OTS platform of the Moscow Exchange

History

2023: Platform Launch

On April 10, 2023, the Moscow Exchange launched the Over-the-Counter service to conclude OTC transactions with shares of Russian companies that do not have a listing on the Moscow Exchange, with settlements through a central counterparty (Central Committee).

At the first stage, investors can enter into OTC transactions with 10 shares of Russian companies without listing. PJSC Nitel, PJSC Krasnogorsk Zverev Plant, PJSC Udmurtneft, PJSC Obneftegazgeologiya, PJSC Novoship, PJSC Ufaorgsintez, PJSC Fortum enter the platform. In the future, it is planned to expand the list of available tools.

The Moscow Exchange launched the Over-the-Counter service to conclude over-the-counter transactions with shares of Russian companies that do not have a listing on the Moscow Exchange

The list of shares was formed on the basis of data from the MOEX Board indicative quotation system, which includes more than one thousand shares of Russian companies, taking into account activity in securities, the required level of information disclosure, the availability of financial statements and interest from investors.

The new segment is available only to qualified investors. Additional connection of participants to the site is not required. Brokers will independently regulate access to their customers.

In Russia, a huge number of enterprises and businesses that are at different stages of development, many of them have already become joint-stock companies and have their own shareholders, but are not yet public. Our service will help such companies gain the first experience in the secondary circulation of their securities and find new shareholders who are ready to finance interesting projects and wait for the company to become public. OTS transactions with the Central Committee can also become a prototype of a pre-IPO platform and a convenient mechanism for raising capital at the initial stage, "said Boris Blokhin, director of the stock market department of the Moscow Exchange.

The Moscow Exchange believes that the shareholders of the companies admitted to the new site are interested in trading their securities. They will be able to quickly sell them or buy them with the help of a new service.^[1]

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