Partners of RNKO Payment Center (LLC) got access to foreign exchange market of the Moscow Exchange
Customers: Ayyl Bank Bishkek; Financial Services, Investments and Auditing Contractors: RNKO payment Center Project date: 2016/02 - 2016/03
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RNKO Payment Center (LLC) provided to the clients – banks of the CIS countries – direct access to a foreign exchange trading of the Moscow Exchange. The first of nonresident banks – partners of RNKO Payment Center (LLC) an opportunity to make the currency transactions without intermediaries used Ayyl Bank (JSC) – the commercial bank from the Kyrgyz Republic which entered stock exchange market as the SMA client.
The SMA technology of access (Sponsored Market Access) sold in foreign exchange market of the Moscow Exchange allows to organize issue to bidders of special identifiers of the sponsored access (SMA-ID) for transfer to clients. Using SMA-ID clients of bidders can give instructions directly to the trading system of foreign exchange market. On the basis of these instructions requests form and bargains on behalf of bidders, but in interests and for a customer account are concluded. These technologies are aimed including at providing creation of the Integrated foreign exchange market within the agreement on the Eurasian Economic Union.
The technology of full-function client SMA access to foreign exchange market of the Moscow Exchange opens for the partners of RNKO Payment Center (LLC) who are nonresidents, new business opportunities on commission of the currency transactions without intermediaries, using advantages of direct participation in biddings [i].
RNKO Payment Center (LLC) began the first participant of foreign exchange market which gave an opportunity to the SMA clients to work directly in the MICEX Trade Currency point-of-sale terminal which owner is PJSC Moscow Exchange.