Fintech infrastructure solutions provider Broadway Technology and Moscow Exchange have announced that Broadway Technology has begun offering its clients access to Moscow Exchange’s FX Market.
Broadway Technology customers can now trade FX instruments on MOEX via Sponsored Market Access (SMA) and receive MOEX Market Data. Broadway’s solutions have been certified by Moscow Exchange, and its MOEX adaptors are now available to Broadway’s global client base, including over 20 of the world’s largest banks and hedge funds.
Technical solutions for accessing MOEX’s services have previously been launched by IHS Markit, FluentTech and MarketFactory.
The MOEX FX Market, the world’s largest liquidity center for the Russian Ruble, offers trading in US Dollar, Euro, Chinese Yuan, Hong Kong Dollar, British Pound, Swiss Franc, Belarus Ruble and Kazakhstan Tenge. Its market data is used to calculate MOEX USD/RUB FX fixing that meets Russian and international (IOSCO) regulatory standards. In 2017, MOEX FX average daily trading volume was USD billion. MOEX provides its clients with network connectivity from leading financial centres across the globe including London, Chicago, New York and Frankfurt.
