12
December
2007
IFC METROPOL and United World Securities (Japan) signed a package of agreements to set up internet trading of the shares of the Russian companies
IFC METROPOL and the Japanese company United World Securities
signed on December, 12 a package of agreements to carry out a
project for broking of the Japanese investors on the Russian stock
market via Internet in the on-line mode. According to the contracts
the clients of UWS which is known as a professional participant of
the Japanese stock market, are granted the access to on-line mode
auction of the Russian shares at the Moscow Central Stock Exchange
in Russia.
The contracts were signed by the M.V. Slipenchuk, Director General
of IFC METROPOL and Toshiyuki Tateishi, Director General of the
UWS. From the Russian side at the ceremony of signing there was
present M.Ya. Sheshelovsky, the head of the project and Director
General of AM METROPOL. On the same day in the company office there
was successfully held the trial auction of the Russian
shares.
For the first time the Japanese investors with the help of
integrated Japanese and Russian systems of internet trading will be
able to deal in the Russian shares denominated in rubles
on-line.
The UWS and IFC METROPOL cooperation began last year when in
November 2006 the framework agreement on cooperation was signed.
Since then 2 closed–end funds were established in Japan making
investment mainly in Russian shares.
