Sberbank has won a Financial Innovation Award for Sberbank Markets, its multi-asset electronic trading platform for corporate clients and financial institutions. The awards ceremony was held in London.
Sberbank Markets offers online access to forex and money market instruments. The platform uses complex mathematical algorithms to automatically analyse available internal and external market liquidity and provides personalised prices to clients and counterparties. Transaction approval and processing are fully automated, which ensures secure, transparent and simple trading for users. Currently Sberbank Markets has more than 1,300 direct clients. The platform also provides personalised forex pricing via a number of other channels of the Bank, in particular, Sberbank Business Online.
“Sberbank Markets is a unique project in terms of the Russian market and has brought Sberbank level with global leaders of the financial industry,” commented Andrey Shemetov, Vice President and Head of the Global Markets Department of Sberbank CIB . “We are delighted that international experts have recognised our efforts.”
The Financial Innovation Awards celebrate the very best projects in the global banking and finance industries. The awards are organised by UK Finance and The London Institute of Banking & Finance.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 21 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.
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