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Indian investors granted access to trading in Russian markets for the first time. Sova Capital tie-up with INX GA will facilitate trading flows onto Moscow Exchange

10 Jan 2022

Sova Capital, a London-based emerging markets broker-dealer, 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.

“We are delighted to establish access to Indian investors via our tie-up with India INX to all segments of Moscow Exchange: equities, stocks, derivatives, FX SPOT. Today markets are integrated and India INX, as an offshore exchange, has made the first but critically important step by offering a unified marketplace that provides access to global markets directly from India.  We strongly feel that our cooperation opens new prospects for mutually beneficial business relations between Moscow Exchange and India INX and further deepens financial ties between India and Russia,” said Tatiana Primak, Prime Services Sales Director at Sova Capital.

“We are happy to tie-up with Sova Capital in our effort to broaden the access of domestic investors to international markets. We strongly believe this partnership shall further increase the international proposition and attract greater participation on India INX platform,” said V. Balasubramaniam, MD & CEO, India INX.

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.