NEW DELHI: India INX International Entry IFSC Ltd, a wholly-owned subsidiary of BSE’s India INX, has tied up with Sova Capital, a London-based rising markets broker-dealer, to supply Indian buyers entry to the Russian securities market.
The partnership will create an economical bridge for Indian buyers to entry buying and selling on Moscow Trade (MOEX), Russia’s principal buying and selling venue for equities, bonds, derivatives, FX and cash markets, the corporate stated.
“We’re glad to tie-up with Sova Capital in our effort to broaden the entry of home buyers to worldwide markets. We strongly consider this partnership shall additional improve the worldwide proposition and appeal to larger participation on India INX platform,” stated V Balasubramaniam, managing director and chief govt officer & CEO, India INX.
India INX International Entry IFSC has launched a platform by which Indian purchasers can commerce overseas shares. The tie-up with Sova Capital, a global clearing member of MOEX, will present an outbound connection to all India INX Members and their purchasers to entry all devices on MOEX and commerce the worldwide markets instantly from India.
Commenting on the tie-up, Tatiana Primak, gross sales director, Sova Capital, stated, “We’re delighted to ascertain entry to Indian buyers through our tie-up with India INX to all segments of Moscow Trade: equities, shares, derivatives, FX SPOT. Immediately markets are built-in and India INX, as an offshore alternate, has made the primary however critically essential step by providing unified market that gives entry to international markets instantly from India. We strongly really feel that our cooperation opens new prospects for mutually useful enterprise relations between Moscow Trade and India INX and additional deepens monetary ties between India and Russia.”
Supply: Live Mint