Unlocking the potential … CLS end of 2014? RTGS (IRSF) end of 2012? TODAY Become a recognised International Financial Centre Become a recognised G8 currency.

Slides:



Advertisements
Similar presentations
Alessandro / Jake Financial Engineering & Risk Management RISK & FIDUCIARY COMMITTEE Financial Engineering & Risk Management.
Advertisements

Name: ___________________________________ I filled _______________________’s bucket today. I filled a bucket by _________________________ _________________________________________.
Trading and Exchanges: A Course in Market Microstructure Prof. Eugene Kandel NES, September 2006.
ICAP – Supporting Russia and the Ruble ACI Russia General Assembly Moscow.
MICEX FEES Currency exchange market with using of centralized clearing 2010.
All presentation contents and graphics are Copyright © 2010 New Concept Travel Technologies LTD. All Rights Reserved. Help Desk: +(972) August.
By: Benjamin Hooker  Forex is the foreign currency market  Forex is over-the-counter  Markets are open around the clock.
© K. Cuthbertson and D. Nitzsche Figures for Chapter 4 CURRENCY FORWARDS AND FUTURES (Financial Engineering : Derivatives and Risk Management)
9 th IRSF survey Main findings. 2 Based on all answering Predicted timetable for RTGS 2013 is believed to be the most likely timetable for RTGS for Rouble.
Purchasing Power Parity (PPP) The PPP Hypothesis states that the exchange rate between two countries’ currencies equals the ratio of the currencies’ purchasing.
The Foreign Exchange Market.  Form and function of the foreign exchange market  Difference between spot and forward rates  Determinants of currency.
May What’s new 2 Combined limit Combined collateral Combined positionCombined risk management  For the participants, launch of the new Risk Management.
MICEX FX market : current conditions and prospects Igor Marich, Vice-president, MICEX Ruble Forum 2009 Moscow, 10/11/2009.
FX Aggregation Rovinj, May 2012 Johann (Hansi) Leikert
Nairobi September 26, 2014 NAIROBI SECURITIES EXCHANGE LAUNCHES NEW BOND SYSTEM.
Exchange Rates and Asset Returns – numerical example Viktória Boršodiová Viera - Anna Vahula.
Using BESP today Sergey Romanchuk, Head Of FX&MM SCB Metallinvestbank, President ACI Russia. 9 th Russian Ruble Settlement Forum, London,
Recession as explained by private sector Recession as defined in Macro- economics.
The International Financial System
Global Business 3e Chapter 7 Dealing with Foreign Exchange
©2013 Software AG. All rights reserved. Dr John Bates CTO, Software AG 12 th November 2013 Turning Market Crisis into Competitive Advantage The Clue’s.
McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
Chapter 9 The Foreign Exchange Market McGraw-Hill/Irwin Global Business Today, 4/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.
P O L I C Y On Armeconombank’s Risk Assessment. GENERAL PROVISIONS The system of execution of the bank’s risk assessment policy is drafted and implemented.
Copyright © 2001 by Harcourt, Inc. All rights reserved.1 Chapter 1: Introduction You’re into derivatives whether you like it or not. Your adjustable rate.
University of Melbourne 1 Financial Policy and Regulation: APEC Region Initiatives Kevin Davis Professor of Finance, University of Melbourne Research Director,
National Clearing Centre National Clearing Centre 2008.
International Financial Markets
Current status and development of MICEX currency market Sergey Savitsky., Vice-president of MICEX 2010 October.
A participants view of BESP Sergey Romanchuk, Deputy Head Of Treasury SCB Metallinvestbank, President ACI Russia. 7 th Russian Ruble Settlement Forum,
Chapter 9 The Foreign Exchange Market McGraw-Hill/Irwin Global Business Today, 4/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.
Irwin/McGraw-Hill Copyright  2001 The McGraw-Hill Companies, Inc. All rights reserved. FOUR PART Global Money System Part Four Global Money System.
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
International Finance 1 Foreign exchange markets  World’s largest financial market  Over the counter  “Carry trade”
London, 14Apr10National Foreign Exchange Association, Russia 1 Overview of RUB markets in 2010 Dmitry Piskulov, Ph.D. (Econ.) Member of NFEA Management.
