IFC METROPOL and the Japanese company United World Securities signed on December, 12 a package of agreements to carry out a project for broking of the Japanese investors on the Russian stock market via Internet in the on-line mode. According to the contracts the clients of UWS which is known as a professional participant of the Japanese stock market, are granted the access to on-line mode auction of the Russian shares at the Moscow Central Stock Exchange in Russia.
The contracts were signed by the M.V. Slipenchuk, Director General of IFC METROPOL and Toshiyuki Tateishi, Director General of the UWS. From the Russian side at the ceremony of signing there was present M.Ya. Sheshelovsky, the head of the project and Director General of AM METROPOL. On the same day in the company office there was successfully held the trial auction of the Russian shares.
For the first time the Japanese investors with the help of integrated Japanese and Russian systems of internet trading will be able to deal in the Russian shares denominated in rubles on-line.
The UWS and IFC METROPOL cooperation began last year when in November 2006 the framework agreement on cooperation was signed. Since then 2 closed–end funds were established in Japan making investment mainly in Russian shares.