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Moscow Exchange Joins FXPA

Moscow Exchange (MOEX) has joined the Foreign Exchange Professionals Association (FXPA) as a full member, bringing the FX trade association’s current institutional member total to 22.

It follows the recent additions of EBS-BrokerTec and State Street Global Markets.

Igor Marich, managing director, FX and money markets at MOEX, says that joining FXPA is the best way the venue can share its 20 years of experience in running centrally cleared FX cash and swap order books with other market participants and regulators.

“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,” he adds.

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