Do not invest more money than you can afford to lose.
Sberbank CIB, the corporate and investment banking business of Russia’s largest bank – Sberbank – announced the launch of Sberbank Markets – a multi-asset class electronic trading platform. It will provide to Sberbank CIB’s clients streamlined, automated trading, confirmation and settlement with Sberbank, as well as ease of use and low processing costs.
The trading platform will provide access to Sberbank’s forex liquidity, offer pricing of forex spot and forex derivatives with real-time quotes across major currencies. The company also plans to extend the platform to include money markets and further asset classes.
Initially Sberbank Markets will be offered to large corporations, banks and other financial institutions. Later there will be a phased roll-out to medium-sized businesses and retail clients of Sberbank’s regional branches and international clients.
“Although focused primarily on servicing major corporates and financial institutions, Sberbank CIB is fast becoming a hub offering CIB products to other client categories within Sberbank Group. In the frame of our strategy we plan to continue developing Sberbank CIB’s suite of online products, and the creation of Sberbank Markets is a key element of this approach. In future we’d like to create online products in other areas of business as well,” said Damian Bunce, head of electronic markets, managing director, global markets department.
Earlier this month Nordea – the largest financial group in the Nordic countries and the Baltic states, launched a similar trading platform, called e-Markets Nexus.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business, investment banking services, trade operations with securities, and private equity. Among its clients are major corporations, financial institutions and federal government bodies and organizations in Russia.
Sberbank is Russia’s largest bank. It holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in the country. It was founded by Russia’s central bank, which is also the principal shareholder and owns 50% of the capital plus one voting share. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries.
