Small and medium investors across the BRICS countries will soon get easier access to each others’ markets. The alliance of the trading floors of the five member states – Brazil's BM&F Bovespa, Russia's MICEX-RTS, India's BSE, Hong Kong's HKEx and South Africa's JSE Limited – plan to start trading futures listed on all major BRICS indices by March 20. Currently, there are a number of restrictions to access to global markets, Aleksey Pukhaev, an analyst from Investcafe, explained to Business RT. While the agreement won't likely produce any immediate effect, it will give investors the chance to access the markets in other BRICS countries in real time regime, Pukhaev said. “In the future this will contribute to mutual penetration of BRICS stock markets, which will be positive for concrete financial instruments,” he said. “Openness and the absence of borders will contribute to flattening imbalances,” the Investcafe analyst concluded.
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