ACI FMA’s response to ESMA’s Consultation on the use of OTFs

November 26, 2020

On 25 September 2020, the European Securities and Markets Authority (“ESMA”) launched a public consultation from the MiFID II / MiFIR review series, the regulatory package introduced in the European Union (“EU”) on 3 January 2018. The consultation paper sets out proposals to clarify the MiFID II provisions relating to Organised Trading Facilities (“OTF”) and to multilateral systems more broadly, in order to “ensure efficient EU market structures and a more level playing field between all firms operating in the EU while reducing the level of complexity for market participants.”

Based on the feedback received, ESMA will now develop reports for the EU Commission, which it intends to submit in Q1 2021.

 

ABOUT THE TRADING DATES FOR USDRUB IN DEC 2020/JAN 2021

November 25, 2020

Hereby we confirm that according to agreements with main market players, exchanges and vendors we strongly recommend using following market conventions for USDRUB standard spot value date (which is T+1 in usual time) during the coming holidays in Russia:

Trade Date        Value Date         MOEX          Day of Week

30.Dec.20             11.Jan.20             Open            Wednesday

31.Dec.20             11.Jan.21            Closed            Thursday

01.Jan.21              11.Jan.21            Closed               Friday

04.Jan.21              11.Jan.21             Open              Monday

05.Jan.21              11.Jan.21             Open              Tuesday

06.Jan.21              11.Jan.21             Open            Wednesday

07.Jan.21              11.Jan.21            Closed            Thursday

08.Jan.21              11.Jan.21             Open                Friday

Press release: The Council approved the results of voting on the Statutes and the composition of the Council

November 23, 2020

At a remote Zoom meeting of the ACI Russia Council, the members approved the results of voting on the choice of the Association's President, Council members, and the organization's Statutes.

 

With the result of 195 votes "FOR" and 5 votes "AGAINST ALL" Sergey Romanchuk (Head of the Dealing center, Metallinvestbank) was re-elected President of the Association until 2022, and Dmitry Piskulov (Head of Department of development of products and services Department of the currency market, Moscow Exchange) was re-elected Vice–President until 2022.

The Council of the Association for the term up to 2022, based on the results of voting of 197 members, includes:
Evgeny Alparov, Head of Deposit operations, Metallinvestbank
Vladimir Borisov, Head of sales, Russian Agricultural Bank
Kirill Vichuzhanin, Director, Chief of Department of operations in the interbank and commodity markets, Alfa-Bank
Evgeny Glushan, Investment Director, InfraONE
Evgeny Egorov, Head of algotrading, Alfa-Bank
Viktor Zhidkov, Chairman of The Management Board, Vesta bank
Aliya Zubkova, Deputy head of Department on work on financial markets, Chief of Department of conversion operations, Otkritie
Konstantin Zyryanov, Director of business development, Diasoft
Veronika Kapranova, Head of the internal currency market Department of the financial markets operations, Central Bank of the Russian Federation
Alexander Kiryanov, CEO, DELTA
Vladimir Kozinets, President, Association of Corporate Treasurers
Alexander Markin, Asset Manager, DellaCopa
Dmitriy Piskunov, Head of Department of development of products and services Department of the currency market, Moscow Exchange
Sergey Romanchuk, Head of the Dealing center, Metallinvestbank
Anna Senina, Business development Manager, Refinitiv
Andrey Skabelin, Director of FX Department, Moscow Exchange
Andrey Sumin, Sales Director for commodity markets, Sberbank
Vladimir Yarovoy, Managing Director electronic markets, Sberbank CIB


199 participants voted for the adoption of changes in the Statutes of the organization, 6 participants voted against. The Statutes excludes the division of Association members into active and associate members, as well as the provision on the need for a quorum of 50% for the competence of the Congress of Association members.

Taking into account the epidemiological situation, as well as official restrictions on holding mass events in order to prevent the spread of the covid-19 infection, the Council decided not to hold a new year's party. And send congratulations and gifts to the Association members at the end of the year.

The Council members reviewed the applications and accepted 25 new members to the Association. The decision to exclude 130 participants from the Association was made.


The Council also considered a number of organizational and financial issues.


