REW 2017: Uniting cities and exchanges

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October 17, 2017

REW 2017: Uniting cities and exchanges

17 October, Moscow. – The St. Petersburg International Mercantile Exchange and Moscow Exchange signed an agreement during Russian Energy Week.

The agreement provides for joint marketing activities to attract new traders as well as expanding the range of commodity assets and derivatives offered on the Russian stock market. In particular, the agreement aims to develop organized trading within the Eurasian Economic Union (in Armenia, Belarus, Kazakhstan, and Kyrgyzstan).

St. Petersburg International Mercantile Exchange President Alexey Rybnikov:

“An important strategic part of the project is the establishment of a new pricing mechanism for oil exported by Russia – trading in delivery futures for Russian export blend of Urals crude oil”.

Moscow Exchange CEO Alexander Afanasiev:

“Our joint work to develop exchange trading will lead to the increased transparency and liquidity of commodity markets, including through the active involvement of new Russian and foreign traders”.

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