Eskhata Bank became the first participant in MICEX from Tajikistan
01.11.2013

Eskhata Bank became the first participant in MICEX from Tajikistan

Eskhata Bank became the first participant in MICEX from Tajikistan


Bank Eskhata was included in the list of the Moscow Interbank Currency Exchange participants, which was announced September 12, 2013. This is a significant event for the Bank Eskhata which allowed the move to practical work with all existing currency instruments, including trade in currencies of CIS countries. 
The yield of the foreign exchange market of the Moscow Stock Exchange will carry out operations on purchase and sale of foreign currency at the same time, reducing the cost of these transactions, to make transactions on current exchange rates. 
The new trading platform for the Bank Eskhata will transparently pass the export-import operations, reliable and secure conduct exchange operations, diversification of foreign exchange reserves.
Trading on the foreign exchange market of the Moscow stock exchange are characterized by high liquidity, and the most narrow spreads between the quotation on purchase and on sell. In the coming days Bank Eskhata will be able to conduct transactions independently directly on the stock exchange quotation of the exchange currency market. This maintains the security of transactions, since the transactions carried out within the framework of the MICEX currency market, must be recorded on the exchange, and the sales process is governed by its rules. 

Reference
MICEX - the "Moscow Interbank Currency Exchange" - operates a single in Russia multifunctional stock trading platform for stocks, bonds, derivatives, currencies, money market instruments and commodity contracts. The Group includes the Central Depository (NGO "National Settlement Depository"), and the clearing center (CJSC Bank "National Clearing Centre"), acting as a central counterparty in the markets, that allows to the Moscow Stock Exchange to provide clients with a full cycle of trading and post-trading services.
Moscow Exchange ranks among the twenty leading stock markets of the world by total capitalization of tradable shares, and also the top ten platforms by volume of bond (in cash) and fixed-term contracts. In the stock market of the Moscow Stock Exchange there are admitted to trading securities of 710 issuers, including securities of the largest Russian companies.


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