Russia plans to upgrade its financial markets in 2011, launching unified clearing system and a bourse for big forex and debt players, opening up OFZ treasury bond trading to more investors and offering simpler repo deals.
“The major project for the next year is a creation of the treasury bourse,” Central Bank board member Sergei Shvetsov told a repo forum on Tuesday.
Shvetsov said the new bourse will be formed by consolidating existing markets and will feature a common clearing system for forex and bond trading, as well as for repo and deposit operations and the Central Bank’s loan auctions.
“It is a separate segment of the infrastructure, which provides services for treasuries of the major banks without the presence of Internet brokers that service individuals,” Shvetsov said.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
