The MoU will aim to facilitate collaboration and to unify the liquidity pools for trading with the RMB/RUB.
Moscow Exchange (MOEX), one of the largest multilateral trading platforms for RUB-denominated FX instruments, has signed a memorandum of understanding (MoU) with the China Foreign Exchange Trade System (CFETS).
The new deal centers on the RMB/RUB currency pair across the two platforms. In particular, the MoU will aim to facilitate collaboration and to unify the Liquidity pools for trading with this pair.
The two parties are ideal counterparts to achieve this aim, with MOEX specializing in platforms for currencies, money market instruments, equities, bonds, and other instruments in Russia.
The MoU itself was tendered by members of both parties. This includes Zhang Cuiwei, Executive Vice President of CFETS, and Igor Marich, Member of the Executive Board of Moscow Exchange.
"Collaboration between MOEX and the CFETS, the leading FX platforms in Russia and China, respectively, is intended to improve pricing in RMB/RUB instruments and stimulate settlement in RMB and RUB. Better links between the countries’ financial institutions should help to facilitate more cross-border investments,” explained Marich.
The MoU follows on the heels of an existing joint working group that was previously installed to help conduct research.
MOEX and the CFETS had already been working to continue exploring feasible mechanisms to unify RMB/RUB trading and matching. The working group will also push towards an optimal unification model.
More specifically, this includes the roles of the relevant counterparties for credit, trading, and net settlement intermediation, plus the adoption of important controls and reporting for compliance with Russian and Chinese Regulation.
"As part of the MoU, the two sides will also jointly explore business projects including the feasibility of a unified liquidity pool for CNY/RUB. Such efforts will further expand the opening-up of China-Russia financial markets, improve trade and investment liberalization and deepen China's financial cooperation with countries participating in the Belt and Road Initiative,” noted Zhang Cuiwei.
Moscow Exchange (MOEX), one of the largest multilateral trading platforms for RUB-denominated FX instruments, has signed a memorandum of understanding (MoU) with the China Foreign Exchange Trade System (CFETS).
The new deal centers on the RMB/RUB currency pair across the two platforms. In particular, the MoU will aim to facilitate collaboration and to unify the Liquidity pools for trading with this pair.
The two parties are ideal counterparts to achieve this aim, with MOEX specializing in platforms for currencies, money market instruments, equities, bonds, and other instruments in Russia.
The MoU itself was tendered by members of both parties. This includes Zhang Cuiwei, Executive Vice President of CFETS, and Igor Marich, Member of the Executive Board of Moscow Exchange.
"Collaboration between MOEX and the CFETS, the leading FX platforms in Russia and China, respectively, is intended to improve pricing in RMB/RUB instruments and stimulate settlement in RMB and RUB. Better links between the countries’ financial institutions should help to facilitate more cross-border investments,” explained Marich.
The MoU follows on the heels of an existing joint working group that was previously installed to help conduct research.
MOEX and the CFETS had already been working to continue exploring feasible mechanisms to unify RMB/RUB trading and matching. The working group will also push towards an optimal unification model.
More specifically, this includes the roles of the relevant counterparties for credit, trading, and net settlement intermediation, plus the adoption of important controls and reporting for compliance with Russian and Chinese Regulation.
"As part of the MoU, the two sides will also jointly explore business projects including the feasibility of a unified liquidity pool for CNY/RUB. Such efforts will further expand the opening-up of China-Russia financial markets, improve trade and investment liberalization and deepen China's financial cooperation with countries participating in the Belt and Road Initiative,” noted Zhang Cuiwei.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!