Moscow Exchange takes global standards to Russian FX by joining FIX

Following last year’s rebranding of FIX Protocol to FIX Trading Community in order to keep pace with the requirements of institutional FX requirements as it expanded into the buy-side space, and assist in generating a standardized methodology for all aspects, a great many industry leaders in North America have committed their time to advisory positions within the organization. Today, however, Russian executing venue Moscow Exchange (MOEX) has joined the FIX Trading Community.

MOEX has taken many steps recently to gain its place on the world stage, including having undertaken strategic partnerships with international firms, as well as connect an international audience to its facilities via TMX Atrium’s point-to-point connectivity in order that trading desks in London, Frankfurt, New York and Chicago can gain low-latency reliable access to ruble liquidity.

Currently, MOEX manages the sole exchange platform in Russia for equities, bonds, derivatives, FX, money market instruments and commodities. As the heart of Russia’s financial infrastructure and the main marketplace for Russian assets and issuers, the Exchange provides Russian and foreign investors with safe and effective access to the Russian market.

MOEX offers accessible trading technology coupled with robust clearing and settlement infrastructure, and continues to introduce new technologies and services to improve reliability and security and bring the market into line with peers among global top-tier bourses. The Exchange aims to be competitive internationally by improving the efficiency of market infrastructure and offering an expanded product range and ever-deeper liquidity.

According to the venue, MOEX has a distinct interest in building open, trust-based relations with all counterparties, which include global investment banks, international brokerages, leading financial corporations and private traders. The presence of all categories of market participants, coupled with a broad product range, means that the Exchange can continue to develop its markets and contribute to Russia’s further financial and economic growth.

Bernie Simon, Member Relations Manager of the FIX Trading Community in London, said: “We welcome Moscow Exchange as new Global Premier member and look forward to its active involvement in the Community’s working groups and committees”.

Tom O’Brien, Head of International Sales at MOEX, said: “The Moscow Exchange is honoured to be a Global Premier Member of the FIX Trading Community. We see the use of the FIX protocol as a cornerstone of our efforts to reach out to the global trading community across all our asset classes”.

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Moscow Exchange takes global standards to Russian FX by joining FIX


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