Sberbank today announces it is extending its e-FX liquidity distribution through a partnership with Integral, enabling its clients to access its FX liquidity through the Integral OCX trading network.
Andrey Shemetov, vice president and head of global markets department of Sberbank, says: “Sberbank leverages its high expertise and individual approach in the FX markets to provide a diverse line of currency solutions for all client segments. Sberbank handles a significant share of Russian FX market average daily turnover, with an internal liquidity pool turnover that exceeds 50% of the total public market in Russia. We are pleased to expand our FX liquidity distribution over OCX. Our partnership with Integral will help facilitate enhanced liquidity for clients and will be a great addition to our FX distribution network.”
Harpal Sandhu, CEO of Integral, adds, “We welcome Sberbank to the OCX network. Extending their distribution over OCX will offer them direct and credit intermediated access to the largest and most diverse collection of FX liquidity consumers available.”
OCX is directly cross connected with more than 250 liquidity sources supplying more than 3,000 market making streams in NY4, LD4, and TY3, the firm says.