The Foreign Exchange Professionals Association (FXPA), which represents the collective interests of professional Forex industry participants to advance a sound, liquid, transparent and competitive global currency market to policy makers and the marketplace announced yesterday the addition of the Moscow Exchange (MOEX) as full members of the FX trade association.
“The Moscow Exchange is extremely honoured to have joined the Foreign Exchange Professionals Association. The FX industry is going through profound changes at present and we believe through the single voice and leadership of the FXPA we can build a better, more stable and more transparent market structure that will benefit all participants in the market.
The Moscow Exchange brings more than 20 years of experience to the table in running centrally cleared FX cash and swap order books that typically trade over $25bln a day and we feel that joining FXPA is the best way we can share that knowledge with other market participants and regulators,” says Igor Marich, Managing Director, FX & Money Markets at Moscow Exchange.
Moscow Exchange has been establishing itself as a extremely competitive and viable exchange option for clearing futures FX contracts and options. Setting a recent record, volumes have continued to climb within ruble pairs and all other major currencies. You can view the latest MOEX FX volume chart below.
To read more about the FXPA, click here.