BCS granted FCA authorisation


BCS granted FCA authorisation

http://www.automatedtrader.net/news/at/142921/bcs-granted-fca-authorisation

Roman Lokhov, CEO, Global Markets and Investment Banking, BCS Financial Group

Roman Lokhov, CEO, Global Markets and Investment Banking, BCS Financial Group

“We are delighted to have reached this important milestone in our global business development.”

London – BCS Prime Brokerage, an independent Russian financial institution, has been granted UK regulatory authorisation by the Financial Conduct Authority (FCA), to deal and advise on investments and hold client assets, this marks the official launch of its international brokerage business.

BCS Financial Group ranks first in terms of equity and derivatives and second for FX volumes traded on the Moscow Exchange. It is now building out its institutional coverage across Europe.

Operating under the trading name BCS Financial Group, BCS has been in London since 2012. BCS has made a wave of key hires to support this core business launch. Executive Directors include Rizwan Kayani and Joseph Dayan, formerly of Renaissance Capital and Unicredit respectively. They are supported by Non-Executive Director John Barker, the former CEO of Liquidnet Europe and Chief Regulatory Officer, Wendy Langridge. The management team also includes Tim Bevan and Luis Saenz, formerly of Otkritie Capital. The London business will continue to increase its headcount and market share over the next 12 to 18 months.

Joseph Dayan, Executive Director and Head of Markets commented: “BCS is committed to building a robust and transparent European business which can provide clients with both cost effective and efficient execution, as well as insightful and quantitative research. All members of the team have been hand-picked to maximize our skill set and we are confident that we can deliver a premium service to our global clients.”

Roman Lokhov, CEO, Global Markets and Investment Banking, BCS Financial Group added: “We are delighted to have reached this important milestone in our global business development. In launching our European operation, BCS Financial Group is able to expand its product offering and is well positioned to take advantage of the increased transparency and structural changes occurring in the Russian market, for the benefit of its institutional investors.”

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EBRD helps Russia save energy [EBRD – News and events]


EBRD helps Russia save energy [EBRD – News and events].

SmartStream partner with Alliance Factors to further support the Russian market


SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a partnership with Alliance Factors, a financial services solutions provider and SWIFT service bureau, based in Russia – to meet the demands of a growing client base in the region.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/11/smartstream-partner-with-alliance-factors-to-further-support-the-russian-market.html June 15, 2013 at 07:33PM

Clearstream introduces DVP settlement solution in Russia


Clearstream introduces DVP settlement solution in Russia

http://www.atmonitor.co.uk/news/newsview.aspx?title=clearstream-introduces-dvp-settlement-solution-in-russia

Published on   May 30, 2013

As momentum continues in the reform of Russia’s capital markets, Clearstream is keeping pace and is supporting the set-up of an effective settlement framework by delivering its improved settlement solution and introducing municipal bonds via its direct link to the new Russian Central Securities Depository (CSD), the National Settlement Depository (NSD).

This week, Clearstream goes live with its new delivery versus payment (DVP) settlement solution – the market’s preferred settlement choice since it is more efficient, more secure and offers more real time settlement compared to the free of payment (FOP) option. For DVP settlement, a clear link is established between a securities transfer system and a funds transfer system that ensures delivery occurs only as and when payment occurs. This move by Clearstream is helping to pioneer a shift within the market from its current system of settling in cash batches, to a system which is closer to real-time settlement. The extent to which real-time securities settlement becomes a real possibility will still depend on the decision by Russian market participants to move away from the batch system for local cash transfers.

Clearstream this week also introduces Russian municipal and regional bonds for settlement via the NSD and extends settlement deadlines for its free of payment (FOP) settlement service by several hours (from 13:55 to 17:20 CET summer time). These steps reflect good pace in Clearstream’s – and the wider market’s – settlement and custody services development since the establishment of the NSD as CSD for Russia at the end of last year. As a next milestone, Clearstream plans to introduce settlement for Russian corporate bonds and to enhance its access model for Russian equities as soon as local legislation allows for this.

Jeffrey Tessler, Chief Executive Officer of Clearstream, said: “I am delighted we keep developing and enhancing our settlement and custody services in the Russian market. Our new delivery versus payment settlement solution is an exciting milestone as it helps pave the way for the Russian market to move more towards a real time settlement environment, keeping up with other capital markets around the world as part of Russia’s capital market reform.”

Eddie Astanin, Chairman of the Executive Board, National Settlement Depository, commented: “Switching to delivery versus payment (DVP) using the link between the National Settlement Depository and Clearstream will create additional opportunities for foreign investors who conduct transactions with Russian fixed income instruments. We are happy to see a high rate of technological development of Clearstream’s link, which in turn is contributing to the development of the national infrastructure and, as a consequence, makes the Russian financial market more attractive and competitive.”

