Russian financial group BCS Prime Brokerage has gained regulatory approval from the UK's Financial Conduct Authority (FCA), and is launching its international brokerage business.
The company has built out new technology for access to Russian and core global markets over the past 18 months, along with hiring a series of directors from companies such as Renaissance Capital, Unicredit, Liquidnet and rival Moscow-headquartered broker Otkritie Capital.
"BCS is committed to building a robust and transparent European business which can provide clients with both cost effective and efficient execution, as well as insightful and quantitative research," says Joseph Dayan, executive director and head of markets. "All members of the team have been hand-picked to maximize our skill set and we are confident that we can deliver a premium service to our global clients."
BCS Financial Group, its parent company, ranks first on the Moscow Exchange for equity and derivatives volumes, and second for foreign exchange volumes.
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2014
The winners of the 2nd annual Sell-Side Technology Awards 2014 were announced in New York on April 15. These awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 24 categories click here.
03 Nov 2014
18 Nov 2014
08 Dec 2014
20 Oct 2014
03 Nov 2014
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....