BCS Group News
Press releases, 2024
13
Nov
An important message of unlawful use of the BROKERCREDITSERVICE (CYPRUS) LIMITED name and related data and dissemination of the misleading information
Please be informed that we have become aware that a third party is promoting its services from the domain https://bcssp.com/ by posting misleading information stating that it is related to Brokercreditservice (Cyprus) limited with the reference to our registered number 154856, logo and authorization by Cyprus Securities and Exchange Commission (CySEC).
Please be informed that we have never authorized that person to act on our behalf. Our official website is bcscyprus.com.
We urge you to be duly cautious and to consult with CySEC website, particularly to review the list of the investment firms authorized by CySEC to provide investment and ancillary services www.cysec.gov.cy/en-GB/entities/investment-firms/ and the list of domains approved by CySEC www.cysec.gov.cy/entities/investment-firms/approved-domains/.
16
Sep
An important message of unlawful use of the BROKERCREDITSERVICE (CYPRUS) LIMITED name and related data and dissemination of the misleading information
Please be informed that we have become aware that a third party is promoting its services from the domain https://www.brokercredit.services by posting misleading information stating that it is a part of Brokercreditservice (Cyprus) limited with the reference to our registered number 154856, logo and authorization by Cyprus Securities and Exchange Commission (CySEC).
Please be informed that we have never authorized that person to act on our behalf. Our official website is bcscyprus.com.
We urge you to be duly cautious and to consult with CySEC website, particularly to review the list of the investment firms authorized by CySEC to provide investment and ancillary services www.cysec.gov.cy/en-GB/entities/investment-firms/ and the list of domains approved by CySEC www.cysec.gov.cy/entities/investment-firms/approved-domains/.
22
Jul
Provision of information and documents in case of participation in repurchase or replacement of the securities held on the account with Euroclear Bank or in case of receipt a direct payment related to such securities outside of Euroclear Bank
Dear Clients
In accordance with requirements of our upstream custodian, Euroclear Bank S.A./N.V. (“Euroclear Bank”), we are obliged to notify Euroclear Bank of any activity that impacts securities held on the account with Euroclear Bank and payments related to these securities.
If you participated or participate any time in the future in repurchase or replacement of the securities* held on the account with Euroclear Bank and/or received or receive any time in the future a direct payment related to such securities outside of Euroclear Bank, in order for us to comply with the requirements of our upstream custodian you are required to provide us with information on your participation in respective activities.
Information to be provided and deadlines
If you have already participated in the relevant activities, you shall provide the following information within 3 (three) Business Days from the date of this message to your client relationship manager using the contact details in our client guide:
- Your agreement number with us
- ISIN and number of securities
- Coupon/dividend record date
- The amount of RUB in the application with the national settlement depository
- Report issued by your depository or custodian on the day when the securities were credited to your account.
If you participate in relevant activities in the future, you shall provide us with the information within the following timeframes depending on the type of activity:
- Repurchase or replacement of securities – as soon as possible, but no later than 3 (three) Business Days after the date when the securities are credited.
- A direct payment related to relevant securities outside Euroclear Bank – as soon as possible, but no later than 3 (three) Business Days before the record date for the relevant payment.
IMPORTANT: Please note that the provided information may be used by Euroclear to correct cash and/or securities holding position in its books that means that your cash and/or securities holding position according to information provided by you may be withdrawn from our client account opened with Euroclear and your account opened with us accordingly. This also means that you might not an receive income on the relevant securities through us in the future.
Further actions
Upon receiving the information from you, we may request and you shall provide us the relevant instructions and documents in respect of your securities/income on the relevant securities to ensure compliance with the requirements of our upstream custodian and our internal procedures based on the Applicable Regulations and the requirements of our upstream custodian.
Euroclear fees
Euroclear Bank may apply fees for the processing of instructions associated with the relevant securities. If Euroclear Bank applies such fees, we will charge all the relevant fees to your account.
