Brokers to have access to Moscow Stock Exchange

Brokerage house Internetowy Dom Maklerski (IDM) in co-operation with Russia's dominant Internet brokerage, Broker Credit Service (BCS), wants to enable Polish stock market players to invest on the Moscow bourse. The two companies signed a letter of intent on the issue last week. "From April our customers will be able to invest in Russian stocks, futures contracts and have access to all published analyses and recommendations of that particular market," announced IDM president Grzegorz Leszczynski. The venture's founding fathers stress that the Russian market is becoming very attractive and has huge potential. Its daily turnover already amounts to $500 million, while the Warsaw bourse has recently seen transactions to the value of $25.44 million a day. "Investors earn huge money on the Russian market. Some of their energy sector companies have already gained 150% in value in 2003," claimed Leszczynski. (Puls Biznesu, pp. 1, 5) M.M.