GLOBAL ELECTRONIC TRADING SERVICES

Transcription

1 Realising opportunities GLOBAL ELECTRONIC TRADING SERVICES

2 CONTENT Company at a Glance Structure History Facts & Figures Ranking and Monthly Turnover Prime brokerage Agency brokerage Technology and Connectivity Global Markets MICEX T+X Trade Flow Contact

3 COMPANY AT A GLANCE OTKRITIE Financial Corporation (OTKRITIE) is one of the leading financial groups in Russia, offering the full array of investment and commercial banking services, asset management and brokerage. Otkritie Securities Limited (OSL) is the UK-based, FSA regulated subsidiary of OTKRITIE. As a member of London Stock Exchange, EDX London, Deutsche Boerse and Chi-X (MTF), OSL is focused on brokerage service to international institutional clients. OTKRITIE Commercial Banking Corporate Banking OTKRITIE Capital Global Markets And Investment Banking Prime Brokerage Equity Sales & Trading Retail Banking SME Lending Private Banking Global Electronic Trading (DMA/EDA) Exchange Traded Derivatives HFT Hosting Services OTC Derivatives Equity Capital Markets Mergers & Acquisitions Fixed Income Sales & Trading OTKRITIE Asset Management Management of mutual, non-governmental pension funds and SRO* compensation funds, management of special-purpose capital, management of insurance funds Trust management OTKRITIE Financial Corporation Custody Clearing SLB/REPO Equity financing OTKRITIE Brokerage for Individual Investors Money Market Debt Capital Markets Research 3

4 STRUCTURE OTKRITIE Financial Corporation Ltd. is one of Russia s leading banking groups which offers its private, institutional and corporate clients the full range of financial services, including investment banking, commercial banking, brokerage, access to major Russian and international capital markets and investment management services. 14,3% 24,2% Otkritie Finance (Cyprus) Ltd. International Finance Corporation World Bank Group Deposit Insurance Agency OTKRITIE Capital JSC Otkritie Securities Limited Commercial banking, capital markets, investment banking services Asset management Brokerage services Toxic assets management Otkritie Bank JSC 25,7% 35,8% OTKRITIE Financial Corporation JSC OTKRITIE Brokerage house JSC OTKRITIE Insurance Company Management Company OTKRITIE JSC BENEFICIARIES Mr. Vadim Belyaev 40,1%* Mr. Boris Mints 27,26% АнатолийЧубайс 2,74% VTB Bank 19,90% Others 10% Debt Center OTKRITIE JSC *Allocation of shares plan 4

5 HISTORY 1995 Establishment in Russia. Equities and exchange traded derivatives 1999 Pioneers of brokerage. One of the first brokers to offer DMA to MICEX and electronic brokerage for clients 2005 Asset Management. Fund management, services for institutions and individual clients 2006 Investment Banking. IPO & SPO origination and consulting, execution and custody services 2007 Global Markets. Expansion into international markets via acquisition of the UK based FSA regulated broker 2008 Commercial Banking. Bank loans and deposits, bank guarantees, foreign exchange, banknote business 2009 New Investor. Bank VTB acquired 19,9% stake in OTKRITIE Financial Corporation 2010 Consolidation of bank assets of corporation: one stop shop universal bank with wide range of financial services offered to individual and institutional clients 2011 Bank Gubernsky joined Bank OTKRITIE under the financial restructuring procedure. Bank OTKRITIE was ranked among the Top-30 Russia s leading banks in terms of assets and shareholders equity (according to Bank of Russia). IFC becomes a new shareholder of Bank OTKRITIE JSC with a stake of 14,30% TOP-1 in terms of trading volumes and number of clients in Russia since 1999; TOP-10 player in terms of trading volumes in depository receipts at LSE since

6 FACTS & FIGURES Leading broker on RTS STANDARD Leading derivative broker on FORTS with the market share of more than 27% Leading broker on FORTS, options section Leading broker on LSE (IOB electronically traded) # 1 # 1 # 1 # 1 Leading broker on MICEX, equity section # 1 Leading Russian asset management company according to the National Rating Agency # 1 Individual reliability rating from National Rating Agency for OTKRITIE broker in Russia AAA Source: RTS, MICEX, LSE, 6

7 RANKING AND MONTHLY TURNOVER, MILLION USD LSE (IOB electronically traded) M$ RTS ST M$ FORTS MICEX (equity section) M$ M$ 7

8 PRIME BROKERAGE Execution Prime Services Global Electronic Trading Services (GETS) offers comprehensive access to more than 30 equity and derivatives markets with focus on Russia and Emerging Markets Exchange Traded Derivatives, part of GETS, enables clients to trade electronically wide range of derivative instruments globally, including Russian index futures, index options, futures and options on local shares and shares of Russian entities traded on other stock exchanges (in London, Frankfurt and New York) Equity Sales & Trading one of the core business lines offering investment advice, research and care execution in Russian equities from Moscow, London and soon New York OTC Derivatives department helps our clients implementing individual strategies when using OTC instruments that are pegged to separate assets or asset baskets to meet their particular needs Our Fixed Income Sales & Trading team is one of the leading market participants in the Russian debt markets and ranks among the top three domestic companies in terms of turnover on the secondary bond market on MICEX Money Markets products enables clients hedging currency risk, managing liquidity and offers FX trading in major global pairs including USD/RUB, EUR/RUB OSL Services Custody, Clearing and Settlement services on over 30 exchanges and across multiple asset classes Multi currency account structure complemented by DMA and EDA to USD/RUB will help optimise your currency risks DRs creation and cancellation service allows arbitrage traders obtain maximum upside Innovative, cutting edge Risk Management tools enhances collateral utilisation Securities Lending and Equity Financing department having extensive relationships with major market lenders complemented by our inventory in Russian names offers seamless margin trading opportunities 8