* Repurchase or replacement of securities include any type of activity irrespective of the legal form of such repurchase or replacement where you receive securities outside Euroclear Bank instead of securities held with Euroclear Bank
Yours sincerely, BROKERCREDITSERVICE (CYPRUS) LIMITED
22
Jul
Forthcoming changes to the commission structure for account management and custody of financial instruments in 2025
Dear Clients
In light of the evolving regulatory environment within the European Union, which aims to enhance the protection and transparency of financial markets, we would like to announce certain forthcoming adjustments to our fee structure. In early 2025, the firm is considering increasing the commissions charged for maintaining accounts and holding financial instruments in client accounts, as well as for opening accounts in certain cases. The details of the revised fees are under discussion and will be announced by the end of the year. The updated fee schedule will also be circulated to each of our existing clients personally, in advance. Please note that these adjustments are necessary to maintain the high standard of service and security you have come to expect from BROKERCREDITSERVICE (CYPRUS) LIMITED. We have taken great care to ensure that our fees remain competitive within the industry and allow us to maintain the integrity and stability of your investments whilst meeting the stringent requirements of the regulatory framework.
We value your trust and partnership with us and thank you for your understanding.
Yours sincerely, BROKERCREDITSERVICE (CYPRUS) LIMITED
Press releases, 2022
23
Aug
The Company has a RNAM status and has been a member of AIX ( Astana International Exchange) since 23.08.2022.
19
Aug
An important message of unlawful use of the BROKERCREDITSERVICE (CYPRUS) LIMITED name and related data and dissemination of the misleading information
Please be informed that we have become aware that a third party is promoting its services from the domain https://brokercreditserviceltd.net/ by posting misleading information stating that it is a part of Brokercreditservice (Cyprus) limited with the reference to our registered number HE 154856 and license № 048/04.
Please be informed that we have never authorized that person to act on our behalf. Our official website that is https://bcscyprus.com/.
We urge you to be duly cautious and to consult with Cyprus Securities and Exchange Commission (CySEC) website, particularly to review the list of the investment firms authorized by CySEC to provide investment and ancillary services https://www.cysec.gov.cy/en-GB/entities/investment-firms/ and the list of domains approved by CySEC https://www.cysec.gov.cy/entities/investment-firms/approved-domains/.
Press releases, 2021
27
Oct
S&P Global Ratings raised long-term issuer credit ratings (ICRs) on FG BCS to 'B+' from 'B' and on its subsidiaries - BrokerCreditService (Cyprus) Ltd., BrokerCreditService Structured Products PLC, and BCS Prime Brokerage Ltd.- to 'BB-' from 'B+'
5
Oct
World Investor Week (WIW) 2021 promoted by the International Organization of Securities Commissions (IOSCO) will take place from 4 to 10 October, 2021.
World Investor Week (WIW) is a week-long, global campaign promoted to raise awareness about the importance of investor education and protection, and highlight the need for action in these two critical areas. More information can be found on the dedicated website
4
Feb
An important message of unlawful use of the BROKERCREDITSERVICE (CYPRUS) LIMITED name and related data and dissemination of the misleading information
Please be informed that we became aware that the third parties promoting their services from the domains mentioned below by posting misleading information that they are part of the BROKERCREDITSERVICE (CYPRUS) LIMITED with the reference to the Company’s registered number HE 154856 and license № 048/04.
The list of domains: instantcryptoforextrades.com, www.upshotfinance.biz, global-vesco.ltd, www.raphaelfxinvestment.com, www.intlmc.com, www.cointradefxpro.com, coinstradingbit.com, rfmcorp.co, www.leadwayfinance.ltd, websitedigger.com/expertbittrading.com/about, www.wficorp.co, maximumfinancetrade.com, www.forex-earners.org, ifmcorp.co, alphabitfx.org, www.fasttrade.ltd, expert-earners.com.
Please be informed that we have never authorized these persons to act on our behalf. Our official website is https://bcscyprus.com/ and we have not authorized any persons to post information about the company on any other websites.
We urge you to be duly cautious and to consult Cyprus Securities and Exchange Commission (CySEC) website, to confirm the list of the investment firms authorized by CySEC to provide investment and ancillary services https://www.cysec.gov.cy/en-GB/entities/investment-firms/ and list of domains approved by CySEC https://www.cysec.gov.cy/entities/investment-firms/approved-domains/.
Press releases, 2020
1
May
BrokerCreditService (Cyprus) Limited became a Member of the Association for Financial Markets in Europe (AFME) which represents a broad array of global and European participants in the wholesale financial markets.
19
Mar
A message from management of BrokerCreditService (Cyprus) Limited Regarding COVID-19
The continuously evolving nature of the global coronavirus situation has meant we at BrokerCreditService (Cyprus) Limited (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees based in Cyprus office who can work from home without creating any even minor possible risk for business continuity will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.
