rub in the e-otc market
DESCRIPTION
RUB in the e-OTC market. September 2013 Darryl Hooker – Global Head of Emerging Markets. RUB Growth. 1522% increase in the average number of counterparties from Oct 2009 to Jun 2013. Average Daily Volume. 6081% increase in RUB ADV from Oct 2009 to Aug 2013. RUB onshore/offshore split. - PowerPoint PPT PresentationTRANSCRIPT
© EBS 2012 Confidential
September 2013
Darryl Hooker – Global Head of Emerging Markets
RUB in the e-OTC market
© EBS 2012 Confidential An ICAP Group Company
RUB Growth
• 6081% increase in RUB ADV from Oct 2009 to Aug 2013
Avg Number of Counterparties
Average Daily Volume
•1522% increase in the average number of counterparties from Oct 2009 to Jun 2013
© EBS 2012 Confidential An ICAP Group Company
RUB onshore/offshore splitIn June 2011, 49% of RUB volume was done offshore.
In June 2013, 80% of RUB volume was done offshore.
© EBS 2012 Confidential An ICAP Group Company
Market Share ProjectionE-OTC vs Exchange
E-OTC is now 50% of the size of the Exchange in Spot RUB products
© EBS 2012 Confidential An ICAP Group Company
• EBS connects customers in approximately 50 countries globally • Customers trade RUB on EBS in 27 of these countries.
• 60% of bank codes that have entered RUB SSIs have traded RUB
EBS’ global presence
© EBS 2012 Confidential6 An ICAP Group Company
Summary• RUB volumes have increased by 6081% on EBS since 2009.
• In August 2013, 80% of the RUB volume was traded offshore.
• In Spot RUB products, E-OTC is now 50% of the size of the Exchange.
• 40% of bank codes that have entered RUB SSIs haven’t traded RUB.
• RTGS• CLS
EBS expects the market to double and then double again on these tipping points….
© EBS 2012 Confidential
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