By Ben Simmons
BT (LSE: BT.A) today announced that members of its BT Radianz Cloud community now have access to ING Bank’s brokerage, cash management, custodian and other investor services in Russia.
The BT Radianz community of 15,400 member locations globally will now be offered a fast, nimble and secure connection to ING Bank, giving them direct market access to leading local stock exchanges Moscow Interbank Currency Exchange (MICEX) and Russian Trading Systems (RTS) for real-time pre-trade risk monitoring, high-speed order entry, co-location, trading multiple asset classes and ING custodian and cash management services.
ING Securities Services supports more than 860 foreign and domestic clients with approximately USD 120 billion of its clients’ assets held under custody (as of 31 October, 2011), providing them with a broad range of solutions to manage their transactions and assets in Russian markets.
“Foreign investors are increasingly interested in Russia as a growth market, so adding ING’s investor services to the BT Radianz Cloud opens yet another gateway for them to access Russian markets," said Tom Regent, president, BT Global Banking and Financial Markets. "We are positive that the improved investor access to a diversity of financial products within Russian markets will benefit the broader BT Radianz community.”
Stanislav Yarushevichus, Deputy Head of Financial Markets, Head of Trading Department, ING, said: “ING Bank in Russia is paying close attention to developing its brokerage business for international investors, providing a wide range of Russian rouble instruments, cash management solutions and securities services. As it supports the world’s largest secure networked financial services community, BT Radianz Cloud is the ideal eco-system for ING Bank to offer our services to a larger pool of global investors interested in trading on Russian markets.”
ING joined the BT Radianz Cloud community in May 2011and had already processed 2,150,482 orders by mid-September which resulted in 228,736 trades with a total volume of over 21 billion roubles.
BT’s specialised teams of local experts, based in Moscow, serve the needs of local and foreign multinational clients from the financial services industry as well as other sectors. Over the past 11 years the BT Radianz Cloud has become an important window to the world for local and global financial service providers. Russia’s largest stock exchanges and leading business news outlets - including RTS, MICEX and RIA Novosti - have been members of the community since 2010.
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