9 AGENCY BROKERAGE XETRA LSE RTS MICEX FORTS 1 2 International Broker Partners OTKRITIE Securities Limited (UK) 3 Chi-X BATS Brokerage House Otkritie 3 CIS Markets 30 + markets Client 1 OSL is a UK registered, FSA authorised broker 2 OSL is a member of The London Stock Exchange, EDX London, Deutsche Boerse & Chi-X and offers access to global markets FIX or Direct API via Leased Line VPN/Internet Vendors Network and Front-Ends We support major connectivity networks and hubs Bank Otkritie FX DMA MICEX SELTS 3 OSL can provide direct market access to MICEX, RTS and FORTS 9

10 TECHNOLOGY AND CONNECTIVITY Low Latency & Algo Trading OTKRITIE has recently partnered with QuantHouse for clients to trade equities and derivatives on MICEX and RTS. This collaboration provides algo-trading community with exclusive access to Russian markets using a world class technology platform based on ultra low latency infrastructure, local knowledge and expertise. Dedicated robust and fully redundant infrastructure Exchange collocation solutions for trading at MICEX, RTS/FORTS, LSE and other global markets LONDON DATA CENTER 1 OSL proximity hosting MOSCOW DATA CENTER 1 OSL proximity hosting MICEX OSL co-location option The minimum of intermediate hubs and systems involved ensures efficiency and speed of data processing and transmission OTKRITIE industry-standard technology ensures reliable connectivity, smooth and lowlatency handling of orders with effective support for active trading styles QuantFEED, the end-to-end ultra low latency market data feed, captures raw data from within the exchange, performs microsecond decoding and delivers normalised data through a single API (C++, Java or C#). LSE LONDON DATA CENTER 2 OSL proximity hosting OSL Low Latency Network MOSCOW DATA CENTER 2 OSL proximity hosting RTS FORTS OSL co-location option 10

11 GLOBAL MARKETS Access to more than 30 equity and derivative markets with focus on Russia and emerging markets. Compatibility with all major international trading systems and global networks. Comprehensive global electronic trading solutions based on advanced order-routing, market data and connectivity technologies: Equities: Markets MICEX MICEX Currency/Futures RTS Classica RTS Standard LSE Derivatives: FORTS (Russia) MICEX (Russia) NYSE Euronext MSE (Canada) ICE Futures Canada (Canada) MexDer(Mexico) HESE (Finland) SFE (Australia) KLSE (Malaysia) SGX/SIMEX (Singapore) Direct Market Access (DMA) directly to a number of Russian and international exchanges Deutsche Boerse (Germany) NYSE/NASDAQ/AMEX Euronext Paris (PEX) NASDAQ OMX (USA) CME Group(USA) ICE Futures U.S. (USA) Euronext Amsterdam (Netherlands) Euronext Brussel (Belgium) Euronext Lisbon (Portugal) Execution Desk Access (EDA) routing orders to our trading desk for execution in care mode with real-time status updates on the client s side TSX (Canada) SAX (Sweden) SGX (Singapore) HKX (Hong Kong) WSE (Poland) ICE Futures Europe and other LME on-exchange traded contracts (Great Britain) EUREX (Europe) MEFF (Spain) IDEM (Italy) BMEF (Brazil) SAFEX (South Africa) TURKDEX (Turkey) AEX (Amsterdam) HKFE(Hong Kong) Bovespa (Brazil) TFE (Japan) Oslo (Norway) OSE( Japan) HESE (Finland) TOCOM (Japan) Chi-X (Europe) OBX (Norway) WSE (Poland) TAIFEX (Taiwan) 11

12 MICEX T+X TRADE FLOW Client routes order onto a segregated Otkritie Moscow (BHO) account where pre agreed risk limits are in place OSL Routes client order to Brokerage House Otkritie Russia All trades routed directly onto MICEX and executed within segregated account Client Brokerage House Otkritie Russia MICEX/RTS BHO Accts. Trade settles net DVP in DCC T+X OSL Client DVP Client Acct. End of day trades aggregated and buy/sell positions per line agreed and booked to client account OSL books trade to client on DVP T+X basis in RUB from the MICEX account at the end of the trading day 12

13 CONTACTS Otkritie Securities Limited is authorised and regulated by The Financial Services Authority ( FSA ) under reference number This presentation has been prepared for general information purposes only and data contained therein may be changed without prior notification. None of its parts, as well as the fact of its dissemination in itself shall not form the basis of or be relied on with any contract, obligation or an investment decision. This presentation shall not be seen as advertising of securities, or an offer or attempt to sell, exchange or in some other way to initiate a change in the ownership of securities, whereas it does not constitute fiduciary relationship and is not an offer. This presentation is not an investment analytical report and shall not comply with legal requirements for analytical reports. It has been prepared in order to allow the users to evaluate by themselves the issues, deals and companies mentioned therein. London Office 12th Floor, 88 Wood Street, London, EC2V 7RS, UK Phone: +44 (0) Fax: +44 (0) [email protected] Frankfurt Office OpernTurm, Bockenheimer Landstrasse 2 4, Frankfurt am Main, 60306, Germany Phone: Fax: [email protected] New York Office 1350 Avenue of the Americas Suite 730 New York, NY Tel.: [email protected] Moscow Office 12, bld.1, Yakovoapostolsky pereulok, Moscow, , Russia Phone: +7(495) , +7 (495) Fax: +7(495) (ext. 4955), +7 (495) (ext. 4955) [email protected]