Our business has robust infrastructure, thorough risk-management and leading IT systems in place that can withstand the disruption we all face. We have already rolled out strong contingency plans that will maintain the resilience of our business, and we can say with conviction that these measures will not affect our ability to provide you with the highest level of service, support, integrity and due-diligence you expect.
We will of course be monitoring and reviewing this arrangement on a continuous basis, and will keep you informed of all developments.
We are deeply appreciative of our clients’ continued support and understanding during these testing times and wish you, your colleagues and families good health.
If you have any questions or queries concerning these new arrangements, please do not hesitate to get in touch at any stage.
Thank you!
Press releases, 2017
1
Nov
Temporary discount programme for margin lending
We are pleased to announce to you a temporary discount programme for any margin lending undertaken between the 1st of November 2017 and the 31st of December 2017! Subject to this programme, if you have enrolled to the “Professional” tariff plan, the margin rate for any extra margin loan in US dollars will be set at 4% p.a. as opposed to the standard rate of 7%. The discount rate will be applied as of the end of the month with the difference shortly credited to your account with us.
Details of the programme are as follows:
- Start Date: 01.11.2017
- End Date: 31.12.2017
- Benchmark Date (upon which additional margin loans benefiting from the reduced rate will be calculated): 31.10.2017
- Margin loan (shown in your daily reports as margin credit in) outstanding as at benchmark date is equal to or exceeds $100
- Standard margin rate: 7%
- Discount margin rate: 4%
-
How the program works:
- The discount margin rate applies only for the period between the 1st of November 2017 to 31st of December 2017 provided you have enrolled to the "Professional" tariff plan.
- The discount margin rate shall be applied to any additional margin loans undertaken and outstanding during the said period at least for one night, and in addition to the outstanding balance as at the benchmark date.
- The difference between standard and discount margin rates will be credited to your account with us within ten (10) calendar days after end of each month (i.e. November, December).
----------------------------------------------------------------------------------------------------------------------------
The programme is directed at a limited group of active customers identified hereinabove. The programme is temporary in nature and shall not be construed as an obligation to provide margin trading facilities or continue applying a reduced margin lending rate upon expiry of the programme term. Any margin trading facilities may be refused, revoked or cancelled at any time and without explanation. The conventional margin lending rates discounted under this programme can be found at http://bcscyprus.com/f/margin_list.pdf.
Participation in the programme does not establish any advisory relationship. The programme does not constitute a public offer nor invitation or solicitation of any action based upon it and shall not be construed as investment advice. The programme does not take into account each investor’s individual needs, investment objectives and specific financial circumstances. Individual investors should ultimately rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions.
This is a marketing communication. Nothing contained herein amounts to any warranty or guarantee (express or implied) as to results to be obtained from the programme or performance or profitability of any investment. All investments are subject to risk of unpredictable loss in value, which may extend to a total loss of initial investment. Past performance is not a reliable indicator of future performance. Trading on margin may not be appropriate for all investors. There are numerous risks involved in the use of leverage that can significantly affect investment value. Further information on risks inherent to margin lending can be obtained at http://bcscyprus.com/f/acknowledgement-of-risks-150209.pdf. Investors should reconsider risks as well as their ability and willingness to assume them to prior to participating in the programme.
Press releases, 2016
24
Aug
Oleg Achkasov, Head of BCS Global Markets Equity Trading Russia, BCS Global Markets shared his view on the market on RBC TV
http://tv.rbc.ru/archive/pro_finansy/57bd8e489a794799de11a233
22
Aug
Marat Ibragimov, Senior Analyst BCS Global Markets on RBC. Expert
http://tv.rbc.ru/archive/specproject/57bab9089a79474e56a39231
17
Aug
Senior Analyst BCS Global Markets in Oil & Gas Sector Kirill Tachennikov with his oil price forecast for RBC. Expert (RBC TV)
15
Aug
BCS Global Markets Strengthens its Investment Banking Platform
Five new senior appointments continue driving BCS Global Markets’ expansion in investment banking
BCS Global Markets (“BCS”), the leading Russian independent equity house, today announced five new senior appointments in its recently formed Investment Banking team aimed at expanding BCS’ business and capabilities.
The new appointments include:
1. Igor Ushakov – Managing Director, who will be responsible for covering companies in metals and mining, industrials and power and utilities sectors. Igor has over 10 years of experience in investment banking. Prior to joining BCS he worked as a Director at Sberbank CIB, and prior to that he was a Director at Deutsche Bank and worked for Merrill Lynch in London.
