NEW DELHI: Sova Capital, a London-based emerging markets broker-dealer, on Monday said it has concluded an agreement whereby it will offer members of India INX and their clients access to the Russian market.
The partnership will create a bridge for Indian investors to access trading on Moscow Exchange (MOEX), Russia’s main trading venue for equities, bonds, derivatives, foreign exchange and money markets.
India INX Global Access IFSC Limited, which is a wholly owned subsidiary of BSE’s India INX, has launched a platform through which Indian clients can trade foreign stocks, the company said.
The tie-up with Sova Capital, an International Clearing Member of MOEX, will provide an outbound connection to all India INX Members and their clients to access all instruments on MOEX and trade the global markets directly from India.
“Today markets are integrated and India INX, as an offshore exchange, has made the first but critically important step by offering a unified marketplace that provides access to global markets directly from India,” said Tatiana Primak, Sales Director, Sova Capital.
“We strongly believe this partnership shall further increase the international proposition and attract greater participation on India INX platform,” said V. Balasubramaniam, MD & CEO, India INX.