Veles Capital Investment Company brought access for investors to the Saint Petersburg Stock Exchange which provides the opportunity to make executions with trade in high liquid securities of foreign issuers included in the S&P 500 index. Trades can be executed via QUIK trade system.
"We constantly expand the list of services. St. Petersburg Stock Exchange membership is an important and natural move for us", noted Anatoly Lukashov, the deputy director of business development at Veles Capital Investment Company.
"Liquidity of the US marketplaces is available for Russian investors via Saint Petersburg Stock Exchange high-tech solutions. Veles Capital is the major player on the professional brokerage services market. We are glad to see Veles Capital among our partners, and company’s clients as active investors", said Eugeny Serdyukov, CEO of Saint Petersburg Stock Exchange.
The Saint Petersburg stock exchange is the largest marketplace for trading in foreign securities in the Russian Federation. The exchange opened for trading in November 2014. Transactions are within the Russian legal framework for payments in US dollars. Stocks are held in Russian depositories with the possibility of transfer to every depository/custodian in the world. All categories of investors are able to trade on the St. Petersburg stock exchange including unskilled ones. The list of issuers admitted to trading is published on the website of the Stock Exchange.
Veles Capital is one of the oldest investment companies in Russia. It has been founded in 1995 and managed by Dmitry Bugaenko and Alexei Gnedovsky. Veles Capital is one of the few Russian investment companies obtaining an international credit rating (rating S&P «BB-/B/ruAA-» has been affirmed in 2017 with outlook upgraded to stable). By the end of 2016, the company entered top-10 of Moscow Exchange operators with client deals turnover exceeding 4 trillion rubles. The overall turnover of securities amounted to 11 trillion rubles in 2016.