MOEX Adds 29 New International Stocks

​Fazzaco has learned that starting from July 1 2021, Moscow Exchange will admit 29 foreign stocks, including shares Organon & Co, The Bank of New York Mellon Corporation, Wells Fargo & Company, State Street Corporation, The Western Union Company.

As a result, there will be in total 173 shares and depositary receipts of foreign issuers available for trading on Moscow Exchange. More foregin securities are expected to be launched on MOEX since the exchange is planning to meet the demand from banks, brokers, asset managers and their clients.

On 24 August 2020, MOEX firstly launched trading in international equities, which was available in the main and after-hours trading sessions. Trades are settled in RUB through 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.

Individual investors can submit Form W-8 to apply for reducing or exempting tax on dividend income from U.S. securities.

Back in May, MOEX announced it would provide opportunities to trade 20 more international stocks​.