BCS Global Markets Trading Volumes Breaking Records

BCS Global Markets Trading Volumes Breaking Records

• Roman Lokhov: "We are the most reputable and reliable online broker in the modern Russian market."

• BCS Global Markets, the investment banking division of Russia's largest online broker, posted record results in stocks and derivatives trading in the first quarter of 2020.

Extreme market volatility fueled by the coronavirus pandemic and the collapse of oil prices has driven trading volumes on the Moscow Exchange to record highs across all asset classes. According to the latest statistics, the average daily trading volume (ADV) of the Russian stock market in March amounted to 140.8 billion rubles. ($ 1.9 billion), up 283% over the previous year and 72% over February 2020. ADV for Russian shares in the first quarter amounted to 98.68 billion rubles ($ 1.45 billion), the highest since 2012. This is an increase of 171% over Q4 2019.

BCS GM, which provides brokerage, investment banking and corporate banking services to institutional, corporate clients and individuals with a high level of equity capital, last month recorded a record high monthly trading volume of 1.98 billion rubles (26.6 billion Doll.). During the first quarter, BCS GM also showed strong interest in shares, with trading volumes in this segment reaching RUB 872 billion. ($ 13.6 billion) in February and 805 billion rubles ($ 13 billion) in January.

As a result of continued strong performance, BCS GM's market share on the Moscow Exchange was 33% as of March 2020. In second place is the company with a market share of 9.97%. In addition, BCS GM is also the largest derivatives traders on the Moscow Exchange with a market share of 25.5%. In March, its trading volumes in derivatives reached a record RUB 7.937 billion. ($ 106.8 billion).

BCS Global Market CEO Roman Lokhov said: “The company's continued success in 2020, despite ongoing market volatility and global turmoil, demonstrates the reliability of BCS Global Market infrastructure, as well as the confidence of domestic and international investors in our experience and solutions. Our results show that we are the most reputable and reliable online broker on the Russian market today. Our pass-through architecture, market experience and unique value proposition will help us deliver the best possible service to our customers and ensure that they maximize the investment opportunities in the marketplace. ”

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Gnosis Developers Launch New Decentralized Cryptocurrency Exchange

The blockchain project Gnosis this Wednesday opened a new decentralized exchange Gnosis Protocol for users, writes The Block. According to the announcement, the Gnosis Protocol will allow trading "any limited slippage tokens."

During the closed beta testing phase, the Gnosis Protocol processed more than $ 2 million in transactions. According to the developers, the platform will provide minimal slippage, even for assets that usually have low trading volumes.

The user is invited to place an order on the exchange in any pair with an indication of the execution price limit. After that, the system will group orders and present them to other users to determine the most optimal way of execution. The user who proposes the best solution will take 50% of the commission that traders will pay in advance.

Each such auction will last 5 minutes; unfulfilled applications proceed to the next round. Therefore, the user will have to wait at least 5 minutes for his request to be executed, but this is not guaranteed. It is assumed that this approach will interest large traders and in certain scenarios will be more competitive than when using other decentralized exchanges.

The system also allows for so-called ring transactions. Typically, exchanges match one buyer to one seller, however, more than two people can participate in a ring trade using more than two assets. Thus, it is proposed to solve the problem of low-liquid trading pairs.

The Gnosis developers hope that their new product will interest DeFi protocols, especially those that use liquidation auctions such as Compound.