Tag: Sova Capital

The FCA
March 04, 2022 BY Steffy Bogdanova

Russian-owned UK broker Sova Capital enters special administration

UK Financial Conduct Authority (FCA), which regulates Sova Capital, said that the court had appointed Teneo as special administrators and would start assessing client money and custody assets. The FCA said: The Special Administrators will write to the firm’s clients with their proposals for the Special Administration within 8 weeks of appointment, this will include…

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moex moscow exchange
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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Roman Avdeev Sova Capital prime broker
February 27, 2018 BY LeapRate Staff

Roman Avdeev completes takeover of FCA regulated prime broker Otkritie, now called Sova

FCA-regulated multi-asset prime-broker Otkritie Capital International Ltd (OCIL), which has offices in London and Moscow, has announced that after receiving all the necessary legal and regulatory approvals, full legal ownership and control of the company has now fully transferred to the new owner, Despacio Associates Ltd, a wholly owned subsidiary of the “Concern ROSSIUM” group.…

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