SPB Exchange considers expansion of securities range

TASS Russian News Agency | Feb 24, 2021 at 12:37 PM

MOSCOW, February 24. /TASS/. The St. Petersburg-based SPB Exchange is exploring an opportunity of expanding the range of Russian issuers' securities, the press service of the Exchange told TASS on Wednesday.

"The Exchange is currently considering an opportunity of broadening the range of Russian issuers' securities together with traders," the press service says. The Exchange has not detailed the timeframe and specific issuers.

According to data on the Exchange's website, VTB, Uralkali, Gazprom and Novatek ordinary stock has already been allowed for trading on the exchange.

The Kommersant newspaper said on Wednesday, citing sources, the SPB Exchange offered that stock market traders start trading in Russian stock under special conditions contemplating the refund of two thirds of the tariff for first trading months. Trading is planned to start on March 10 from five ordinary shares and bring them to fifty over the year, newspaper's sources said.