April 02, 2019 BY Valentina Kirilova

MoEx Sova Capital becomes first international ICM

Sova Capital announced earlier today that it has become the first international Individual Clearing Member firm on the Moscow Exchange (MOEX)’s Derivatives and FX Markets. Collateral can now be held by an international entity directly at the CCP, removing the credit risk exposure to Russian clearing brokers, and has been designed with the FCA’s Client…

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