Saint-Petersburg Exchange will expand traded assets ahead of IPO

* SPB Exchange is working on expanding product range

* Eyes incorporating far more U.S., European shares

* Options to add Asian stocks, launch derivatives, bond buying and selling

* Suggests IPO is attainable in 2022

MOSCOW, Feb 11 (Reuters) – Saint-Petersburg Exchange, Russia’s main trade for trading foreign stocks, may well extend the variety of its financial devices before an first general public presenting attainable in 2022, the exchange’s leading executive reported in an job interview.

Russia’s second-premier trade saw investing volumes of international securities, in which it specialises, soaring to a document large just after the central bank had slice charges to an all-time small amid 2020 lockdowns imposed to comprise the COVID-19 pandemic.

In January, the SBP Exchange loved a 10-fold calendar year-on-calendar year rise in trading volumes to $36.1 billion, outstripping its principal rival, the Moscow Trade, which saw all over $30 billion turnover on its inventory segment.

Roman Goryunov, president of NP RTS Affiliation, the most important shareholder of the SPB Trade, reported the 2021 target is to carry the quantity of U.S. shares on offer you to all over 2,000, up from 1,523 by the finish of 2020.

“One of our key goals is not just the listing of devices but also provision of enough liquidity in them,” Goryunov claimed.

The exchange introduced foreign stocks in 2014, investing U.S. shares when U.S. marketplaces are closed thanks to the time distinction. Tesla, Apple, Boeing and Amazon were its the most preferred U.S. shares previous 12 months.

Owning opened obtain to German shares, the SPB Trade options to extend the amount of European stocks on present in the initial 50 percent of 2021 and is considering including Asian names.

In 2021, it will start getting ready to launch a derivative segment. It is thinking of adding Russian stocks and bonds, like international ones, to its asset range, Goryunov mentioned.

The SPB Trade presents shares in their native forex, conducting discounts under Russian legislation. Foreign shares are held by a depository in Russia and can be transferred to any depository around the globe.

The key currency on the Moscow Exchange, which also trades bonds, derivatives, Fx and other devices, is the Russian rouble.

IPO Options

SPB Exchange now trades its possess shares but is contemplating an first public giving on yet another exchange in 2022, looking for added money soon after turning profitable in the second quarter of 2020, Goryunov claimed. It will start off choosing IPO arrangers this year, he stated.

Asked if the trade is thinking about a listing on the U.S. Nasdaq, where by Russian firms, these kinds of as on the internet retailer Ozon or brokerage Freedom Finance, trade, Goryunov reported: “we will look at various alternatives.” (Reporting by Andrey Ostroukh and Elena Fabrichnaya modifying by Larry King)