Guidelines for the Development of the Russian Financial Market
Bank of Russia
FINANCIAL SECTOR OVERVIEW
The Central Bank of the Russian Federation
SECURITIES MARKET (6)
Moscow Exchange group offers the best infrastructure in its class
TRADING
CLEARING
SETTLEMENT
Source: Moscow Exchange
35
Moscow Exchange
listing and electronic
trading, including DMA
services
National Clearing Centre
CCP, risk and collateral
management, clearing,
risk netting
National Settlement
Depository
CSD, settlement,
depository, safekeeping,
repository
✓ MOEX captures the entire value chain for end-
customers, offering a one-stop shop for listing,
risk management, market data, multi-asset
trading, clearing settlement and custody
✓ MOEX is strategically positioned to benefit
from the development of Russia's capital
markets in the coming years
✓ Fully vertically integrated infrastructure with
regulation and oversight by the
Bank of Russia
✓ Eligible collateral to trade any asset class
✓ Foreign investors have DMA and ICM services
at their disposalView entire presentation