Moscow Exchange to expand offering of international stocks
Moscow Exchange (MOEX) is expanding its offering of international stocks. Effective June 1, 2021, Moscow Exchange will admit 20 international stocks to trading, including shares of Zoom, Western Digital and Virgin Galactic.
As a result, the number of shares and depositary receipts of international issuers available for trading on Moscow Exchange will reach 144. MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.
Moscow Exchange launched trading in international equities in August 2020. The securities can be traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX’s robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends will be set in the currency of the issuer, i.e., in USD for US securities.
Individual investors can submit a Form W-8 to establish their eligibility for a reduction of or exemption from tax on dividend income from US securities.
Below is a list of the new additions to the stocks offering: