BCS Financial Group, the largest securities broker on the Moscow Exchange, can now access Euroclear, the world’s largest international central securities depository, through BCS Prime Brokerage.
Euroclear will allow BCS to broaden its product offering, enhance its operational efficiency, reduce risks and optimise the costs of trading, settlement and custody services.
Tim Bevan, CEO of BCS Prime Brokerage, said: “The Euroclear membership is one of a number of building blocks BCS will put in place over the coming months.”
“The membership approval proves our sustainable business strategy and allows further international expansion. We have managed to strengthen our business despite the difficult market conditions in 2014.”
