Citi Clients to Get DMA and Algos Trading in Moscow
The exchange has migrated to T+2 trade settlement and has established central clearing as well as a centralized trade depository, opening itself up for DMA.
"The exchange has recently introduced a series of structural enhancements which have significantly improved the trading and settlement process in this market," says Andrew Thompson, Citi's EMEA head of equities. "We have been thoroughly preparing our platform for these changes and are pleased to be one of the first brokers to offer electronic trading on this venue to clients."
Citi Russia has fully-fledged local investment banking capabilities as well as integrated equity brokerage operations. ZAO Citibank was one of the first banks with foreign capital to enter the Russian market back in 1992.
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