2. Azer Mamedov – Managing Director, who will be in charge of covering clients in consumer, retail, telecommunications and technology sectors. Azer joins BCS with over 10 years of experience in investment banking. Prior to joining BCS, Azer held senior positions at UBS and Credit Suisse.
3. Alexey Kletenkov – Director, Head of Equity Capital Markets (“ECM”) who will be responsible for leading BCS ECM franchise across all sectors. Alexey has 9 years of experience in investment banking and equity capital markets, having worked for Sberbank CIB and Deutsche Bank in Moscow and JP Morgan in London prior to joining BCS.
4. Dmitry Kozyrev – Director, who will be responsible for covering clients in oil and gas and petrochemicals sectors. Dmitry has 9 years of experience in investment banking. Prior to joining BCS he worked for Sberbank CIB in Moscow and Renaissance Capital in Moscow and Kiev.
5. Oleg Zubarev – Director, who will be responsible for covering companies in financial institutions sector, joins after 9 years in corporate finance, having worked for Morgan Stanley and Nomura in Moscow and London.
BCS Investment Banking team has been led by Yuri Prilipov, who was a Managing Director at Sberbank CIB covering companies in oil and gas and oilfield services sectors. Prior to that he worked at VTB Capital in Moscow and Credit Suisse in Moscow and London.
The new hires follow the prior appointments of Oleg Achkasov, who joined as a Head of BCS Global Markets Equity Trading, and Aleksey Kupriyanov, who joined as Head of Debt Capital Markets (“DCM”).
Roman Lokhov, CEO of BCS Global Markets, said:
“The BCS team has extensive experience of M&A advisory, ECM and DCM deals in Russia and abroad, knowledge of key industrial sectors and long-standing relations with key industry players. We hire the best specialists on the market and invest in further development of investment banking as we believe that within 2 years this business line will bring significant revenue to BCS Global Markets”.
Yuri Prilipov, Head of BCS Investment Banking Department, added:
“We strongly believe in Russian market and plan to actively develop a strategic dialogue with corporate clients based on knowledge and experience of the new team, and the unique capabilities of BCS platform – a leader in Russian equities. BCS Investment Banking is focused on building long-term relationships with corporate clients and offering a range of value creative investment banking services, tailored to clients’ needs.”
http://www.automatedtrader.net/news/at/156092/bcs-global-markets-hires-five-senior-staff
http://www.atmonitor.co.uk/news/newsview.aspx?title=bcs-global-markets-hires-five-senior-staff
http://www.fow.com/3578328/Broker-BCS-expands-with-five-senior-hires.html
10
Aug
FG BCS Ltd – new holding company of BCS Financial Group – Rated 'B-/C'; Outlook Stable; BCS Holding International Ltd 'B-/C' Ratings Withdrawn
In 2016, BCS Financial Group introduced a new top-level holding company, FG BCS Ltd., to its group structure, and we will therefore eventually liquidate BCS Holding International Ltd.
S&P has assigned 'B-/C' ratings to FG BCS Ltd and has withdrawn the 'B-/C' ratings on BCS Holding International Ltd at the group's request.
The stable outlook on FG BCS Ltd reflects S&P’s view that the group will be able to withstand potential deterioration of operating conditions in Russia in the next 12-18 months, while maintaining sufficient capitalization and liquidity.
21
July
Bloomberg: Senior Analyst BCS Global Markets Oleg Petropavlovskiy commenting on Mechel
18
July
Mineweb: Senior Analyst BCS Global Markers Oleg Petropavlovskiy commenting on Mechel
http://www.mineweb.com/news/gold/gold-falls-turkey-president-asserts-control-failed-coup
16
June
BCS Global markets makes debut at SPIEF’16
Business leaders gathered at a private night organised by BCS Global Markets and the Fabergе Museum on 16th June 2016, during the 20th St. Petersburg International Economic Forum (SPIEF). Major Representatives from the worlds of culture and finance took part in the celebration which, according to the organisers, will become a recurrent event.
This year, guests were welcomed by Marc Faber, famous investor and billionaire, and a private concert by Dmitri Hvorostovsky, the world-famous opera singer, was also held.
