Russia Hits 1st Base in Move to Become Global Financial Hub - Welcomes First Foreign Bank to Trade FX
Friday,08/02/2013|00:59GMTby
Adil Siddiqui
The former Soviet Union has been paving its way to economic glory and positioning itself as a financial centre for the CIS region. Russia, part of the up and coming BRICS is one of the largest global economies. The 140 million plus populated nation has granted, BPS-Sberbank of Belarus authority to trade in Russia's thriving FX markets. The move highlights the massive growth opportunities for Russia to be a leading financial centre for its neighbouring countries.
According to Belarus's state news agency and confirmation on the BPS-Sberbank website that it is a member of MICEX FX trading, the Belarusian bank is the first foreign bank to gain access to Russia's FX market. Russia shares a special economic relations with Belarus under The Eurasian Economic Commission, the main objective is to provide the ECE conditions of functioning and development of the Customs Union and the Common Economic Space, as well as the development of proposals for the further development of integration.
“We hope that our participation in the FX Market of Moscow Exchange will give an additional impetus to trading the Belarusian ruble in Moscow and raising its share in the total volume of trades,” said the Deputy Chairperson of the Board of BPS-Sberbank Alla Dubenetskaya.
The Rouble is fast becoming a significant currency pair in international trade as Russia extends its trading partners. The rouble trades both in Russia and offshore in London, the worlds financial capital. London has been the destination of choice for Russian firms looking to go public as it offers improved listing conditions and greater Liquidity , London Leads Russia in regards to the volume in Russian equities.
The merger between MICEX & RTS, the country's two exchanges, boosted the duet to join the ten largest global exchanges, daily trade volume on MICEX is around $15 billion in equities and indices.
Investors can trade a variety of securities and derivatives on Moscow exchange. Currency futures are popular exchange traded products, the bourse offers 7 currency pairs including; USD/RUB, EUR/RUB, EUR/USD, CNY/RUB, UAH/RUB, BYR/RUB and KZT/RUB. The daily average trade volume in FX on MICEX is $12 billion.
The Russian Rouble is currently trading at 30.26 against the greenback, the USD/RUB spreads are around 5 pips as quoted on Tradenext’s iTrader platform.
BPS-Sberbank entrance to the Russian FX market is a positive sign as Russia aims to develop Moscow's reliance on Rouble trades.
MICEX is planning an IPO worth around $500 million.
The former Soviet Union has been paving its way to economic glory and positioning itself as a financial centre for the CIS region. Russia, part of the up and coming BRICS is one of the largest global economies. The 140 million plus populated nation has granted, BPS-Sberbank of Belarus authority to trade in Russia's thriving FX markets. The move highlights the massive growth opportunities for Russia to be a leading financial centre for its neighbouring countries.
According to Belarus's state news agency and confirmation on the BPS-Sberbank website that it is a member of MICEX FX trading, the Belarusian bank is the first foreign bank to gain access to Russia's FX market. Russia shares a special economic relations with Belarus under The Eurasian Economic Commission, the main objective is to provide the ECE conditions of functioning and development of the Customs Union and the Common Economic Space, as well as the development of proposals for the further development of integration.
“We hope that our participation in the FX Market of Moscow Exchange will give an additional impetus to trading the Belarusian ruble in Moscow and raising its share in the total volume of trades,” said the Deputy Chairperson of the Board of BPS-Sberbank Alla Dubenetskaya.
The Rouble is fast becoming a significant currency pair in international trade as Russia extends its trading partners. The rouble trades both in Russia and offshore in London, the worlds financial capital. London has been the destination of choice for Russian firms looking to go public as it offers improved listing conditions and greater Liquidity , London Leads Russia in regards to the volume in Russian equities.
The merger between MICEX & RTS, the country's two exchanges, boosted the duet to join the ten largest global exchanges, daily trade volume on MICEX is around $15 billion in equities and indices.
Investors can trade a variety of securities and derivatives on Moscow exchange. Currency futures are popular exchange traded products, the bourse offers 7 currency pairs including; USD/RUB, EUR/RUB, EUR/USD, CNY/RUB, UAH/RUB, BYR/RUB and KZT/RUB. The daily average trade volume in FX on MICEX is $12 billion.
The Russian Rouble is currently trading at 30.26 against the greenback, the USD/RUB spreads are around 5 pips as quoted on Tradenext’s iTrader platform.
BPS-Sberbank entrance to the Russian FX market is a positive sign as Russia aims to develop Moscow's reliance on Rouble trades.
MICEX is planning an IPO worth around $500 million.
Top Global Banks Flock to CLSNet FX Platform as Settlement Risk Fears Mount
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- First-hand account of how global brokers balance consistency and local flavour
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Speakers:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
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-How can the FCA balance greater flexibility with consumer protection?
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-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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