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Global banks battle Russian brokers for equities trading

Launch of direct access to Russian markets pits global investment banks against well-established local players

Global investment banks have begun offering clients direct access to the Moscow Exchange, pitting them against Russian brokers that have been developing domestic trading platforms for some time.

The Moscow Exchange announced on Wednesday that Citi, Credit Suisse, Merrill Lynch, Morgan Stanley and two other global banks will begin offering a service known as direct market access, or DMA, to clients from this month.

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