Sberbank launches versatile electronic brokerage platform for institutional clients

By Andrei Skvarsky.

Russia’s biggest lender Sberbank has launched a single electronic brokerage platform for institutional clients that gives them access to all key Russian and international floors for financial instrument trading.

The platform, launched and operated by the bank’s investment arm, Sberbank CIB, offers banks, asset managers, non-state pension funds, insurers, investment companies and other financial market participants access to stock, money, foreign exchange and other markets, Sberbank said in a statement.

It offers a range of facilities such as multi-currency accounts, a variety of formats for transaction reporting, one-stop-shop services, depositing of assets, including foreign securities, that have been bought via Sberbank, and a specialised depositary service for assets held by asset management companies.

“Through our electronic brokerage platform clients will be able not only to trade any instruments at Moscow Exchange but also to make use of a whole range of over-the-counter products such as repos, eurobonds and shares issued by foreign entities,” said Sberbank CIB’s head of global markets, Andrey Shemetov.

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