icap – supporting russia and the ruble aci russia general assembly moscow
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ICAP – Supporting Russia and the Ruble
ACI Russia General Assembly Moscow
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IEB in Russia (updated March 2010)
• EBS products in use in Russia
EBS Spot
EBS Prime Customer
EBS Prime of Prime
EBS Regional Prime
EBS Spot Ai
EBS GA
EBS Split Floor• RUB products on EBS
Spot USD/RUB (T+1)
1M RUB NDF
Spot EUR/RUB (T+1)
Basket RUB
• 20 live bank customers• 4 contracted awaiting deployment• 11 customers in contract negotiation• 11 customers have received contract packs• 40 live customers by fiscal year end 2011 (this includes the top 20 banks in Russia)
Globally 181 dealing codes have input RUB SSI into EBS
and 60 customers have dealt in EBSRUB products (incl. 13 Russian
banks)
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Ruble Product Split on EBS
Ruble Currency Pairs ADV USD (bn)
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Ruble Regional Split
Ruble Currency Pairs ADV USD (bn) – By Region
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Ruble Counterparty Growth
ADV USD (mil) and Average Counterparties
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Ruble Trading Counterparties
Maker Taker Relationships Russia v Offshore
ICAP CONFIDENTIAL 7
Ruble Currency Pairs
Ruble Currency Pairs Split
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Selected Russian Traders on EBS
Selected Russian Based Traders – Currency Split – ADV USD (mil) – Weekly
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EBS Russian Focus
• Primary emerging market focus for EMEA
• International Rouble Settlement Forum
• Central Bank
• MICEX
• BKTRUB unique to EBS platform
• EBS Global Access and Split Floor
“EBS is the only international platform pushing hard to help
globalise RUB products and expand their offering in Russia.”
Sergey Romanchuk – President, ACI Russia
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EBS – Award-winning Technology
• Best Electronic Broker 2009 - FX Week Awards
• Best Industry Trading Platform – Risk Awards
• Best OTC trading system – Financial News Awards for IT
Excellence
• Best algorithmic trading service – Financial News Awards
for IT Excellence
ICAP CONFIDENTIAL 11
Why Take EBS for RUB in Russia?
• Central Bank of Russia has EBS Spot access
• After (MICEX) hours trading
• Peer pressure
• View and trade with a diverse international trading community
• The leading spot FX OTC trading venue for ruble globally
• Highly-competitive brokerage
• Only e-trading venue in the world for BKT/RUB
• View and trade on most liquid and reliable G7 rates in the world
• Access to RUB tradable currency pairs
ICAP – Supporting Russia and the Ruble
ACI Russia General Assembly Moscow – 18th March 2010
ICAP plc2 Broadgate, London EC2M 7UR+44 (0)20 7000 5000www.icap.com