PRIORITY AREAS OF MOSCOW EXCHANGE
GROUP DEVELOPMENT STRATEGY 2024
In October 2019, the Supervisory Board of Moscow Exchange approved a new Group development strategy through 2024.
The new strategy is based on five key priorities, two of which relate to areas of responsibility, and three to areas of development. The priority areas are two areas of responsibility: deepening major markets and engendering a culture of trust and responsibility.
In April 2021, the Supervisory Board approved additional provisions in the development strategy related to updating ESG topics, developing international cooperation and strengthening cyber security of infrastructure.
The Exchange remains the main capital-raising platform for Russian companies. In this area, the Exchange will continue to expand accessibility and its range of products and services. MOEX will focus in particular on working with investors and issuers, to encourage companies to access capital markets through share and bond placements, as well as diversifying the range of instruments available in the Derivatives Market and working with market data. With the updated strategy, the Sustainability Sector and Growth Sector initiatives, including the launch of ESG tools, as well as international cooperation initiatives, have been added to the current market deepening plans.
In developing a culture of trust and responsibility, the Exchange will focus on accelerating and digitalising business processes, reducing the time to launch new products and increasing the cyber resistance of key systems. To reach the next level in this area, the Group will focus on developing talents and leaders by delegating authority on a wide range of business development issues.
Further business growth will be supported by initiatives in three areas of development: market access, balance management and financial platform. These are an organic continuation of the previous strategy, based on the strengths of the Group’s business model and the key competencies of its employees.
The Exchange will give professional participants and consumers access to a wide range of investment and savings products with the focus on creating services that will provide banks and brokers with new opportunities to promote their services, and individuals with interfaces to access the financial market in a single information field. This will double the base of private investors over the medium term.
In terms of balance management, the Group will provide professional participants and corporations with flexible services for finding liquidity, executing orders and post-trading in a single interface.
Development of a financial platform means extending the capabilities of the Exchange’s accounting infrastructure to a wider range of financial assets. Initiatives in this area will lead to the expansion of the NSD’s service offer for savings instruments and information assets.