The Council was attended by 13 people out of 18 possible.

PRESS RELEASE ON THE RESULTS OF THE 3RD INTERNATIONAL CONFERENCE ABOUT E-TRADING IN THE FOREIGN EXCHANGE MARKET ACI RUSSIA EFX SUMMIT 2020

October 20, 2020

On October 20, 2020 the Lotte Hotel in Moscow hosted the third international conference on electronic trading on the FX market. Due to epidemiological security reasons, the number of guests in the hotel was limited and the event was held in a "hybrid" format: the hall and the exhibition were visited by 120 people, 206 unique users were connected to the video broadcast on the Internet. Some of the speakers of the conference were connected to the audience online through video communications.

 

The conference program included interviews with Igor Marich, Member of the Management Board, Managing Director of Sales and Business Development of the Moscow Exchange, and David Mercer, CEO of LMAX Group, as well as with Jeremy Smart, head of distribution of XTX Markets, the largest liquidity provider on the international FX market according to Euromoney's survey. The summit was attended by Guy Debelle, Deputy Governor of the Reserve Bank of Australia, Chairman of the Global FX Committee and Valery Lyakh, Head of the Department for Countering Misconduct of the Central Bank of Russia. 

 

There were 10 panel discussions on the ongoing changes in the market, the role of central banks in market functioning, the construction of trading platforms, post-trade, algorithmic trading, integration of trading platforms into the treasury systems of corporations, derivative financial instruments, the use of modern methods of data science, models for determining the "fair" rate of the ruble and the prospects for the market of crypto assets and digital ruble.

PRESS RELEASE ACI RUSSIA CONDUCTED THE 16th CONGRESS ON DEALER’S DAY 17 AUGUST 20 AUGUST 2020, MOSCOW

August 19, 2020

The year 2020 was an unusually dramatic one that mixed many plans. It brought losses - not only financial, but also health and lives. ACI takes the danger of coronavirus proliferation seriously. Based on the results of its own survey and taking into account the current epidemiological situation in Moscow, the ACI Russia Council decided to hold the Congress as combined online-offline event to minimize the risks. The offline event was held at the Ararat Hyatt Hotel, where about 50 people gathered - in compliance with distance standards. 110 people joined the broadcast of the event through the Zoom platform. The platinum sponsor of the Congress was the Moscow Exchange, while the silver sponsors were Metallinvestbank and international technology company WEYTEC.

 

ACI Russia President and Head of Metallinvestbank's Dealing Center Sergei Romanchuk, Director of the Bank of Russia's Department for Countering Misconduct Valery Lyakh, Deputy Chairman of the Bank of Russia Alexey Zabotkin, Chief Economists for Russia Alexander Isakov form VTB Capital and Anatoly Shal from JP Morgan , as well as a member of the Management Board and Managing Director for Sales and Business Development of the Moscow Exchange Igor Marich, spoke at the Congress.

17 AUG 2020 - ACI RUSSIA Congress/ 16-й СЪЕЗД ACI RUSSIA

August 09, 2020

The ACI Rusia Congress, which we are holding on Monday, August 17, will be held simultaneously in two formats: offline and online. 

 

We are waiting for an exciting program of the Congress - with a speech by Valery Lyakh, Director of the Bank of Russia’s Department for Countering Misconduct, with the monetary policy panel by Alexey Zabotkin, Deputy Chairman of the Bank of Russia and Aleх Isakov from VTB Capital and Anatoliy Shal  from JP Morgan, with a story about the latest innovations and plans from the management of the Moscow Exchange represented by Igor Marich, with a general assembly meeting with the approval of amendments to the Statues and competitive elections, as well as awarding the winners of competitions!

Platinum Sponsor - Moscow Exchange

Silver Sponsors: Metallinvestbank, WEYTEC

Rare Unanimity.

July 23, 2020

A majority of traders and economists agree with their speculation of a 0.5% rate loss on today's vote, even though other opinions aren't directly outruled.

PRESS RELEASE: THE COUNCIL OF ACI RUSSIA APPROVED AN UPDATED PLAN OF ACTIVITIES FOR 2020 AND THE AMOUNT OF MEMBERSHIP FEES.

