20 October 2017
visit www.avoka.com

Otkritie Securities and CQG to offer electronic trading on Forts

02 October 2009  |  1872 views  |  0 Source: CQG

Otkritie Securities Ltd (OSL) today announced that it now offers its clients the ability to trade futures contracts on FORTS (the Futures and Options on RTS Derivatives Market) directly through the CQG trading platform. It is the first UK broker to offer Direct Market Access to FORTS via CQG.

Until now, OSL clients wanting to trade FORTS contracts have placed orders via the QUIK trading system or by means of FIX Protocol integrations. The addition of CQG as a trading platform for FORTS brings two new features into OSL's offering:
· clients can now hold collateral (for trading on FORTS) in US dollars and not just in Russian rubles;
· clients can now trade on FORTS from a unified multi-market derivative account with simultaneous access to FORTS, CME, EUREX, ICE Futures US (NYBOT), ICE Futures Europe, NYSE Euronext and other global derivative exchanges.
An additional benefit of the CQG trading platform for international investors interested in trading at FORTS in Russia is the ability to deal directly with a UK-based FSA-regulated agency broker. Investors do not need to build a direct relationship with Russian domestic brokers, which requires lengthy compliance and legal procedures as well as holding collateral in Russian rubles for trading at FORTS.
Evgeny Kuteev, Head of Exchange Traded Derivatives at OSL in London, said, "We are delighted to be able to offer this new service to our international clients. The CQG electronic platform at OSL allows global traders to gain direct market access to Russian financial and commodity derivatives and to implement effective arbitrage strategies."
Mike Glista, Director of Order Routing at CQG, said, "We are very pleased with our advancements with OSL. OSL is the first of three clearing relationships in the Russian market and one of forty-six worldwide FCM partnerships. The additional trade routing coverage is a great opportunity for traders requiring managed DMA access to FORTS."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15902 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9007 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8138 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7182 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6327 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job