SIX Financial Information, a leading global provider of first-rate data services and solutions has signed a Memorandum of Intent, concerning the exchange and distribution of corporate action information, with The National Settlement Depository (NSD), Russia's only settlement depository servicing a full range of debt and equity securities of Russian issuers.
The parties have agreed to cooperate and build upon their respective expertise. The result of which will be an expansion of the range of information services available to local and international sectors of the Russian stock market while simultaneously adding Russian corporate action information to the SIX Financial Information data offering.
Eddie Astanin, Chairman of the Executive Board, NSD, said: "Our cooperation in the sphere of information exchange with SIX Financial Information, one of the biggest suppliers of information of foreign issuers and their securities, will raise the level of Russian investors' awareness. This is very important in respect of admitting foreign securities into circulation in the Russian market. At the same time, within the framework of the cooperation we plan to provide up-to-date information about Russian issuers to the foreign audience. This will help the Russian stock market to attract greater foreign investments."
Fritz Hediger, Head of Global Sales, SIX Financial Information, pointed out that: "Russia is a large and growing market in need of financial information. Working closely with NSD in the exchange of financial information and services is a mutually beneficial and exceptional opportunity. Together we can expand the distribution of our key products and services throughout Russia while significantly enhancing our data offering through the inclusion
of first-rate data sourced from the NSD into our already existing over 10 million instruments."