Roman Lokhov, Chief Executive Director at BCS Global Markets commented: “BCS GM is developing steadily and has been enjoying robust volumes on the domestic market. Whilst the success of our business is something we must highlight, we also felt like it was a good opportunity for us to contribute to the cultural values of Russia. We were therefore delighted to collaborate with the Fabergй Museum, an absolutely unique venue, and to launch the event on the opening day of the 20th anniversary of the St. Petersburg International Economic Forum 2016.”
16
June
BCS Global Markets CEO & chairman, Roman Lokhov talks about how the lifting of sanctions on Russia would benefit his business and the country – CNBC for Saint Petersburg Economic Forum
15
June
Financial statements of 2015 demonstrated profit growth by 600% due to REPO transactions and margin lending
10
June
Kirill Chuyko, Head of Equity Market Research at BCS Global Markets, ranked leading EMEA analyst 2016 by prestigious financial magazine Institutional Investor
Kirill Chuyko, Head of Equity Market Research at BCS Global Markets, has been ranked the top EMEA analyst in 2016 by Institutional Investor magazine.
The 2016 Emerging EMEA Research Team Ranking’s selection process is based on a poll Institutional Investor holds amongst heads of research divisions and investment directors of global financial institutions on an annual basis.
Denis Zabolotnev, Head of Local Client Business Division at BCS Global Markets, commented: “This is real recognition of the success of the BCS Research Team which has been enjoying a leading position in Institutional Investor’s Ranking for years now. An investment bank is, first and foremost, made by individuals, and we put a lot of effort in building a world-class team of experts”.
This year, Institutional Investor polled 630 analysts and managers working at 375 different financial institutions and managing portfolios reaching a total volume of USD320 billion for the EMEA markets and of USD157 billion for the regional debt market.
In 2015, Institutional Investor ranked BCS Financial Group seventh, and the industry research report Metallurgy awarded Kirill Chuyko and Oleg Petropavlovsky, senior Analyst at BCS Financial Group, the second place in Russia.
Institutional Investor is an established name among global financial publications, and has been providing readers with vital and reliable analysis for fifty years. The publication implements proprietary research and rating activities, and their results are known to have a stringent assessment criteria.
7
June
Acquisition of US Broker Dealer by BCS Global Markets Approved by Regulator
FINRA approval formerly seals the purchase of Alforma Capital Markets, Inc.
New York, 7th June 2016 – Alforma Capital Markets, Inc., a New York-based US broker dealer, has taken a step closer to being acquired by BCS Global Markets, the largest securities broker on the Moscow Exchange, by achieving formal regulatory approval from US regulatory body FINRA (Financial Industry Regulatory Authority).
The transaction is expected to close within a couple of weeks, and will signify the official launch of operations for BCS Global Markets into North America, the world’s largest capital market. Once finalised the firm will be renamed BCS Americas Inc., and will provide brokerage and investment services to US-based institutional investors seeking to access Russian securities market.
With a significant market share of trades on the Moscow Exchange, reaching 25% of securities trading across all asset classes, BCS Global Markets has already received positive interest from local institutions, bearing witness to the growing appetite for Russian products in the US.
Luis Saenz, Head of Equity & Trading, BCS Global Markets commented:
“US-based institutions are the leading international investors in both emerging and Russian markets. The launch of BCS Global Markets’ operations in the US is confirmation of the Group’s ambitions to further develop investment from the region, and continue to tap into this exciting market.”
Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS, added:
“Amidst a challenging global backdrop, we have been granted regulatory approval from FINRA. This development is testament to how, in the past three years, BCS Global Markets has become one of the leading financial institutions in Russia through strategic investment in market expertise, products and infrastructure. As a result, we are now perfectly suited to bring these operational benefits to the US market.”
In the past three years BCS has become one of the leading independent financial institutions in Russia through strategic investment in market expertise and infrastructure. Its research team is one of the top rated internationally, and boasts robust best execution, financing capabilities and prime brokerage services.
http://www.intellinews.com/russian-broker-bcs-gets-wall-street-green-light-98638
6
June
BCS Global Markets Investment Bank is reinforcing its investment banking business
BCS Global Markets Investment Bank is reinforcing its investment banking team.
Yuri Prilipov, who formerly was responsible for work with the oil and oil service sectors at Sberbank CIB and worked in the investment banking departments at VTB Capital and Credit Suisse in London and in Moscow, has joined us.
Yuri has been appointed to the position of Head of Investment Banking at BCS Global Markets and will be responsible for expansion of the company in this segment.
