FXPA Adds Moscow Exchange to Trade Association

The FXPA is a Washington-based organization for the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) industry that collectively represents the shared interests of brokers and market participants.

Last Friday, the FXPA announced a new addition to its membership, integrating EBS-BrokerTec onto the Founders’ Council. With the induction of the Moscow Exchange (MOEX) into the group, the organization has now added two members in as many weeks.

According to Igor Marich, Managing Director, FX & Money Markets at the Moscow Exchange, in a recent statement on the induction, “The Moscow Exchange is extremely honoured to have joined the Foreign Exchange Professionals Association. The FX industry is going through profound changes at present and we believe through the single voice and leadership of the FXPA we can build a better, more stable and more transparent market structure that will benefit all participants in the market.”

“The Moscow Exchange brings more than 20 years of experience to the table in running centrally cleared FX cash and swap order books that typically trade over $25 bln a day and we feel that joining FXPA is the best way we can share that knowledge with other market participants and regulators,” he added.

Following MOEX's arrival, the number of members in the FXPA is now slated at twenty-two, according to an FXPA statement. The membership list can be read in full below:

• BATS Global Markets, Inc
• BNY Mellon Global Markets
• Bloomberg
• Citadel LLC
• CME Group
• Cürex
• EBS-BrokerTec
• FastMatch
• GFI Group
• Intercontinental Exchange (ICE)
• Integral Development Corp
• Clearnet
• LMAX Exchange
• Moscow Exchange
• Nasdaq
• Singapore Exchange (SGX)
• State Street Global Markets
• Virtu Financial
• Campbell & Company
• Traiana
• Eric Busay, Portfolio Manager, CalPERS
• Stephen Komon, Senior Portfolio Manager, Colorado PERA