Micex and RTS are set to sign a legally binding merger agreement this week, Financial Times reports. The alliance is expected to be approved by shareholders of both exchanges and Russia’s anti-monopoly service this summer. The two exchanges are yet to finalize several issues, such as the appointment of a management team, the suite of instruments the new platform will offer and what currency shares will be traded in. Micex trades in roubles, while RTS in dollars.
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