Only five months passed from the creation of trading team, which supervised the development of the infrastructure, to the full-fledged trading launch.
The results of 1.5 months test trading have demonstrated the efficiency of the strategy chosen. By November 2008, VTB Capital already occupied the 22nd position in MICEX rating in terms of volumes (http://www.micex.ru/markets/stock/members/topoperators/631) and the 10th place in the RTS Classical Market rating. In terms of stock and bond REPO turnovers, VTB Capital has achieved primacy in November by far exceeding the results of other market parties. Thus, VTB Group has attained the position of the most significant REPO operator in Q4 2008, leveraging from number 26 in March 2008 to number 1 in November.
Andrei Girichev, Head of Equity Trading of VTB Capital said: “Having launched the research product in September and established the core of the sales force in the course of August-October, we have now added the third key element in the equities triad – trading. By constantly developing and improving our product, we are now able to provide fully-fledged brokerage services corresponding to international standards to our clients in Russia and abroad”.
“The timing of VTB Capital’s equity brokerage launch could not be better,” – Alexey Yakovitsky, Global Head of Research and Co-Head of Equity Trading, VTB Capital, added. – “While the indexes are probably not far from their bottom and the competition in the brokerage segment is significantly weakened, VTB Capital possesses all the necessary resources to bring actual vision and new investment ideas to the market – completed efficient infrastructure, a team of high qualified specialists, and a sustainable VTB Group platform”.
VTB Capital (www.vtbcapital.ru) - the Investment Business of VTB Group – has headquarters in Moscow and offices in London and Singapore. It focuses on arranging operations in the debt and equity markets, advising clients on ECM and M&A deals in Russia and abroad, and developing private investments, as well as handling operations on the global commodities markets and asset management. We aim to provide our clients with products and services of the highest quality and to find new solutions in the face of the challenges of the current market.
Head of Press