Thomson Reuters clients given access to FX trading on Moscow Exchange
On 20 December 2017, clients of Thomson Reuters has got access to aggregate quotes of the Moscow Exchange FX Market via Thomson Reuters’ FX Trading platform.
The new functionality will allow users to see quotes of Moscow Exchange, Thomson Reuters Matching, Orderbook and counterparty banks’ liquidity on one desktop and trade at the best available prices, also by executing trades on the Exchange directly via the FX Trading platform. Project partner Raiffeisen Bank provides Thomson Reuters clients with technical and legal access to MOEX liquidity.
Igor Marich, Managing Director of Money and Derivatives Markets at Moscow Exchange, said:
"The cooperation with Thomson Reuters has extended the opportunities of our sales channels. Now participants of foreign exchange market, banks and such financial institutions as institutional investors, funds and corporations involved in FX operations with Russian rouble, will have a deep and uninterrupted access to USD/RUB liquidity from Moscow Exchange".
Piotr Marczewski, Managing Director at Thomson Reuters Russia/CIS, said:
"This joint solution by Thomson Reuters, Moscow Exchange and Raiffeisenbank will help the trading community to gain access to MOEX liquidity pool via FX Trading platform, which being aggregated with Thomson Reuters venues will allow achieve best execution in Rouble. We are pleased to provide new opportunities, technologies and expertise to help our customers and partners find answers to the most crucial questions they face every day in their business lives."
About Thomson Reuters
Thomson Reuters is a leading provider of analytical information for business and professionals. We combine industry knowledge and innovative technologies to provide cutting-edge data for leading professionals in finance, risk management, law, taxation and media.
About Moscow Exchange
Moscow Exchange (MOEX) is the largest exchange group across Russia and Eastern Europe by trading volumes and number of clients. It was formed in 2011 through the merger of Russia’s two leading exchanges, MICEX and RTS. Today, Moscow Exchange is the main liquidity and price discovery centre for Russian instruments. Moscow Exchange hosts trading in equities, bonds, derivatives, currencies, money market instruments and commodities. The Group also includes Russia's central securities depository "the National Settlement Depository" and the National Clearing Centre, which performs the function of central counterparty.
MOEX FX Market offers trading in US Dollar, Euro, Chinese Yuan, Hong Kong Dollar, British Pound, Swiss Franc, Belarus Rouble and Kazakhstan Tenge. Its market data is used to calculate MOEX USD/RUB FX FIXING that meets Russian and international (IOSCO) regulatory standards. MOEX FX ADTV is around USD 24 bn.