Otkritie, one of the largest financial groups and leading providers of high frequency trading solutions in Russia, has partnered with Marco Polo Capital Markets (MPCM) to provide clients with an interface to an extensive family of local emerging market and global brokers, as well as the institutional investor community.
MPCM, a leading broker neutral multi-asset class electronic platform, allows global investors to trade in emerging and frontier markets.
The OTKRITIE connection went live at the beginning of March. While OTKRITIE maintains a technology neutral platform and multiple connectivity options, joining the MPCM network makes strong strategic sense given MPCM's emerging market focus and broad customer base.
OTKRITIE offers the MPCM network a highly effective destination broker in Russia with strong execution capabilities for equities and derivatives quoted on the RTS and MICEX exchanges, as well as for Russian depositary receipts listed on the London Stock Exchange, EDX London and Deutsche Börse. OTKRITIE's clients will be able to buy and sell single-stock futures or hedge their investments with RTS index and currency futures on FORTS in Russia.
Nils Jahn, OTKRITIE's Managing Director of Global Electronic Trading, comments: "Joining the MPCM network gives OTKRITIE access to a global platform reaching over 90 capital markets on which it can distribute its powerful execution capabilities in the broadest array of Russian securities. Our research strengths in Russian corporates support the needs of a fast growing community of institutional investors and traders that play Russia's equity markets."
Nigel Roberts, CEO of Marco Polo Europe, adds: "We are delighted to bring OTKRITIE into the family of Marco Polo destination brokers. We see growing interest within our network in Russian capital markets. OTKRITIE offers powerful capabilities."