Yuri Prilipov said:
“I am glad to join the team of BCS Global Markets, one of the most dynamic investment banks of Russia. I have an ambitious goal to build a new team of professionals for expansion in the investment banking segment. This is my new career challenge, and I will do my best to expand the platform of the Bank to facilitate achievement of goals by our clients in execution of M&As and attracting shareholder and debt capital. In the short-term perspective, we plan to attract several strong professionals from the market with solid experience with major Russian and international banks.”
Denis Zabolotnev, Head of Local Client Business Division at BCS Global Markets, commented:
“We have invested a lot of efforts and resources in development of the investment bank, and in three years BCS has become a leading independent financial company operating in the Russian capital markets. We have a market share of about 25% in all asset classes at Moscow Exchange, we have launched a quality product line for operation in the global markets, established a hi-tech prime brokerage platform, opened lines with international institutional clients, established relations with major international clients.
We continue implementation of the company development strategy, with a strong corporate finance department being its part.
We are sure that Yuri’s experience and professionalism will be useful for the investment bank, helping us maintain a high standard of services and bring them to a new level”.
31
May
Yossi Dayan, Head of Markets, BCS Global Markets writing for The Telegraph “Why we look forward to a resurgent Russia”
http://www.telegraph.co.uk/business/2016/05/31/why-we-should-look-forward-to-a-resurgent-russia
25
May
BNE: article covering BCS’ move to the United States and acquisition of Alforma. Head of Equity & Trading BCS Global Markets Luis Saenz commenting on American investors.
http://www.intellinews.com/the-siberian-born-brokerage-out-to-crack-wall-street-98207
24
May
Bloomberg: Chief Macroeconomist, BCS Global Markets Vladimir Tikhomirov commenting on Russia’s handling of the recession and foreign investments into the country
23
May
Capital Spectator: Head of Markets, BCS Global Markets, Yossi Dayan commenting on the impact of bets on a June Fed hike on emerging markets
http://www.capitalspectator.com/foreign-developed-market-stocks-in-the-lead-last-week
20
May
Bloomberg and Washington Post: Head of Markets, BCS Global Markets, Yossi Dayan commenting on the impact of bets on a potential June Fed hike
http://washpost.bloomberg.com/Story?docId=1376-O7EKQG6JIJUZ01-3FO0ULMARAPHPENRJIK18208NQ
11
May
Standard and Poor's Revises BCS Holding International Ltd and BCS (Cyprus) Ltd Outlooks To Stable.
Standard and Poor’s, the international ratings agency, has improved Rating Outlooks on both rated entities of BCS Group.
Therefore Ratings are affirmed as follows:
BCS Holding International Ltd: B-/Stable/C
BCS (Cyprus) Ltd: B/Stable/B
Standard and Poor’s highlights that BCS Group demonstrated substantial resilience to the challenging economic conditions in Russia. In particular, as says the agency, the Group managed to demonstrate substantial improvement in profitability in 2015 was driven by improvement of the Group's franchise, both in retail and corporate segments, and by a build-up of the international franchise.
Roman Lokhov, CEO of BCS Global Markets, said
“We are delighted that BCS is being recognised for its robust business approach and excellent fundamentals. We owe this mainly to the hard work of the individuals at the company, and the ongoing support of our clients. We are looking forward to continue growing our business lines, both domestically and abroad.”
11
May
Chief Strategist Vyacheslav Smolyaninov for RBC TV on “RBC. Expert” talking about Russian equity market correction in May.
10
May
Bloomberg and Freenews: Chief Strategist Vyacheslav Smolyaninov commenting on Russian markets’ recovery
http://freenews.xyz/2016/05/10/experts-have-predicted-a-reversal-in-the-russian-stock-market/
28
Apr
Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa
http://washpost.bloomberg.com/Story?docId=1376-O5OJCH6JTSEX01-6901DSFBEKOH3JAU6KLMTH06IL
25
Apr
Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa
http://washpost.bloomberg.com/Story?docId=1376-O5ZNJ06S972O01-7Q1CFIMSOM1H8T47CO25IS3TS7
21
Apr
Bloomberg and Mineweb: BCS Global Markets commenting on Alrosa
http://washpost.bloomberg.com/Story?docId=1376-O5OJCH6JTSEX01-6901DSFBEKOH3JAU6KLMTH06IL
12
Apr
Trade Tech Europe World Conference celebrated its 15th Anniversary on 12-13 April, 2016 in Palais des Congrиs de Paris
BCS Global Markets was one of the sponsor at Trade Tech Europe World Conference 2016 and CEO Tim Bevan participated in one of the panel discussions, along with other senior managers of prominent institutions such as Otkritie, FinEx Capital Management, Streets Consulting and Moscow Exchange.
