Source: Deutsche Börse
The Moscow Interbank Currency Exchange (Micex) and Deutsche Börse have signed a cooperation agreement on Thursday.
The two parties have agreed to provide a framework to internationalize the German and Russian financial markets with a view to attract additional investments in Russian companies.
Under the terms of the MoU the two parties will enter into detailed discussions and share expertise on a variety of fields. The partners will develop joint projects and share, for example, information on the stock and derivatives market, post trade services and indices.
"With the Memorandum of Understanding we formalize our long-standing relationship with the Micex. The MoU will be an important step towards bringing European and Russian market participants closer together," said Dr Reto Francioni, CEO of Deutsche Börse.
"The next phase of closer cooperation between Deutsche Börse and Micex will foster the ties between the two exchanges which have been established over the past years," said Alexander Potemkin, president of Micex.