June 04, 2020

At the meeting of the ACI Russia Council held in a remote format via video conference, Council members decided to hold an annual reporting and election congress, celebrate Dealer's Day, organize ACI Russia eFX Summit and New Year's party. 

 

The annual reporting and election Congress will be held on August 17, 2020, on the traditional Dealer's Day, for the first time in online format. Dealer's Day will be celebrated in the format that will be acceptable given the epidemiological situation and the presence of official restrictions on the behavior of mass events (online or offline if possible). ACI Russia eFX Summit 2020 will be held according to the original plans on October 20, 2020 in the usual offline format at the Lotto Hotel, or will be postponed to another date if the restrictions are not yet removed. The New Year's summary party will be held according to the original plans on December 17, 2020. 

Also ACI Russia is ready to hold special online events under the agreement with sponsors in 2020 in accordance with incoming requests.

 

The annual membership fee, which ensures participation in all events until June 30, 2021, it was decided to keep the same level of 3000 rubles, which guarantees the transfer of 35 euros per person necessary to confirm membership in ACI-FMA.

 

Council members reviewed applications and admitted 5 new members to the association, as well as considered a number of organizational and financial issues. In particular, changes to the Charter of the global ACI-FMA were approved and a decision was made to prepare changes to the Charter of ACI-FMA Russia.

 

The minutes of the meeting can be found on the website of ACI Russia in the Publications section.

Pandenomics as a space of opportunity: investment ideas - joint webinar by ACI Russia and Refinitiv

April 28, 2020

Program

 

11:00 - 12:00. Session 1.  Macroeconomics of the Pandemic: What will happen to oil prices and the ruble exchange rate? Shares and bonds? What investment ideas can work?

 

  • How quickly will the economy recover from the shock?

  • What will happen to oil prices?

  • The ruble: a new reality or a pause before devaluation?

  • Equities: Is it time to buy?

  • Bonds: free lunch or credit risk inflation?

 

Moderator:

Sergey Romanchuk, President of ACI Russia, Head of Metallinvestbank Dealing Center

 

Participants in the discussion: 

 

Alexander Kudrin, HSE Professor, Chief Strategist of Aton IC

Grigory Isayev, Director, Renaissance Capital Investment Company,

Victor Tunev, managing director of MC "Aguidel", author of Truevaue TV channel

 

12:00 - 12:45 Session 2. The organisation of work with clients in a new reality: how to reorganise business? E-commerce, process automation and risk.

 

  • Banking technologies.

  • Remote work with clients.

  • Automation and efficiency.

  • Electronic commerce.

  • Risks and role of credit intermediaries.

 

Moderator:

Sergey Romanchuk, President of ACI Russia, Head of the Dealing Center at JSCB Metallinvestbank.

 

Participants in the discussion: 

Viktor Zhidkov, Chairman of the Management Board, Bank West

Oleg Logostev, Liquidity Manager, Refinitiv.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

April 22, 2020

Market participants from ACI Russia are more conservative about how much the Bank of Russia will reduce its rate tomorrow, unlike economists who are polled by Bloomberg.

ON THE DOLLAR/RUBLE MARKET TRADING DAYS DURING APRIL 2020

April 02, 2020

In connection with the presidential decree on the extension of non-working days in the Russian Federation until April 30, 2020, the association, in accordance with agreements with the main market participants, exchanges and trading floors, strongly recommends to adhere to standard market conventions for settlements on the OTC spot FX market, as if this period was a working one.

ACI Russia published the press release about recommended trading dates in APR/MAY2020

March 25, 2020

Hereby we confirm that according to agreements with main market players, exchanges and vendors we strongly recommend using following market conventions for USDRUB standard spot value date (which is T+1 in usual time) during the coming "non-working days" in March/April 2020  in Russia.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

March 18, 2020

In anticipation of tomorrow's vote of the Bank of Russia's Board of Directors on the level of the key rate, opinions are very much divided: "economists" on the Bloomberg survey are much more determined than "traders": the survey in the ACI Russia group gives a somewhat higher probability that the rate will be changed form the current level of 6.00%, while the Bloomberg survey is strongly indicating keeping the key rate at 6.00%.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

February 05, 2020

In anticipation of tomorrow's vote of the Bank of Russia's Board of Directors on the level of the key rate, opinions are very much divided: "economists" on the Bloomberg survey are much more determined than "traders": the survey in the ACI Russia group gives a somewhat higher probability that the rate will be kept at the current level of 6.25%, while the Bloomberg survey is strongly shifted towards lowering the key rate to 6.00%.

