Moscow Exchange to cooperate with Integral to deliver additional liquidity and higher performance
Moscow Exchange began cooperating with Integral, a leading technology provider for the foreign exchange market, to deliver access to global FX liquidity for MOEX’s customers and FX liquidity from MOEX to the Integral network.
Igor Marich, Managing Director of the Money and Derivatives Markets at Moscow Exchange, said:
"Our cooperation with Integral will facilitate access to global FX liquidity for MOEX’s clients, allowing them to keep our regular infrastructure interfaces, benefits and comfort of the central counterparty service as well as low costs. We are confident that the cutting-edge IT solutions offered by Integral will bring additional liquidity for our existing and future customers."
Harpal Sandhu, CEO of Integral, said:
"We’re thrilled to partner with MOEX. They are the dominant exchange in the Russian FX market, and by using the Integral platform, they will be able to offer the best aggregation and deepest liquidity to their clients. MOEX will also become a price provider to the Integral network, thereby further enriching the liquidity in OCX."
About Moscow Exchange
Moscow Exchange (MOEX) is the largest exchange group across Russia and Eastern Europe by trading volume 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 center 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 – as well as the National Clearing Centre, which performs the function of central counterparty.
MOEX’s FX Market offers trading in US Dollar, Euro, Chinese Yuan, Hong Kong Dollar, British Pound, Swiss Franc, Belarus Rouble and Kazakhstan Tenge with the Russian Rouble as the base currency. The average daily trading volume is approximately USD 24 bn. Market data from the FX Market is used to calculate MOEX USD/RUB FX FIXING, which meets Russian and international (IOSCO) regulatory standards.
Integral is a financial technology company that helps its customers – banks, brokers, and asset managers—outperform their competition in the foreign exchange market through innovative solutions for workflow management and advanced execution. This powerful cloud-based platform is the industry’s only answer for FX institutions that want to design and deliver complete solutions tailored to their businesses. Integral’s modern approach of addressing the entire FX lifecycle with an intelligent platform allows its customers to achieve the lowest transaction costs, greatest operational efficiency, and highest yield. Founded in 1993, Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. Additional information is available at https://www.integral.com