24.06.2019 15:52

MOEX expands trading access to Russian stocks with Interactive Brokers

Moscow Exchange (MOEX) today announces that Interactive Brokers Group (IEX: IBKR), a global electronic broker, now has trading access to MOEX via AO Raiffeisenbank, which holds a Russian broker licence. The ability to trade directly on MOEX outside of Russia but through a local broker has been made possible thanks to MOEX’s Sponsored Market Access (SMA) model, low latency, and fully redundant global point of presence (PoP) architecture. Trading in MOEX-listed stocks on Interactive Brokers will initially be available to Russian residents.

Igor Marich, Managing Director of Money and Derivatives Markets at MOEX explains that "SMA meets all Russian regulatory requirements and gives traders easier access to all of MOEX’s markets including Equities, Fixed Income, Derivatives, FX and Money Markets. By hosting the broker’s risk parameters centrally, MOEX does away with the need to build expensive and latency-adding systems. MOEX’s POP offering has been enhanced by the inclusion of Avelacom as well as ICE, so there are now PoPs globally – in London, Frankfurt and the USA as well as countries such as in India and China."

Nikita Patrakhin, Head of Corporate and Investment Banking Directorate, Board Member of AO Raffeisenbank says "We are glad to welcome Interactive Brokers as one of the largest online brokers to our family of global international prime-brokerage customers who have chosen AO Raiffeisenbank as their strategic partner for the Russian financial markets.  As part of Austrian-based Raiffeisen Bank International AG Group we strive to bring the highest service standards and best customer experience to all types of International Financial Institutions looking for direct trading access to Moscow Exchange’s markets."

"Interactive Brokers aims to provide clients with unparalleled access to the world’s financial markets," said Steve Sanders, executive vice president of marketing and product development at Interactive Brokers. "With our advanced technology and global reach, we can offer direct market access to both large and small markets efficiently and cost effectively and provide clients with a broad range of products."

Interactive Brokers serves more than 639,000 clients worldwide and operates on more than 125 exchanges in 31 countries. The company enables clients to fund their account in 24 currencies and trade assets from a single account in multiple currencies, including the Russian Ruble.

About Moscow Exchange

Moscow Exchange Group operates Russia’s main trading platform for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes the central securities depository (National Settlement Depository), and a clearing center (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to offer its clients the full spectrum of trading and post-trading services.

Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups – MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes named Moscow Exchange. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX).

About Interactive Brokers Group, Inc.

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron's Best Online Brokers review, February 25, 2019. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments.

About AO Raiffeisenbank 

AO Raiffeisenbank is a Russian subsidiary of the Austrian-based Raiffeisen Bank International AG (100% ownership) offering full range of prime-brokerage services and electronic direct access to all Russian markets on MOEX to International and Local Institutional clients. The trading product range includes all available asset classes: equities, bonds, REPO, FX, Swaps and derivatives – and is coupled with competitive Global Markets solutions in Capital Markets, Custody and Cash Management areas.  

Strong technological expertise and highly developed IT infrastructure allows AO Raiffeisenbank to provide trading via both SMA and DMA and a range of connectivity options from co-lo; our own PoPs and those of MOEX to all client types (Banks, Brokers, Asset Managers, Hedge Funds, HFTS). 

AO Raiffeisenbank is a universal and systemically important bank in Russia  (in top 10 by assets) covering retail, corporate and institutional clients worldwide. The Bank has the highest rating in Russia (Baa3  by Moody’s, BBB- by Fitch).

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