The Bank of Russia's responsed to the proposals of the The Moscow FXJSC to improve the Bank of Russia's methodology for setting official FX rates

January 13, 2020

The Bank of Russia's response to the proposals of the The Moscow FXJSC  to improve the Bank of Russia's methodology for setting official foreign currency exchange rates against the ruble, contained in the Bank of Russia's Order No. 5094-U dated March 14, 2019 "On the procedure for setting and publishing official foreign currency exchange rates against the ruble by the Central Bank of the Russian Federation".

PRESS-RELEASE. ACI RUSSIA SUMMED UP THE YEAR AND NAMED THE WINNERS OF THE FX&MM ACHIEVEMENTS AND INNOVATIONS CONTEST

December 13, 2019

At the festive New Year's party on Thursday, December 13, 2018 at the Mandarin Combustible bar, the regional public organization of financial market professionals, ACI Russia, announced the results of the year and announced the winners of the contest of achievements and innovations in the Russian foreign exchange and money markets.

The competition was open to all financial institutions that did something new in 2018 or achieved significant success, marked by prestigious market awards. Applications are submitted to the Council of ACI Russia, which makes a decision, choosing the most significant ones.

The winners of the competition for 2019 were recognized by three companies. The Moscow Exchange - for the development of interest rate risk hedging culture and significant (2.5-fold) growth in the volume of concluded transactions in the SPFI sector (standardized derivatives). Sberbank was named the winner for the best investment management services and the best online treasury services by Global Finance magazine, and Alfa-Bank was awarded for the most complete set of solutions for electronic trading on the Russian currency market.

Also, leaders of the ACI Russia regular forecasts competition were announced in a decision on the Bank of Russia key rate. They were two people who guessed all the decisions of the Central Bank during 2019: Nikolay Panyukov and Deputy Head of the Treasury of MP Bank Azat Amirov, who also guessed all the Central Bank decisions in 2019!

ACI Russia currently has about 500 members, who are professional participants in the financial market, acting as an independent expert platform for the foreign exchange and money market and organizing events that in 2018 more than a thousand people visited. News feed, survey results and information about past and future events can be found at www.acirussia.org
 

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

December 12, 2019

The market is waiting for the Central Bank to lower the rate at tomorrow's meeting. Thus "analysts" are even more resolute in the forecasts, than "traders".

SRO NFA AND ACI RUSSIA has sent its proposals to the Bank of Russia to improve the methodology for setting official exchange rates.

December 10, 2019

You can find the text of the letter and the proposed changes on the NFA website.

ACI Russia Council meeting

December 10, 2019

A meeting of the ACI Russia Council has held in the form of absentee voting by e-mail. Membership was increased by 8 people. 

PRESS-RELEASE. ACI RUSSIA announces a competition of achievements and innovations in the currency and money market

December 02, 2019

ACI Russia, a public organization of financial market professionals, announces a contest of achievements and innovations in the Russian currency and money market, timed to coincide with the end of the year. The results of the contest will be presented at a festive party on Thursday, December 12, 2019 in the Mandarin Combustible bar. 

The competition is open to all financial institutions and infrastructure providers that did something new in 2019 or achieved significant success with prestigious market awards.

Everyone evaluates what he or she can be proud of and brings this achievement to the ACI Russia Council, which makes a decision on the most important ones. 

The first deal in a new instrument, a high place in the international competition, and the launch of a new platform are just a few examples of what can be noted. 

Winners of the 2018 Competition:
- Moscow Exchange for the first time on the Russian market to sign a commitment to the FX Gobal Code and to increase the volume of transactions in the SPFI sector by 8 times.
- Sberbank for its recognition of the best technological platform for foreign exchange transactions for corporate clients according to the Global Finance Magazine review.
- Alfa-Bank for the first place in terms of currency transactions in CEEMEA (Central and Eastern Europe, Middle East and Africa) according to the Euromoney survey.

