Bank of America Enter Moscow Exchange FX Market.
By Sums on Saturday,
Bank of America, (BANA) National Association is join Moscow Forex Market Exchange as a clearing firm. Bank of America Enter Moscow Exchange FX Market it’s becomes the first global of bank to clear on that Enter Moscow Exchange’s FX Market.
In January 2016, BANA is expected to sign other documents and start the active business operations. It will trade through Merrill Lynch Securities, that a trading company in Moscow prevailing Exchange. Actually It will dealings via Merrill Lynch Securities, it’s a trading company existing in Moscow Exchange. Moscow Exchange start offering general clearing membership for FX Market that participants from 1st December 2014. This type of membership involves the separation of trading and this clearing memberships to allow Russian and foreign financial institutions to provide clearing services to trading firms and other Russian and foreign banks, companies and individuals operating on the Moscow Exchange’s FX Market.
About Moscow Exchange :
Moscow Exchange provides comprehensive and convenient to the Russian financial markets. Exchange markets offer customers commercial opportunities through a diversified range of asset classes all services combined with post negotiation best in its class. Now Moscow Exchange is the main price discovery centre for Russian instruments and liquidity.
Source: moex .