Tuesday January 9 2024
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Russia
Moscow Exchange (MOEX) announced that the users of Trade Radar application will have the opportunity to submit targeted orders on the foreign exchange market of the Moscow Exchange.
The new functionality allows user, based on electronic documents (tickets) generated as a result of negotiations in the desktop application of the Trade Radar terminal (MOEX Dealing), to send a request to search for a counterparty for a targeted transaction and submit an application for it.
The Trade Radar terminal ensures confidentiality, reliability and authenticity of negotiations through the use of solutions and infrastructure of the Moscow Exchange, and also fully complies with regulatory requirements for the protection of information when carrying out financial transactions.
The trading functionality of Trade Radar provides banks, brokers, corporations and other participants in financial markets with the opportunity to enter into transactions in the over-the-counter market with various assets. Clients can negotiate the terms and record the status of deposit transactions, over-the-counter spot and swap transactions in currencies, as well as purchase and sale transactions and repo transactions in securities.
The Moscow Exchange acts as the administrator of the service, identifies participants and ensures storage of protocols of user conversations, which increases the reliability and convenience of the service. It is possible to export transaction data to internal systems of organizations using the FIX protocol.
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