The National Settlement Depository (NSD, part of the Moscow Stock Exchange Group) has developed a service for fast transfers of securities similar to the Fast Payment System (FPS). This was reported by Kommersant in reference to Viktor Zhidkov, representative of the NSD board of directors.
With the help of the service, with a few clicks in the brokerage application, transfer securities from one professional participant to another.
Five players will test the development until the end of 2023 and will go online in the first quarter of 2024. They can be Aton, Alfa-Bank, Sberbank, BCS and MKB.
The market has been waiting for such a service for a long time, but experts say that to achieve a “tangible effect” it needs to become really massive, something that has not yet been observed.
Therefore, the participants in the project speak of the need to make it mandatory for all brokers at the indication of the Bank of Russia or a specialized association.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
