13 Jan 2025 18:52

Moscow Exchange begins calculation of insider trading activity indicator

MOSCOW. Jan 13 (Interfax) - The Moscow Exchange has begun calculating and publishing an insider trading activity indicator, the trading platform said.

Currently, the indicator is based on insider transactions involving the exchange's own shares. Data from other issuers included in the MOEX Index will be added at the beginning of 2025.

"The insider trading activity indicator is an important tool for company analysis. It reflects, among other things, the investment sentiment of the issuer's employees," the exchange said.

The indicator includes anonymized data on the number of an issuer's insiders who have bought or sold its shares, as well as the volumes of such transactions. Information is displayed for the past one, three and six months, and is updated every two weeks.

The group of insiders includes members of boards of directors, management boards, department heads and regular employees who have access to insider information due to contractual obligations and job responsibilities.

"We have started publishing the insider trading activity indicator for MOEX shares and expect other issuers to join our initiative. Information about insider transactions will provide investors with a valuable resource for making more informed investment decisions and will also increase the overall transparency of issuers represented in the Russian equity market," Moscow Exchange Managing Director for Compliance and Business Ethics Irina Grekova was quoted as saying.