Participate more actively to make your achievements known to your colleagues!

Please send your requests to council@aci-russia.ru

ACI Russia published the press release about recommended trading dates in DEC 2019/JAN 2020

November 28, 2019

Hereby we confirm that according to agreements with main market players, exchanges and vendors we strongly recommend using following market conventions for USDRUB standard spot value date (which is T+1 in usual time) during the coming holidays in Russia.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

October 24, 2019

ACI Russia members are more determined than analysts in the Bloomberg survey about the possibility that the Bank of Russia will cut the rate by 0.5% at its meeting this coming Friday.

On October 16, 2019, the Ritz-Carlton Hotel in Moscow hosted the second international ACI Russia eFX Summit, which was attended by about 400 people.

October 18, 2019

The forum included a technology exhibition, during which products were presented by Bloomberg,
CME/EBS, FX Aggregator, IPC, LMAX Exchange, Trading View, Alfa-Bank, Metallinvestbank,
Moscow Exchange, PRIME, Raiffeisenbank, Sberbank, as well as 14 panel discussions on market
changes, regulation, technologies, trading rules and professional ethics. The participants were
particularly interested in the detailed discussion of algorithmic trading, optimal ways of executing
transactions and the most efficient arrangement of trading floors, which would enable them to
balance the interests of various market participants to the maximum extent possible. For the first
time, a session on cryptocurrencies was held, where participants discussed the prospects of
development and regulation in this area.

The mission of the Summit is to become a platform for bringing together sellers and consumers of
services in the foreign exchange market, a platform for discussing challenges facing the industry.


The Summit was attended by employees of banks and brokerage firms, investment funds and
major corporations representing the oil and gas industry, metallurgy, retail trade networks,
telecommunications and other segments of the economy, as well as representatives of the
professional press and the Bank of Russia.


The event was an important step in the development of international relations and Russia's
integration into the global financial market: the Summit was attended by several dozens of foreign
guests.

The platinum sponsor of the Summit was LMAX Exchange.
Gold sponsors: Sberbank, CME/EBS, Bloomberg, INTL FCStone, Alfa-Bank,
Metallinvestbank, Moscow Exchange, PRIME, Raiffeisenbank.

Silver sponsors: FX aggregator, IPC, MetaQuotes, Trading View.
Bronze sponsors: BGC Partners, Integral, Market Factory, NT Pro, UBS Investment Bank

ACI Russia Council meeting

October 14, 2019

A meeting of the ACI Russia Council has held in the form of absentee voting by e-mail. Membership was increased by 10 people. 

ACI Russia Council meeting

October 10, 2019

A meeting of the ACI Russia Council has held in the form of absentee voting by e-mail. Membership was increased by 7 people. All the members of the Board voted unanimously for the Admission of Perry Savundranayagam as ACI Asia President.

ACI Russia Council ordinal meeting was held in the office of MOEX

September 30, 2019

The Council made the deceisions on 5 agenda topics:  admission and exclusion from ACI Russia, on the proposals of ACI Russia within the framework of the “regulatory guillotine” of the Government and the Central Bank, organization ACI Council Moscow 2020, event preparation: eFX Summit 2019 and others.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

September 04, 2019

The traditional poll in anticipation of the decision of the Central Bank about the key rate on September 6 in the ACI Russia group shows the significantly more conservative view from the analysts and economists group polled by Bloomberg but also expecting the rate cut  to 7.00% mark with some chance to keep it at 7,25%. The question "what would you do?" demonstrates exactly the same results!

ACI Russia celebrated 21th Dealer's Day in Cafe Mechta

August 15, 2019

The event gathered together about 300 ACI Russia members for the traditional summer professional holiday, sponsored by Moscow Exchange and Refinitiv.  This was the first associations's event after Russia  joined The Global FX Committee  and ACI Russia president Sergey Romanchuk said some words about that milestone and the future work. But the agenda at this evening was more entertainment and leasure than business. The guests enjoied by misuc, dance, karaoke, fun casino, fine food and drinks.  

