Integral Development, a leading provider of FX trading solutions and services, and Micex-RTS, a leading Russian exchange, announced today thatits customers can now access Micex Ruble liquidity via FX Cloud.
Participants on Integral's FX Grid®, a global inter-institutional connectivity and trading network, linking ECNs and market making banks to FX market participants, can immediately access all currency pairs and tenors available from MICEX with no need to build an adapter or wait for a leased line to be put in place. Integral's customers on FX Grid will benefit from this seamless integration by gaining access to one of the fastest growing emerging markets in FX.
"Russia is becoming more and more important to FX market participants around the world and MICEX-RTS is at the center of this rise," said Harpal Sandhu, CEO, Integral Development Corp.
"Our connection to MICEX-RTS is an important milestone in our quest to provide Full Market Access to our customers. Like all of our services, it is a service delivered in the cloud. Participants on FX Grid simply sign up for it and are instantly connected to this leading exchange in Russia."
"We are excited that our clients have gained additionalbusiness opportunities through this connection to the FX market" said Igor Marich, Head of FX & Money Market, Managing Director at MICEX-RTS. "The Exchange continues to make significant efforts,together with our market participants, to attract new clients by offering them easy access to all instruments and liquidity of our FX market through MICEX-RTS members. We strongly believe, that Integral facilitating access to the FX market on MICEX-RTS Exchange, will greatly contribute to the further development of the market."