BT Radianz Cloud community members will be offered direct market access to the Russian market through a connection to ING Banks brokerage, cash management, custodian and other investor services in Russia.
The 15,400 members will be able to access local stock exchanges Moscow Interbank Currency Exchange (MICEX) and Russian Trading Systems (RTS) for real-time pre-trade risk monitoring, high-speed order entry, co-location, trading multiple asset classes and ING custodian and cash management services. ING is a member of MICEX and RTS.
Tom Regent, president, BT Global Banking and Financial Markets, said: Foreign investors are increasingly interested in Russia as a growth market, so adding INGs investor services to the BT Radianz Cloud opens yet another gateway for them to access Russian markets. We are positive that the improved investor access to a diversity of financial products within Russian markets will benefit the broader BT Radianz community.
Stanislav Yarushevichus, deputy head of Financial Markets, head of Trading Department, ING, said: ING Bank in Russia is paying close attention to developing its brokerage business for international investors, providing a wide range of Russian rouble instruments, cash management solutions and securities services. As it supports the worlds largest secure networked financial services community, BT Radianz Cloud is the ideal eco-system for ING Bank to offer our services to a larger pool of global investors interested in trading on Russian markets.
ING joined the BT Radianz Cloud community in May 2011and had already processed 2,150,482 orders by mid-September which resulted in 228,736 trades with a total volume of over 21 billion roubles.
Through its BT parent, BT Radianz Cloud has Moscow-based experts serving local and foreign multinational clients from the financial services industry as well as other sectors. Russias largest stock exchanges and leading business news outlets – including RTS, MICEX and RIA Novosti – have been members of the community since 2010.
(JDC)