Sberbank Extends FX Distribution to Integral OCX
April 28, 2020, PALO ALTO — Sberbank today announced it has extended its eFX liquidity distribution through a partnership with Integral. Leading international banks, brokers and asset managers will now be able to access Sberbank’s FX liquidity through the Integral OCXTM trading network.
Andrey Shemetov, Vice President and Head of Global Markets Department of Sberbank:
“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, Integral:
“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. Its award-winning advanced market design delivers the ultimate in execution performance by combining resting limit orders, market-making streams, and midpoint interest in a single integrated high-performance venue.