PJSC Moscow Exchange MICEX-RTS announced a new five-year strategy and said separately it will raise its dividend target.
The Russian bourse will raise the floor on its annual dividend to 60% from 55% of its net profit, and has set the goal of allocating all of the company's free cash flow to payouts.
"We continue to maintain a balance between cash returns to shareholders and investments in the future of the business. We have modified the dividend policy to introduce a target dividend payout ratio equal to free cash flow," CEO Yury Denisov said.
Moscow Exchange also approved Strategy 2024, which Denisov said will "bring trust, efficiency and innovation to the financial markets."
The company plans to widen access, increase trading hours and expand its products and services. It also said it will focus on improving investor and issuer relations to boost bond placements and equity-based funding and diversify derivatives.
The new strategy will also concentrate on doubling its retail investor client base in the medium term and enable the exchange to secure annual fee and commission growth of more than 10%.