Changes Planned on Bourse

By The Moscow Times

July 1, 2012

The Financial Markets Service will give Euroclear Bank and Clearstream International direct access to Russian sovereign debt markets through the country's central depositary, according to astatementon the regulator's website late Thursday.

Euroclear and Clearstream will be able to handle only Russian state and municipal debt and debt from foreign entities until July 1, 2014, according to a proposal posted on the website. The system may include Russian corporate debt and shares after a monitoring period, RIA-Novosti said.

The MICEX-RTS exchange also plans to introduce an evening currency-trading session by the end of this year, said Lev Bystrov, the exchange's spokesman.

(Bloomberg)

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