27 July 2017
visit www.finastra.com

Moscow Exchange establishes taskforce to promote alogrithmic trading

28 February 2014  |  1270 views  |  0 Source: Moscow Exchange

At a meeting held 26 February the Exchange Council, a consultative and advisory body of Moscow Exchange, approved the Exchange"s priority projects for 2014 and took the decision to create a working group to promote algorithmic trading in Russia.

The Exchange Council recommended that Moscow Exchange"s Supervisory Board this year prioritise developing a unified collateral and margining system for the Exchange"s markets and create a single trading and clearing platform for all markets.

It also decided to establish a taskforce to promote algorithmic trading on the Exchange, comprising representatives of the Exchange and brokerage firms as well as algorithmic trading specialists. Sergey Romanchuk, Head of Metallinvestbank"s Dealing Centre, is to lead the taskforce.

The Exchange Council also recommended that Moscow Exchange"s Eхecutive Board make adjustments to tariffs on the Securities Market, specifically to cancel rebates for intrabroker trades which are booked as a part of a broker"s obligations as a market maker.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.www.fisglobal.comdownload the paper now

Who is commenting?

A Finextra member Finextra Member Commented on: Personal Finance bot C...
A Finextra member Finextra Member Commented on: US firm to implant emp...
A Finextra member Finextra Member Commented on: US firm to implant emp...

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
11015 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
10480 views comments | 10 tweets | 6 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
9982 views comments | 7 tweets | 21 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
9928 views comments | 29 tweets | 29 linkedin
US firm to implant employees with RFID chipsUS firm to implant employees with RFID chi...
8637 views 16 comments | 31 tweets | 38 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job