MOEX Selects Integral’s Platform

Moscow Exchange (MOEX) is partnered with Integral to provide buy-side and sell-side clients in the foreign exchange (FX) markets with better access to liquidity, minimize latency issues and improve execution performance.

Integral’s platform, Open Currency Exchange (OCX) will enable MOEX clients to access a wide network of participants, a variety of FX products and multiple pricing options through the Russian exchange’s infrastructure. Igor Marich, managing director of the money and derivatives markets at MOEX, says the initial talks with Integral began a year ago as the exchange set out to extend its reach of global liquidity sources and improve availability to FX assets.

“Integral will deliver access to better liquidity, higher performance, and lower latency to MOEX customers,” says Marich. “MOEX are interested in EUR/USD and other G10 currency pairs, aggregation of its prices from TOP FX liquidity providers. We are eager to attract new liquidity sources for Russian markets and expand Russian FX markets for our clients.”

The OCX platform includes 208 currency pairs and connects with 250 liquidity sources. To improve best execution capabilities, the technology combines resting limit orders, midpoint interest, matching engines and over 3000 market making streams in New York, London, and Tokyo. “This helps to provide market participants with streamlined access to deep and diverse liquidity within a unified trading session via application programming interface or desktop,” explains to Vikas Srivastava, chief revenue officer at Integral.  “Integral will act as liquidity provider into MOEX and vice versa, allowing both trading communities to benefit from enriched liquidity while maintaining their existing trading infrastructure.”

The partnership provides Integral’s clients with access to a deep ruble liquidity pool and the Russian FX market. Srivastava says the provider is keen to expand on future opportunities with partners to diversify its liquidity sources in the FX space and build out its platform functionality.

Integral’s offering set to go live on MOEX this December.