India’s premier exchange, BSE, has announced that alongside The India International Exchange (IFSC) Limited (India INX) has signed a memorandum of understanding (MoU) with Moscow Exchange (MOEX). The agreement aims to connect the investors’ community and companies both in India and Russia.
BSE and India INX are the first Indian Exchanges to enter into the MoU with Moscow exchange.
Shri Ashishkumar Chauhan, MD & CEO, BSE, said:
BSE, India Inx and MOEX are collaborating together to facilitate the development of channels of communication. We strongly believe together we would foster a continuing relationship for the benefit of the financial services industry in India and in Russia.
BSE, India INX and MOEX feel that mutual understanding of each other’s market is the premise for bi-lateral investment. They will use the India-Russia Initiative as an important portal for professional intermediaries in both markets to share their know-how and expand their client network in their home market and abroad.
BSE is also known as the world’s fastest Stock Exchange with a speed of 6 microseconds, while India INX is India’s first international exchange based in the International Financial Services Centre (IFSC).