India INX partners with Sova Capital for trading in Russian securities

The collaboration will devise a cost-effective bridge for Indian investors to access trading on Moscow Exchange (MOEX), Russia’s main trading forum for equities, bonds, derivatives, FX and money markets.

BSE’s international arm India INX Global Access IFSC Ltd has collaborated into a partnership with Sova Capital to provide Indian investors in and outs to the Russian securities market, India INX the flagship of the company, said in a press statement.

The collaboration will devise a cost-effective bridge for Indian investors to access trading on Moscow Exchange (MOEX), Russia’s main trading forum for equities, bonds, derivatives, FX and money markets.

“We intensely feel that our cooperation opens new prospects for mutually beneficial business relations between the Moscow Exchange and India INX and further deepens financial ties between India and Russia,” said Tatiana Primak, sales director at Sova Capital.

India INX Global Access IFSC Limited, which is a wholly-owned subsidiary of BSE’s India INX, has pitched a platform through which Indian clients can trade foreign stocks. The bottleneck with Sova Capital, an International Clearing Member of MOEX, will furnish an outbound association to all India INX Associates and their customers to access all instruments on MOEX and trade the global markets directly from India.

V. Balasubramaniam, MD & CEO, India INX, said: “We are happy to tie up with Sova Capital in our effort to broaden the access of domestic investors to international markets. We strongly believe this partnership shall further increase the international proposition and attract greater participation on the India INX platform.”

The India International Exchange Limited is India’s first international stock exchange and a subordinate of the Bombay Stock Exchange.
It is situated at the International Financial Services Centre, GIFT City in Gujarat. It is a subsidiary of BSE Limited

It has offered to offer stocks from the US, Canada, the UK, Europe, Australia, and Japan, shrouding nearly 80 per cent of the investing universe, the BSE-owned India INX said in a proclamation.

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