MOEX Enables DMA FX Trading for Russian Corporates

[kreslik.news]

Moscow Exchange (MOEX), the country’s largest exchange has secured its first two corporates, Rosneft and Alrosa, obtaining direct market access (DMA) and trading capabilities on the exchange’s foreign exchange (FX) market.

The development follows after an earlier ruling this year, which enabled Russian entities to operate on MOEX’s currency market with the same terms as banks and brokerage firms – this includes Russian legal entities not qualified as credit institutions or professional market participants.

Rosneft is an active participant of the Russian foreign exchange market, having achieved access to MOEX’s FX Market as one of the exchanges first non-bank corporations. The move ... (read more)