ACI Russia Council meeting

August 13, 2019

A meeting of the ACI Russia Council has held in the form of absentee voting by e-mail. Membership was increased by 11 people. 

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

July 25, 2019

There is agreement among economists and traders: with a high probability, the Central Bank will reduce the key rate by 0.25%. Although participants in the ACI Russia survey are somewhat more determined, assuming the possibility of reducing the rate at tomorrow's meeting immediately by 0.5%.

ACI Russia Council ordinal meeting was held in the office of MOEX

June 09, 2019

The Council made the deceisions on 8 agenda topics:  admission and exclusion from ACI Russia, membership fees to ACI Russia in 2018-2019, report on the execution of decisions of the previous ACI Russia Council, information about participation in the Global FXC meeting Tokyo 2019, Statutes ACI Intenational, organization ACI Council Moscow 2020. event preparation: Dealer Day 2019, eFX Summit 2019 and others.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

June 12, 2019

The traditional poll in anticipation of the decision of the Central Bank about the key rate on June 14 in the ACI Russia group shows the strong view that Bank of Russia will cut the rate by 0.25%. But some of the market participants want even more!

THE MOSCOW FX JOINT STANDING COMMITTEE FORMED BY SRO NFA AND ACI RUSSIA (MOSCOW FXJSC) WAS ACCEPTED AS A FULL MEMBER OF THE GLOBAL FOREIGN EXCHANGE COMMITTEE

May 21, 2019

Tokyo, May 22, 2019.  The Global Foreign Exchange Committee (GFXC) met on 22 May, as part of a two-day meeting in Tokyo, Japan, which was hosted by the Bank of Japan. At its meeting, the GFXC selected a new Chair, discussed the progress of designated working groups, provided updates on its organization and governance, and considered future areas of work. GFXC also welcomed as a full member The Moscow FX Joint Standing Committee (Moscow FXJSС) presented at the meeting by Sergey Romanchuk from Metallinvestbank. 

Read more: press release GFXC 

Копия14 МАЯ 2019 - 15 СЪЕЗД ACI RUSSIA

May 07, 2019

14 мая 2019 года в отеле St.Regis Nikolskaya прошел Съезд ACI Russia, в котором приняло участие около 200 человек. В рамках него состоялось отчетно-выборное Общее собрание ACI Russia, выступил заместитель директора департамента противодействия недобросовестным практикам Центрального Банка РФ Роман Мухлынов, рассказав об основных новациях законодательства о противодействии неправомерному использованию инсайдерской информации и манипулированию рынком и ответив на вопросы аудитории, прошла панельная дискуссия «Актуальные проблемы развития валютного рынка: последние тренды и современные технологии».

В панельной дискуссии выступили: Виктор Драгоев (EBS/CME Group), Игорь Марич (Московская Биржа), Антон Кеняйкин (Райффайзенбанк). Участники обсудили особенности разных способ исполнения сделок на валютном рынке: на бирже и межбанковском рынке, с выставлением заявок в центральную книгу ордеров, исполнения с указанием полной суммы интереса в одной сделке; пути развития мэтчинговых платформ – с увеличением быстродействия или наоборот - с введением задержек в выставление новых заявок; новые биржевые и внебиржевые продукты и сервисы.

Во время официальной части взаимодействие с аудиторией происходило через специальную мобильную интерактивную платформу, где также было проведено электронное голосование на выборах в руководящие органы (с персональной идентификацией для членов ACI Russia). На три предложенных места выдвинулись 5 кандидатов, однако 3 место было поделено между двумя кандидатами - они набрали равное количество голосов, в связи с чем в Совете появилось 4 новых участника!

На следующий год (2019-2020) в Совет ACI Russia в дополнение к действующим членам были избраны: Кирилл Вычужанин (Альфа-Банк), Евгений Глушань (InfraONE), Алия Зубкова (Открытие), Анна Сенина (Refinitiv).

Завершился вечер приемом в баре Mandarin Combustible.

Спонсорами Съезда выступили компании: EBS/CME Group, Московская Биржа, Райффайзенбанк.
 

