Sunday
Oct172010
NYSE Euronext Expects a Rise in Russian IPOs in the Coming Months
Sunday, October 17, 2010 at 03:06PM During a recent visit to Moscow, the leadership of NYSE Euronext, one of the world’s leading stock exchanges, voiced their interest in partnering with Russia in the country’s effort to create the Moscow Financial Center.
Ronald Kent (NYSE Euronext) is confident that the number of Russian companies seeking access to global capital will rise in the coming year.
Dominique Cerutti, NYSE Euronext President, told the Kommersant newspaper in an interview that the exchange is interested in bringing its capabilities and experience to Moscow:
The Exchange can offer what we are strong at. Presently we provide broad access to capital markets. Our market is the biggest marketplace in the world, and our trading volume in shares exceeds 30% of the global total. In addition, NYSE Euronext is in the top three exchanges involved in derivatives trading. We have very strong experience in IPOs. A particular advantage of our exchange group is its experience with several national regulators. Our trading platforms are located in eight countries in the U.S. and across Europe, and every day we are dealing with regulators in these countries.
Over time, we made a significant investment in the exchange infrastructure and technologies. Using the combined platform that runs our joint stock exchanges, brokers and their clients can now trade on stock exchanges around the world. In addition to this, we have the know-how to create a modern clearing system, which is essential for precise and safe operation of this mechanism.
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