BCS Financial Group, a leading financial entity across Russian markets, has announced a new partnership with Orc Group in an initiative to trade Russian financial instruments on the Moscow Exchange (MoEx) and the London Stock Exchange (LSE), according to a BCS statement.
The new accord between the two groups is an attempt to access a burgeoning market in Russia that has shown a notable propensity for growth in recent years, namely across forex – indeed, forex volumes on the MoEx soared in March and are operating near all time highs.
According to Audrey Faveeuw, Director, Intl. Prime Brokerage Sales at BCS in a statement on the partnership, “international investors increasingly want access to the Russian markets and expect the highest standard of trading infrastructure. This partnership with Orc is ideal for our clients as it includes BCS’s Russian deep market knowledge and Orc’s leading trading technology and electronic execution solutions.”
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As such, the move effectively consolidates international investors from a variety of regions, providing the ability to trade securities and derivatives, with additional provisions being eyed in the future for fx capabilities. While both groups deal extensively with these fx and derivatives as a constituent of their business, the partnership will yield immediate returns particularly for Orc users, who now gain access to Russian markets on competitive terms.
“We are excited about this new offering, which complements our already existing Russian connectivity solutions. By working with BCS, a leading Russian broker, Orc is now well positioned to deliver on a growing business demand, whilst strengthening our market access offering,” added Martin Nilsson, Head of Product Management at Orc Group AB in an accompanying statement.