Sberbank partners with Integral to expand eFX liquidity provision

Maria Nikolova

Banks, brokers and asset managers will now be able to access Sberbank’s FX liquidity through the Integral OCXTM trading network.

Sberbank Rossii PAO (MCX:SBER) today announces it has extended its eFX liquidity distribution through a partnership with Integral. Major banks, brokers and asset managers will now be able to access Sberbank’s FX liquidity through the Integral OCXTM trading network.

OCX is cross connected with more than 250 liquidity sources supplying over 3,000 market making streams in NY4, LD4, and TY3. Its market design delivers the ultimate in execution performance by combining resting limit orders, market-making streams, and midpoint interest in a single integrated high-performance venue.

Andrey Shemetov, Vice President and Head of Global Markets Department of Sberbank, commented:

“Sberbank leverages its high expertise and individual approach in the FX markets to provide a diverse line of currency solutions for all client segments. Sberbank handles a significant share of Russian FX market average daily turnover, with an internal liquidity pool turnover that exceeds 50% of the total public market in Russia. We are pleased to expand our FX liquidity distribution over OCX. Our partnership with Integral will help facilitate enhanced liquidity for clients and will be a great addition to our FX distribution network.”

Harpal Sandhu, CEO of Integral, said:

“We welcome Sberbank to the OCX network. Extending their distribution over OCX will offer them direct and credit intermediated access to the largest and most diverse collection of FX liquidity consumers available.”

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