A review of FOW's Trading Russia Forum, held on 30 September 2013.
Last month FOW hosted its inaugural Trading New Markets
forum in London, which profiled the fast growing Russia
exchange traded and OTC derivatives market.
Danny Corrigan, an expert on Russia who is currently heading
up the CME Group's European Trade Repository, moderated the
first panel and said that a lot of progress had been made in
the Russian market recently.
"The whole programme of development started in the early
1990s after the fall of the Communist system. A new system was
introduced that allowed for trading and clearing across asset
classes on one system.
"Nothing really happened since then but the reason we have
so many people here today is because of the opportunities in
the Russian market. Russia is a very liberal financial market
and there are no cross border issues.
"The whole evolutionary process of the Russian financial
market leads to where we are today with exchange traded
derivatives. The direction of travel has been in the right way
but there are a few reforms which still have to happen.
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