Russia’s National Depository to exchange data with Six Financial Information
Russia’s National Settlement Depository (NSD) has signed an information exchange agreement with Six Financial Information, a leading global provider of first-rate data services and solutions.
The agreement will comprise a two-way exchange and distribution of corporate action information on both Russian and foreign issuers.
The move is aimed to help expand the range of information services available to local and international sectors of the Russian stock market, as well as adding Russian corporate action information to the Six Financial Information data offering.
Eddie Astanin, chairman of NSD’s executive board, said: “Our cooperation will raise the level of Russian investors’ awareness. This is very important in respect of admitting foreign securities into circulation in the Russian market.
At the same time, within the framework of the cooperation we plan to provide up-to-date information about Russian issuers to the foreign audience. This will help the Russian stock market to attract greater foreign investments.”
Fritz Hediger, head of global sales at Six Financial Information, added: “Russia is a large and growing market in need of financial information. Working closely with NSD is a mutually beneficial and exceptional opportunity.”
NSD is the largest settlement depository in Russia, part of the Moscow Exchange Group.
It services on-exchange and over the counter transactions with all types of debt and equity securities of Russian issuers and provides settlement services to participants in financial markets of the Russian Federation.