Saint-Petersburg Exchange will expand traded assets ahead of IPO

MOSCOW: Saint-Petersburg Exchange, Russia’s major exchange for trading foreign stocks, may expand the range of its financial instruments before an initial public offering possible in 2022, the exchange’s top executive said in an interview. Russia’s second-largest exchange saw trading volumes of foreign securities, in which it specialises, rising to a record high after the central bank had cut rates to an all-time low amid 2020 lockdowns imposed to contain the COVID-19 pandemic.—Reuters