Sberbank has presented a new product in London for international banks and hedge funds based in Western Europe and the United States: Direct Electronic Access (DEA) to the Moscow Exchange for Clients of Sberbank CIB (UK), the corporate web page reported.
The bank continues to enhance its product line for international clients. Starting 2019, the largest international banks and hedge funds can receive direct electronic access to the Russian equities market by connecting to Sberbank’s IT infrastructure. Key advantages of the product include its risk-free nature — clients do not hold cash or securities with a broker and contracts are signed by Sberbank CIB (UK), which is regulated by the FCA. In addition, the infrastructure can process thousands of deals a day and trading is carried out via a high-speed channel.
“We can confidently say that the largest Western investment firms and asset managers continue show interest in Russia. We have created a product that lets these clients receive the complete set of services for electronic access to the Russian market.” Andrey Shemetov, Vice President of Sberbank and Director of the Global Markets Department noted.