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

April 24, 2019

The traditional poll in anticipation of the decision of the Central Bank about the key rate on April 26 in the ACI Russia group shows the significantly different opinion from the analysts and economists group polled by Bloomberg and expecting the saving rate on the 7.75% mark, but a slight chance to cut for 7,50%. The question "what would you do?" makes a powerfull call for the rate cut.

ACI Russia published the press release about recommended trading dates in APR/MAY2019

April 24, 2019

Hereby we confirm that according to agreements with main market players, exchanges and vendors we strongly recommend using following market conventions for USDRUB standard spot value date (which is T+1 in usual time) during the coming holidays in Russia.

ACI Russia Council meeting

April 22, 2019

A meeting of the ACI Russia Council has held in the form of absentee voting by e-mail. The Council discussed the size of the membership fee for 2019 and unanimously saved the membership fee the same - 3000 RUB per annum.

ACI International Council meeting was held in London 20-22 of March 2019

March 21, 2019

On March 20-22, 2019, the annual ACI Council Meeting was held in London - the governing body of ACI International, where national associations were represented by their heads, with voting on the agenda topics  in proportion to the membership of national associations.

 

As part of this forum, participants took part in the ACI UK Square Mile Debate, with the participation of Bank of England, on the introduction of the FX Global Code.

 

Regional group meetings were held: Europe, Asia, the Middle East and Africa; ACI Management Board; ACI CFP and ACI FX Committee; ACI Regulatory WG; General meeting of the ACI Council.

ACI Russia Council ordinal meeting was held in the office of MOEX

March 12, 2019

The Council made the deceisions on 6 agenda topics:  admission and exclusion from ACI Russia, review of the task execution process, the methodology of the official CBR rate determination, legal case on the dispute between RZB Moscow ant it's client on R-Trader platform, International ACI Council meeting in Moscow in 2020, ACI Russia events in 2019.

ACI Dealing Simulation in Copenhagen 2019

March 04, 2019

For the 9th time ACI Denmark proudly host the ACI Dealing Simulation in April 2019, this time running from Tuesday 2nd April till Friday 5th April. 
 
It’s a very intense course with several dealing sessions included, where each delegate will gain a lot of experience from holding various positions in a real trading and risk management environment. 
 
On top of these dealing sessions, there will be a list of high quality guest speakers talking about various subjects like: Technical analysis, psychology in the market,  the role of a Central Bank, options, spot, swaps, ethical behaviour, compliance, operational risk and FX Global Code of conduct.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

February 05, 2019

The traditional poll in anticipation of the decision of the Central Bank about the key rate on February 8 in the ACI Russia group shows about the same opinion as of analysts and economists polled by Bloomberg and expected the saving rate on the 7.75% mark, but a little bit more chance to hiking to 8,00%.

ACI Russia published the press release about recommended trading dates in DEC2018/ JAN2019

December 16, 2018

Hereby we confirm that according to agreements with main market players, exchanges and vendors we strongly recommend using following market conventions for USDRUB standard spot value date (which is T+1 in usual time) during the coming holidays in Russia..

ACI RUSSIA SUMMED UP THE YEAR AND NAMED THE WINNERS OF THE FX&MM ACHIEVEMENTS AND INNOVATIONS CONTEST.

December 13, 2018

At the festive New Year's party on Thursday, December 13, 2018 at the Mandarin Combustible bar, the regional public organization of financial market professionals, ACI Russia, announced the results of the year and announced the winners of the contest of achievements and innovations in the Russian foreign exchange and money markets.

 

The competition was open to all financial institutions that did something new in 2018 or achieved significant success, marked by prestigious market awards. Applications are submitted to the Council of ACI Russia, which makes a decision, choosing the most significant ones.

 

The winners of the competition for 2018 were recognized by three companies for four achievements. The Moscow Exchange was marked twice: the first among the Russian market participants to sign a statement of commitment to the FX Global Code and a significant (8 times) increase in the volume of transactions in the SPFI sector (standardized derivative financial instruments). Sberbank became the winner for the best technology platform in the foreign exchange market for corporate clients according to Global Finance magazine in the framework of awards by international providers, and Alfa-Bank was noted for first place in terms of the volume of operations among all banks in the foreign exchange market in the CEEMEA macro-region (Central and Eastern Europe, Middle East and Africa) according to a survey of the Euromoney magazine.

