... IPO and SPO markets declined. In the following years, moderate growth in the number of secondary offerings has been observed with the stabilization of the economy. Some stimulus also came from the increase in local and foreign investments after the ruble devaluation in 2014, as companies began seeking capital and the market adapted to new conditions. In recent years, the Russian SPO market still lags behind its international counterparts in terms of volume. This is explained by the lower share of ...

... largest trading platform in the country, the Moscow Exchange (MOEX), announced the launch of a new derivative instrument — futures contracts on a fund tracking Ethereum (ETF Trust ETHA) effective August 5. Settlements for these futures will be in rubles, with quotes in dollars per share of the fund. Access to this instrument will be granted only to qualified investors; however, the very fact of such futures being introduced signifies continued integration of crypto finance into the traditional ...

... capital investments in industries. As the month closes, the markets may experience unconventional movements—both due to window dressing and reactions to news flows. Investors are advised to stay vigilant: monitoring volatility in currency pairs (the ruble and tenge may indirectly respond to global trends), and oil and metal prices dynamics (under the influence of data from China and OPEC+ decisions, if any). By balancing macroeconomic and microeconomic factors, prudent investors will strive to avoid ...