Support The Moscow Times!

Treasury Bourse Planned

Russia plans to upgrade its financial markets in 2011, launching unified clearing system and a bourse for big forex and debt players, opening up OFZ treasury bond trading to more investors and offering simpler repo deals.

“The major project for the next year is a creation of the treasury bourse,” Central Bank board member Sergei Shvetsov told a repo forum on Tuesday.

Shvetsov said the new bourse will be formed by consolidating existing markets and will feature a common clearing system for forex and bond trading, as well as for repo and deposit operations and the Central Bank’s loan auctions.

“It is a separate segment of the infrastructure, which provides services for treasuries of the major banks without the presence of Internet brokers that service individuals,” Shvetsov said.

(Reuters)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.