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Bank of Russia to Purge Unstable Exchanges from the Market
17.10.2013 16:28 / PRIME
“There can’t be too many exchanges”, he said, adding that liquidity is a common good for the Russian market in general, therefore its fragmentation will have an adverse effect.
Shvetsov pointed out that from 1 January 2014 all Russian exchanges will become universal. “Exchanges that fail to present a clear development strategy or proof of financial solvency can hardly expect to be granted a license”, he said.