Otkritie Capital Obtains Clearing Membership with MOEX’s FX Market

[kreslik.news]

UK-based Otkritie Capital International Ltd, which provides electronic trading and execution across several asset classes, has joined Moscow Exchange, Russia’s biggest trading market, as the first international individual clearing member, according to a MOEX statement.

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By joining the Moscow Exchange as a clearing firm, Otkritie Capital is able to provide clients with access to higher liquidity, with tighter spreads than they get via offshore platforms.

Per MOEX’s regulation, this type of membership implies the separation of trading and clearing memberships to allow foreign financial institutions ... (read more)