Moscow Exchange Enter into Partnership with Sberbank

Moscow Exchange​ announced that it has signed a cooperation agreement with Sberbank to jointly create new solutions to boost investor interest and improve exchange infrastructure.

Under the agreement, Moscow Exchange and Sberbank plan to work together to improve financial literacy, develop the collective investment market and expand the product range, increasing transparency and the availability of instruments to a wide range of investors.

The parties also will cooperate in developing and promoting new investment products and developing the rouble interest rate derivatives market.

Yury Denisov, CEO of Moscow Exchange, said: "Today, we emphasise the importance of joint work between the exchange, the trading infrastructure operator and Russia's largest bank aimed at developing all areas of the financial market investment segment. On-exchange trading in Russia is developing dynamically, with an inflow of retail investors, increased liquidity in the financial markets and a qualitative transformation of the role of investment in the country's economy. These developments are why we are joining forces to find and implement the best solutions in all areas of investment activity, from improving infrastructure and optimising regulation to increasing financial literacy among private investors."

Anatoly Popov, Deputy Chairman of the Executive Board, Sberbank, said: "We are interested in the harmonious development of the collective investments market and rouble interest rate derivatives, expanding the range of investment products and improving the financial literacy of retail investors, especially given their massive influx over the last two years. We have many joint projects and common interests with Moscow Exchange. This agreement outlines key areas of cooperation for us, and I am confident that subsequent constructive work will have a positive impact on the overall state of the market and will contribute to its transparency and accessibility."