange Group.
BALANCE MANAGEMENT
MOEX Treasury corporate marketplace
In 2020, MOEX Treasury - a terminal for corporate clients with direct access to trading - was launched. It allows trading and non-trading operations to be carried out on MOEX’s markets through one window with a user-friendly interface:
- conversion and swap transactions on the FX Market, including RFS service, Block Spot Transactions, trades in G10 currencies with liquidity providers, as well as transactions at the MOEX fixing and the official exchange rate of the Bank of Russia;
- spot and swap transactions on the Precious Metals Market;
- deposits with the central counterparty on the Money Market;
- raising funds on the Credit Market;
- hedging on the Derivatives Market;
- deposit auctions on the M-Deposit Market.
Integration with the trader’s personal account and with the “Transit 2.0” system is also available through the terminal.
In 2020, 32 companies connected to the MOEX Treasury terminal; in December 2020, trading volume by corporate clients in the new terminal amounted to 9% of trading volume of the CCP Deposit Market.
Acquisition of a stake on the OTC FX platform NTPro
The partnership between MOEX and NTProgress will expand both companies’ service offering and allow the two parties to offer clients NTPro’s highly flexible advanced FX trading solutions alongside MOEX’s clearing and settlement facilities. The platform offers solutions for liquidity aggregation, matching and algo execution across a wide range of FX instruments.
MARKET ACCESS
Finuslugi (Marketplace of financial products)
On 15 October 2020, Moscow Exchange rolled out the personal finance platform Finuslugi. The platform enables Russian residents to open deposits online with any Russian bank represented on the platform. On 17 November 2020, electronic compulsory car insurance (OSAGO) became available on the platform.
Customers can compare offers from insurance companies and purchase insurance online. Moscow Exchange plans to further develop the platform by connecting new financial service providers and expanding its product offerings.