MOEX to Add 77 International Stocks for Trading

Moscow Exchange (MOEX) announced that it will add 77 new international stocks for trading on 1 September 2021.

As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 281. MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.

MOEX launched trading in international equities on 24 August 2020. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using 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 establish eligibility for reduction or exemption of tax on dividend income from U.S. securities.

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Fazzaco recently reported that MOEX has released its operating metrics for the second quarter of 2021​, revealing a slight rise in the net profit. 

Key Financial Metrics for Q2 2021:

• F&C income grew by 24.2% to RUB 9.9 bln.

• Operating income was up 9.7%. F&C income accounted for more than 75% of operating income.

• Net profit grew by 2.1% to RUB 7.0 bln.