Moscow, 11Feb10National Foreign Exchange Association, Russia 1 RUB on global markets and in Russia in 2009 Dmitry Piskulov, Ph.D. (Econ.) Chairman of the.
Moscow, 23Nov09National Foreign Exchange Association, Russia 1 RUB on global markets & in Russia in 2009: crisis effect Dmitry Piskulov, Ph.D. (Econ.)
Foreign Exchange Market. 2 Foreign Exchange Markets The market where the commodity traded is Currencies. The market where the commodity traded is Currencies.
Building relationships in the post regulation environment │International Conference: EBRD, NFEA, ISDA │ Robin Poynder, Head of FX&MM, EMEA.
Australian Office of Financial Management The Future of the Commonwealth Government Securities Market.
5-th IRSF, London, 28Apr09National Foreign Exchange Association, Russia 1 RUSSIAN ROUBLE INTERBANK MARKETS TODAY Dmitry Piskulov, Ph.D. (Econ.) Chairman.
7 th & 8 th Rouble Forum Follow-Up Main findings ICAP, 12 April 2011 Darryl Hooker, IRSF Chairman, ICAP.
Financial Forces McGraw-Hill/Irwin International Business, 11/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. chapter eleven.
Chapter Nine Foreign Currency Transactions and Hedging Foreign Exchange Risk McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All.
6-th IRSF,Moscow,10Nov09National Foreign Exchange Association, Russia 1 RUSSIAN ROUBLE INTERBANK MARKETS IN 2009 Dmitry Piskulov, Ph.D. (Econ.) Chairman.
FOREX TRADING EXECUTION LEARN THE FACTS. No Dealing Desk Competitive Advantages.
© 2010 Cengage Learning. All rights reserved. CHAPTER 7 GLOBAL  PENG.
ICAP/EBS – Growth of the e-OTC Ruble Markets 7 th International Ruble Settlement Forum 14 April 2009.
Copyright ©2003 McGraw-Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Chapter 9:The Foreign.
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved 1 Chapter 08 Valuing Stocks McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill.
Exchange Rate Determination (1): Overview J.D. Han King’s University College 13-1.
Chapter 11 Section 2. National Banking System ► System of banks (national banks) operated by the federal government. ► All issued the same national currency.
Foreign Exchange What is the foreign exchange rate? What is the foreign exchange market? What is the foreign exchange organization? Who are the participants?
Presentation Format  The presentation should be clear, concise and compelling  Presentations will be 8 minutes maximum  Use graphics and visuals as.
Copyright © 2009 Pearson Education, Inc. publishing as Prentice Hall 9-1 Part Four World Financial Environment Chapter Nine Global Foreign Exchange And.
Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall 1 Chapter 2: The Foreign Exchange Market 熊家财 江西财经大学会计学院
Factors that Affect Foreign Exchange Rates. Forex rate and Forex trading involves trading foreign currencies against each other as some strengthen and some weaker.
Factors that Affect Foreign Exchange Rates
International Economics By Robert J. Carbaugh 10th Edition
CURRENCY TRADING.
Market Summary Template (Example)
Ratio Analysis – Uses and Limitations
Steve Alexander Forex Steve Alexander
Debt and Liquidity Analysis
Debt and Liquidity Analysis
Big Oil, Big Prices FTE.
RUB in the e-OTC market September 2013
How does FinPricing Manage Market Data?
Debt and Liquidity Analysis
Measuring volatility in the institutional high-frequency FX market
Presentation transcript:

Unlocking the potential … CLS end of 2014? RTGS (IRSF) end of 2012? TODAY Become a recognised International Financial Centre Become a recognised G8 currency Become a reserve currency steps required to:- 24 hour/day market Transparency/Price discovery Spread compression Depth

Past performance cannot guarantee future trends… or can it? ADV 2012 v 2008 = 14,452 % increase 83% 17% ADV by execution method 30% 70% 31% 69% ADV by location

Spot Market Evolution TIMELINE FUTURE MICEX 10-5pmMICEX 1/100EBS & Reuters 24/7/365EBS & Reuters USD/RUB 1/100EBS USD/RUB 5/100MICEX 10-7pmMICEX BKT 5pip pricing Real-time market surveillance Address disruptive behaviour Clean up market ecology Ai policies: guidelines Price granularity review (1/4 kopek) Ai min order size MQL or ‘Hold-in timer’ Quote fill ratio Make/Take EBS creating a genuine source of liquidity

What presses your buttons? Whose buttons SHOULD you be pressing? 27 cities in 18 countries have traded RUB on EBS

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.