Question: -MOEX stands for:
(a) Moscow Exchange
(b) Moroccan Exchange
(c) Mexican Exchange
(d) None of the Above
Answer: (a)
Related facts:
- On 3rd April, 2019, Bombay Stock Exchange and the India International Exchange Limited (India Inx) signed a Memorandum of Understanding (MoU) with the Russian bourse Moscow Exchange (MOEX).
- Deal would connect investor community and companies in both countries besides allowing a capital formation platform on a larger scale.
- BSE and INX are the first Indian exchanges to enter in to the MoU with Moscow Exchange.
- The exchange companies have agreed to the secondment of senior personnel to enhance understanding of activities in each other’s market.
- They will conduct joint research to explore the possibility of further cooperation in the area of cross-listing of derivative products, exchange traded fund, dual listing and fixed income product cooperation.
- BSE, India INX and MOEX will use the India-Russia initiative as an important portal for professional intermediaries in both markets to share their know-how and expand their client network in their home market and abroad.