Moscow Exchange and Deutsche Börse sign letter of intent planning strategic partnership

Today Deutsche Börse and Moscow Exchange signed a Letter of Intent (LoI) in the presence of Russian President Vladimir Putin and German Chancellor Angela Merkel. The exchange organizations agreed on a strategic co-operation and an extensive exchange of information in order to facilitate the further development of the financial markets. Furthermore the co-operation intends to foster and extend the links between the financial centers Moscow and Frankfurt.  

The two partners plan to cooperate on exchange infrastructure, product development, IT and rules and regulations regarding trading, clearing, settlement & custody, collateral management as well as market data and indices.

In accordance with the LoI, the two exchanges are above that to support each other in the further development of their markets in terms of volumes, liquidity and global reach of issuers, intermediaries and investors.

“Already a couple of years ago Deutsche Börse started a close co-operation with Moscow Exchange. Both exchange groups are joined by a common understanding how to further develop equities and derivatives trading as well as clearing and settlement. The deepening of our relationship agreed today is a logic and welcomed step and is also part of our growth strategy,” said Reto Francioni, CEO of Deutsche Börse.

"This agreement will give a further impetus to Moscow Exchange international development. Deutsche Börse is a trusted partner and we look forward to working together to apply best international practices and to exchange experience. The peer-to-peer partnership between Moscow Exchange and Deutsche Börse will deepen Russia’s integration into the global financial system, create favorable terms for foreign investors to access the Russian market, strengthen our economy and aid in the creation of an international financial center in Moscow", said Alexander Afanasiev, CEO of Moscow Exchange.

About the Moscow Exchange Group

The Moscow Exchange Group is an integrated exchange structure that provides full range of opportunities to institutional and retail investors and their Russian and foreign clients for the trading of equities, bonds, currencies, derivatives and commodities, clearing and settlements on trades, depository and information services.

The Moscow Exchange was created in December 2011 through the merger of the country’s two leading exchanges - MICEX and RTS, providing a transparent process for price discovery of Russian assets as well as a full range of trading and post trading services.

There are 15 companies in the Moscow Exchange Group. The major companies are OJSC Moscow Exchange, National Settlement Depository, National Clearing Center, and MICEX Stock Exchange.

About Deutsche Börse Group
Deutsche Börse Group is one of the world’s leading service providers for the financial industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading, through clearing, to settlement and securities custody. Furthermore, Deutsche Börse offers market data, indices and analyses and is a service provider for the development and operation of IT systems.

The key markets within the Group are the Frankfurt Stock Exchange (Xetra), one of Europe’s largest stock exchanges, and Eurex Exchange, one of the largest derivatives exchanges in the world.

Deutsche Börse Group includes Deutsche Börse AG, a DAX company, and its wholly-owned subsidiaries Clearstream International S.A. and Eurex Zürich AG. Eurex’s portfolio of markets includes International Securities Exchange (ISE), a leading U.S. options exchange, the European Energy Exchange (EEX) as well as the ECNs Eurex Repo and Eurex Bonds, which round out Eurex’s offering for repo and bond trading. Cash market activities and the market data business are run as business areas of Deutsche Börse AG.