The partnership will create a cost-effective bridge for Indian investors to access trading on the Moscow Exchange
Sova Capital, a London-based emerging markets broker-dealer, on Monday said it has concluded a pact whereby it will offer members of India INX and their client's access to the Russian market.
The partnership will create a cost-effective bridge for Indian investors to access trading on the Moscow Exchange (MOEX), Russia's main trading venue for equities, bonds, derivatives, forex, and money markets, according to a statement.
India INX Global Access IFSC Ltd, which is a wholly-owned subsidiary of the BSE's India INX, has launched a platform through which Indian clients can trade foreign stocks. It is India's first international exchange set up at GIFT IFSC.
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.
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