 

Also, leaders of the ACI Russia regular forecasts competition were announced in a decision on the Bank of Russia key rate. The absolute winner was Azat Amirov, Deputy Head of the Treasury of MP Bank, who guessed  right all decisions of the Central Bank in 2018.

 

ACI Russia currently unites 419 members to the date who are professional participants in the financial market, acting as an independent expert platform for the foreign exchange and money market and organizing events that in 2018 more than a thousand people visited. News feed, survey results and information about past and future events can be found at www.acirussia.org

ACI Russia's poll shows that Bank of Russia will come back to the FX market soon

December 13, 2018

Bank of Russia Chair Elvira Nabiullina mentioned previously that CBR could come back to teh FX market from 15 of January. ACI Russia poll gives the estimation of market expectations.

ACI Russia conducted a regular survey before the Central Bank of Russia key rate decision

December 13, 2018

The traditional poll in anticipation of the decision of the Central Bank about the key rate on December 14 in the ACI Russia group shows about the very different opinion of analysts and economists polled by Bloomberg expecting the saving rate on the 7.50% mark and ACI Russia poll showing more chance to hiking to 7.75%.

ACI RUSSIA ANNOUNCES FX&MM ACHIEVEMENTS AND INNOVATIONS 2018 CONTEST

December 06, 2018

ACI Russia, a public organization of financial market professionals, announces a contest of achievements and innovations in the Russian foreign exchange and money market timed to the end of the year. The results of the competition will be presented at a festive party on Thursday, December 13, 2018 in the Mandarin Combustible bar.

 

All financial institutions that have done something new in 2018 or have achieved significant success, marked by prestigious market awards, can participate in the competition. Everyone evaluates what he can be proud of and presents this achievement for consideration by the Council of ACI Russia, which makes a decision, choosing the most significant ones.

 

The first deal for a new instrument, a high place in an international competition, the launch of a new platform on the market - these are a few examples of what can be noted.

 

Participate more actively, so that colleagues know about your achievements!

 

Send applications to council@aci-russia.ru

ACI Russia Council ordinal meeting was held in the office of MOEX

December 03, 2018

29 new members were admitted during the meeting, 7 people were expelled.  The Council made the deceisions on 7 agenda topics:  admission and exclusion from ACI Russia, test center for passing exam for ACI certificates and education (ELAC), ACI Russia eFX Summit 2018 - analysis of the organizational process and results, ACI Russia Best FX Banks 2018 Survey, New Year's party 2018, calendar of ACI Russia events for 2019, choosing a PR partner for 2019.

On November 20, 2018, the first international summit on electronic commerce in the foreign exchange market was held at the Ritz-Carlton Hotel in Moscow, in which more than 300 people took part.

November 19, 2018

A technological exhibition was conducted as part of the forum, during which IPC, LMAX Exchange, NT Progress, Refinitiv, Alfa-Bank, Metallinvestbank, Moscow Exchange, Raiffeisenbank, Sberbank presented their products, and seven-panel discussions devoted to discussing the changes taking place on the market, regulation, modern technology, trading rules and professional ethics. Of particular interest to the participants was a detailed discussion of the best ways to execute transactions and the most efficient arrangement of the matching engine of the trading platforms, which would allow for the maximum balance between the interests of various market participants.

The Summit’s mission is to become a platform that brings sell side and consumers of services in the foreign exchange market together, a platform for discussing the challenges which the industry faces.

 

In total, employees of 43 banks and 12 brokerage firms, 26 investment funds and 13 large corporations representing the oil and gas industry, metallurgy, retail distribution networks, telecommunications and other segments of the economy, as well as representatives of the professional press, academic community and Bank of Russia took part in the Summit.

 

The event is an essential step in the development of international relations and the integration of Russia into the global financial market: several dozens of foreign guests attended the Summit.

 

The gold sponsors of the Summit were the companies:

EBS, LMAX Exchange, NT Progress, Alfa-Bank, Metallinvestbank, Moscow Exchange, Raiffeisenbank, Sberbank

Silver Sponsors: BCS Global Markets, IPC, Refinitiv

Bronze Sponsors: Integral, Lucera