Clearstream’s services in Russia

Clearstream offers a comprehensive service taking full advantage of the new Russian securities law and market infrastructures refocus, including custody and settlement for the following instruments:

Equities – held in omnibus form via Clearstream’s local agent bank Deutsche Bank Moscow’s link with the NSD and deliverable free of payment (FOP) in the local market;

OFZ bonds and municipal bonds – held in omnibus form via Clearstream’s own direct link with the NSD;

Delivery versus payment (DVP) multicurrency settlement against all Clearstream Banking Luxembourg and Clearstream Banking Frankfurt international central securities depository customers;

Delivery versus payment (DVP) settlement against all NSD counterparties in Russian rubles for OFZ bonds and municipal bonds.

OtkritieSecurities Ltd. successfully launches FIX2LSE solution from ARQA Technologies


OtkritieSecurities Ltd. successfully launches FIX2LSE solution from ARQA Technologies

Published on   May 30, 2013

http://www.atmonitor.co.uk/news/newsview.aspx?title=otkritiesecurities-ltd-successfully-launches-fix2lse-solution-from-arqa-technologies
logo
TheFIX2LSE product developed by ARQA Technologies has gone live after it was implemented and successfully launched by Otkritie Securities Limited(OSL).

The solution was developed on the basis of the London Stock Exchange’s Native Trading Gateway. It was certified by the exchange at the end of last year. The FIX2LSE solution is currently the fastest in the developer’s range of similar products(FIX2Markets). Along with all of the products in the range,FIX2LSE may be used for direct sponsored access of external software suites to exchange trading platforms. Another attractive feature of this solution is that itemploys fast pre-trade checksdeveloped inQUIK(for application of real-time pre-trade checks QUIK software is employedasa risk server.)Using this feature allows traders to save up to 50 ?son pre-trade checkspreserving access to all of the prime-brokerage services provided by Otkritie Securities Limited.

This solution is especially important for OSL as a UK broker regulated by the FCA. The European Securities and Markets Authority (ESMA) puts a lot of regulatory pressure on DMA brokers all over the EEA. Mandatory pre-trade checks are one of their requirements. FIX2LSE is a good solution that isboth fast and ESMA compliant.

Sergey Sinkevich, Head of DMA at Otkritie Capital, said: “We are delighted to have implemented such an innovative producton our trading floor. The unique features of this solution will ensure that OSL continues to lead the market”.

Vladimir Kurlyandchik, Director of Business Development of ARQA Technologies, said: “We are pleased to see our efforts bringing value to our clients. Rapid solutions backed up by sound risk control provide a shortcut to successful trading”.

Otkritie Securities Goes Live With Calypso Technology : Leading Russian Financial Institution Rolls Out Calypso In Front And Back Office For Repo And Securities Lending And Borrowing (SLB) Trading


Calypso Technology Inc.

via Pocket http://www.mondovisione.com/media-and-resources/news/otkritie-securities-goes-live-with-calypso-technology-leading-russian-financi/ April 26, 2013 at 02:51PM

Russia’s Main Exchange Plans To Develop Gold Bullion Market -CEO


Russia’s main exchange operator aims to harness the country’s resource riches as the company bids for a position among the global exchange elite, according to its chief executive.

via Pocket http://www.foxbusiness.com/news/2013/04/19/russia-main-exchange-plans-to-develop-gold-bullion-market-ceo/ April 19, 2013 at 06:35PM

ICMA publishes new legal documentation in support of Russian repo market


The International Capital Market Association (ICMA), the leading trade body for the international debt capital markets, has today published a legal opinion on the enforceability and validity of the Global Master Repurchase Agreement (GMRA) in Russia.

via Pocket http://www.bobsguide.com//guide/news/2013/Feb/20/icma-publishes-new-legal-documentation-in-support-of-russian-repo-market.html February 24, 2013 at 02:13PM

BCS’ Prime Brokerage Division Selects S&P Capital IQ’s QuantHouse Operation for Advanced Trading…


QuantHouse, S&P Capital IQ’s Real Time operation and the global provider of next generation trading solutions, has partnered with the European arm of leading Russian financial institution BCS Financial Group (‘BCS’), to launch low latency market data for MICEX-RTS – Russia’s main equity m

via Pocket http://www.bobsguide.com//guide/news/2013/Feb/18/bcs-prime-brokerage-division-selects-sp-capital-iqs-quanthouse-operation-for-advanced-trading-technologies-to-hedge-fund-clients.html February 19, 2013 at 04:54PM

Deutsche Börse Group : Deutsche Börse Group


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via Pocket http://deutsche-boerse.com/dbg/dispatch/en/notescontent/dbg_nav/home/INTEGRATE/mr_pressreleases?notesDoc=408DD6A40AFD823CC1257B11004324C0&newstitle=clearstreamsdirectlinktorussia&location=home February 14, 2013 at 09:14PM

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