OUTLOOK FOR 2023

In line with the strategy until 2024, Moscow Exchange will continue to expand its toolkit, make products and services accessible to participants and clients, improve technology and attract new categories of clients.

In 2023, a fundamentally new type of instrument is planned to be launched, as Moscow Exchange is preparing to issue digital financial assets (DFAs). The pilot project will be DFAs on short-term claims to large corporates, with other scenarios and instruments planned for introduction in the future. Moscow Exchange applied for the register of DFA exchange operators and information system operators at the end of 2022.

In 2023, the Exchange will also focus on the development of Russian information services to replace the products of international providers that have left the Russian market. There are plans to create a customised solution for all participants in the Russian financial market, an information and trading terminal. The trading functionality has already been implemented on the basis of MOEX Dealing. In 2023, the trading terminal will be upgraded, and its functionality will be expanded by refining the information and analytical part. The terminal will receive a modern design and will be aligned with customer requests.

New instruments will continue to be launched on the Moscow Exchange markets. New currency pairs will be added to the FX Market. There are plans to expand the range of contracts on the Derivatives Market for equity indices of other countries, launch of perpetual equity index futures and futures on new currency pairs. On the Money Market, floating rate repo instruments will appear, as well as on-demand repo transactions to help lengthen the maturity of funds. Trading in platinum and palladium is planned to be launched on the Precious Metals Market.

In 2023, new indices will be launched, in particular bond and gold price indices, as well as new FX fixings.

In 2022, the structure of Moscow Exchange’s core markets has undergone a significant transformation, with a noticeable increase in the share of retail investors in trading volumes. Retail investors continue to join the financial market, with new investors in need of financial knowledge, so Moscow Exchange sees the development of financial literacy a key priority both for 2023 and beyond. To improve the financial literacy and broaden knowledge of the principles of the exchange and traded instruments, Moscow Exchange offers specialised courses, events, training seminars and competitions.