Moscow Exchange Makes Concerted Effort to Promote Algorithmic Trading Transparency

On the heels of a meeting involving the collective entities of the Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term earlier this week, a decision has been made to foster transparent multi-asset trading practices in Russia, specifically in the area of algorithmic trading, according to a Moscow Exchange statement.

Russia’s Exchange Council, which is composed of a consultative and advisory arm of the Moscow Exchange, has opted to tackle bourgeoning issues in trading integrity in 2014, an initiative it thinks would be accomplished via algorithmic trading. This advanced technology is prevalent across several asset classes already, namely Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and derivatives, and has been integrated across a number of brokerages and exchanges globally.

Algorithmic Trading Expands on Growing FX Market

In addition to this aim, the Exchange Council has also prioritized a consolidated collateral and margining system for the Moscow Exchange’s market clients, in essence melding a variety of functions and channels into one cohesive trading and clearing platform, irrespective of asset class. This represents just another goal of the Exchange, which has been particularly active in fortifying its trading and FX capabilities this year, already having reached robust levels as of late.

The body responsible for implementing these market-wide changes will ultimately fall to a newly designed task force, whose main proprietary function will be the promotion of algorithmic trading – the main engine for this new policy, which will be headed by Sergey Romanchuk, Head of Metallinvestbank's Dealing Center.