The theme of the panel, “Trading Russian stocks- if the most sophisticated investors are investing, why aren’t you?” led to burning topics such as:
— How to get in on the action: What are the easiest and safest investment strategies?
— Current evaluation and challenges of the Russian economy and predictions for the future
— Riding the wave of volatility- are equities and equity-like products the answer?
— What are the returns and do they outweigh the risk?
The conference brought together equities trading personnel from across Europe and key emerging markets. Over 1,000 senior equity trading professionals gathered over two days to find solutions to their most pressing trading challenges and network with key market participants.
15 of the top 20 global asset managers and 70 top-level speakers were there to help defining best execution strategy, driving desk efficiency and improving compliance and cost control.
“TTE is still the premium equity trading event in Europe”, — commented Mr. Bevan.
12
Apr
12th April 2016: celebrating the 7th Annual Exchange Forum at the Ritz Carlton hotel
BCS Global Markets’ CEO Roman Lokhov moderated one of the discussion panels at the 7th Annual Exchange Forum. The panel was named “Technologies of Market Access: New Services and Opportunities”. Representatives from leading financial institutions including FinEx, Nordea Bank, Finam, Alfa Capital and Otkritie Broker also participated in the discussion.
Speakers discussed issues such as the competitive advantage of Russian brokers as well as prospects of sponsored naked access on the Russian stock market.
Individual investment accounts of retail clients also triggered heated discussions. For example, speakers conceded that the product’s successful development is mainly dependent upon end-investors’ awareness. This should however improve once the necessary legal changes are introduced. State guarantees for individual investment accounts by the Deposit Insurance Agency will most likely become a direct alternative to the deposits and thus should boost investment demand of the product.
11
Apr
Bloomberg, GH Wallstreet and Econotimes: Senior Analyst BCS Global Markets Olga Naydenova commenting on Sberbank
http://ghwallstreet.com/2016/04/11/russian-stocks-rise-to-3-week-high-as-ruble-gains-drive-sberbank
8
Apr
Bloomberg and Chicago Tribune: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on ongoing monetary and economic measures
1
Apr
From 24 to 27 March the World Class National Squash Center in Strogino hosted BCS Squash Russian Open 2016, during which the BCS Russian open PSA international qualifying tournament of the PSA (Professional Squash Association) series among men with the prize fund of USD 5,000 was held for the first time in this country. Geoffrey Demont from France won the first prize, leaving the second place to Daniel Poleschuk from Israel.
Players from the financial sector also competed for champion cups at the BCS Corporate Cup tournament.
32 participants working at such banks and financial companies as Morgan Stanley, VTB Capital, Gazprombank, Vnesheconombank, Otkritie Financial Corporation and others took part in the mixed category of the BCS Corporate Cup tournament.
The BCS Russian open PSA (Professional Squash Association) international qualifying tournament was also held as a part of the championship.
On Saturday evening after the game the participants went to a party organized in a restaurant in their honor.
Denis Zabolotnev, the managing director, head of the client business division at BCS Global Markets, the winner the honorable bronze medal in the BCS Corporate Cup tournament, made a welcome speech.
"We are happy to support healthy and dynamic sports like squash. This is the first tournament of this level in Russia, and we are pleased to become a part of history of the Russian squash. In addition to a great number of foreign participants of the PSA tournament, we were able to attract a lot of experts in the sphere of finance for participation in the BCS Corporate Cup tournament which we plan to hold in the future, too", he said.
