| Developers: | Moscow Exchange |
| Date of the premiere of the system: | December 2023 |
| Branches: | Financial Services, Investments and Auditing |
2023: Opening access to the terminal
On December 18, 2023, the Moscow Exchange announced the opening of access to all customers to its information and analytical trading terminal "Trade Radar." The product became relevant after the departure from the Russian market of traditional providers of such services Bloomberg and Reuters.
According to the press service of the Moscow Exchange, Trade Radar provides users with the opportunity to timely receive the necessary news of financial markets, current and historical quotes of various assets, as well as reference data on securities issues in a single information interface. The terminal is equipped with graphical analytics that allows for technical analysis. The product will be the optimal solution for traders and sales of financial institutions, liquidity management specialists, treasury employees, representatives of professional participants in financial markets, the Moscow Exchange believes.
The terminal received a trading module that allows users to negotiate and transact in the over-the-counter market. In addition, Trade Radar implemented the exchange of messages between participants in the interbank market to agree on conditions and conclude OTC transactions in specialized secure chats. In the sales module, you can view the history of transactions and provide indicative prices to market makers.
Independent financial analyst Andrei Barkhota, in a conversation with Kommersant, estimated the cost of developing and piloting such a system at 500 million rubles. The terminal may partially occupy the niche of Bloomberg and Reuters, and in the future be used for trade with the participation of non-residents, said Dmitry Alexandrov, head of the analytical research department at IVA Partners. Bloomberg cost about $2.5 thousand per month for the terminal, Reuters Eikon - $2.22 thousand per month plus a research module ($405 per month), the newspaper recalls.[1]
Notes
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