Denver, April 26, 2016 – CQG, a global provider of high-performance trade routing, reliable market data, and advanced technical analysis, announced today that it has expanded its connection with Moscow Exchange (MOEX), the leading exchange in Russia, to now provide equities and FX trading via CQG’s API division, Continuum.
This solution enables customers using CQG products to trade equities and FX on MOEX. CQG has been a partner of MOEX since 1998, previously providing customer access to MOEX’s derivatives markets.
“MOEX is an important venue for our clients who seek to access diverse global markets,” said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. “We are pleased to expand our relationship in order to offer our customers more trading opportunities in the Russian markets.”
MOEX is among the top 30 leading stock exchanges worldwide. It plays host to the most active derivative contract in the world by number of contracts, the USD/RUB future (FIA 2015 data), and in the FX cash market the USD/RUB pair is the largest FX instrument. These two products combined trade 25 billion USD to 30 billion USD every day.
“CQG is recognized as one of the premier trading systems in the global landscape,” said Tom O’Brien, Head of International Sales, MOEX. “Moscow Exchange is a multi-asset venue where equities, cash FX, swaps and commodities are all traded and we understand the importance that CQG brings to basis trading, curve trading and basket trading in MOEX’s markets. We are pleased that traders can now benefit and develop their trading opportunities via CQG’s suite of trading tools and effectively use them to trade all of our world-class markets – equities and FX cash as well as derivatives.”
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Moscow Exchange Group manages the sole multifunctional exchange platform in Russia for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes the central depository (National Settlement Depository), and a clearing centre (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to render the full spectrum of trading and post-trading services to its clients.
Moscow Exchange ranks among the world's top 25 exchanges by total volume of equities traded, and also among the 10 largest exchange platforms by bonds and derivatives trading. As of 1 March 2015 securities of 727 issuers are admitted to trading on the Equities and Bond market of Moscow Exchange, including securities of the largest Russian companies by market capitalization.
Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups - MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes, which was reorganized into an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX).