Indian investors granted access to trading in Russian securities for the first time

Sova Capital tie-up with India INX GA will facilitate trading flows onto Moscow Exchange

Sova Capital, a London-based emerging markets broker-dealer, announces it has concluded an agreement whereby it will offer members of India INX and their clients access to the Russian market. The partnership will create a cost-effective bridge for Indian investors to access trading on Moscow Exchange (MOEX), Russia’s main trading venue for equities, bonds, derivatives, FX and money markets.

India INX Global Access IFSC Limited, which is a wholly owned subsidiary of BSE’s India INX, has launched a platform through which Indian clients can trade foreign stocks. The tie-up with Sova Capital, an International Clearing Member of MOEX, will provide an outbound connection to all India INX Members and their clients to access all instruments on MOEX and trade the global markets directly from India.

Since 2007, Sova Capital (a UK-based and FCA-regulated broker dealer) has utilized its significant balance sheet and product solutions to provide both buy-side and sell-side clients with a global offering covering execution services, prime financing, custody, stock-loan, and repo services across both emerging and developed markets.

India INX, BSE’s international arm, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT IFSC. It is one of the world’s most advanced technology platforms with a response time of 4 micro seconds and allows trading for 22 hours a day, in a range of financial market products such as index and single stock derivatives, commodity derivatives, currency derivatives and debt securities, to allow international investors to trade from anywhere across the globe.