Pavel Kiselev, Gazprombank, won the BCS Corporate Cup tournament, beating Valentin Mashkov 11-3, 11-5.
http://finbuzz.ru/bks-priglasila-srazitsya-v-skvosh
http://www.squash.or.at/aktuell/artikel/bcs-russian-open-2016
31
Mar
Bloomberg: BCS Financial Group on Sberbank’s ratings
28
Mar
BRICS Info: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Nestlé’s forecast for the Russian consumer market
http://www.brics-info.org/nestle-sees-turnaround-in-russian-consumer-decline
25
Mar
RT: Vladimir Tikhomirov, Chief Economist of BCS Global Markets commenting on Nestlé’s forecast for the Russian consumer market
25
Mar
BCS Global Markets’ Research Department and Equity Trading Desk organized a client meeting with Yandex top managers: CFO Greg Abovsky, Head of Yandex.Taxi Tigran Khudaverdyan and Head of IR Katya Zhukova. The meeting, which took place in Yandex’s Moscow headquarters, was attended by such companies as EWI Capital, M2M Private Bank, Quorum Asset Management, SPRING Advisors, Bonum Capital AM,VTB Capital AM, Gazprombank AM, Sberbank Private Banking and Uralsib AM.
The meeting reinforced our positive view on Yandex’s business and the stock.
Clients had the opportunity to discuss a range of current topics with Yandex management, including the Russian taxi market and Yandex’s plans to expand its coverage, stabilization of Yandex’s overall search share at 58%, and the prospects for its Turkish project amid geopolitical tension.
“Yandex remains a market favorite not only due to the resilience of its core business, but also its willingness to engage with investors,” said BCS media and industrials analyst Mitch Mitchell.
15
Mar
President of BCS FG shares his business experience with RBC and tells about his investment rules
11
Mar
BCS Global Markets co-sponsored the London Stock Exchange’s Annual LSEG CIS & CEE Conference 2016 held on March 11th
Two of our key speakers took part in the panel discussions.
Vladimir Tikhomirov, Chief Economist of BCS Global Markets, gave significant input into the Macroeconomic Outlook for 2016, while Tim Bevan, CEO of BCS London branch, contributed to discussions on Current Trading Flows in Russia, CIS and CEE, moderated by CEO of Turquois, Dr Robert Barnes.
Following the event, Tim Bevan commented: “It was a great opportunity to take part in the Annual LSEG CIS & CEE Conference 2016. Despite tough economic conditions, it was heartening to see that the Russia/CIS region still commands such investor interest and that the general outlook was so positive.”
11
Mar
International Financing Review: Matthieu Ressencourt Head of Derivatives Desk, BCS Prime Brokerage Limited commenting on Russian markets
http://www.ifre.com/bcs-bets-on-russian-equity-derivatives-revival/21238655.article
9
Mar
Research and Equity Trading Departments of BCS Global Markets organized a client meeting with Gazprom Neft management
The event took place at the prestigious Hotel National in the “Dr.Zhivago” Restaurant. BCS hosted representatives of biggest Russian and foreign funds, who had the opportunity to discuss with Gazprom management important questions such as the impact of changes in taxation and oil price on the company’s financial results, as well as the company’s main projects and strategic aims.
Senior analyst BCS Global Markets, Kirill Tachennikov commenting on the meeting: “According to client feedback, the meeting was extremely interesting and useful. It gave a clear picture on important aspects of the company’s activity and future plans. Generally, Gazprom Neft management’s comments left a very positive effect, confirming our Buy call on the name.”
22
Feb
Joseph Dayan, Head of markets at BCS Global Markets gives his view on Russia
11
Feb
BCS Global Markets hosts first BCS Russian Squash Open 2016 — a landmark event in Russia’s history of squash!
The Best Squash Players of Russia will meet in Moscow at the end of March. It will become the venue for BCS Russian Squash Open 2016 to be held in the National Squash Center, one of the best state-of-the-art centers in Europe, on 24-27 March.
Greatest squash tournament in Russian history – The tournament, held under the auspices of the Russian Squash Federation in partnership with the investment banking division of BCS Financial Group, BCS Global Markets, promises to be the greatest squash competition in the history of Russia. More than 200 sportsmen are expected to participate in the competitions in various categories.
National champions will emerge – The major competition will be in the elite categories. Russian squash leaders Alexey Severinov, Alexander Shilov, Roman Fetisov from St. Petersburg and Konstantin Kostrykin and Sergei Belyavev from Moscow will compete to be the national champion among the men, Irina Belyaeva and Anna Tuzlukova will be the main competitors for the gold medal among the women.
An international affair – Notably, the tournament will feature the performance of international professionals representing the Professional Squash Association in a separate category. Leading competitors of their countries, brothers Chris and Mark Fuller will represent England, Shehab Essam (Egypt), Sebastiaan Weenink (Holland), Christophe Andre and Geoffrey Demont (France), Daniel Poleshchuk and Roi Avraham (Israel). Players from Italy, Finland, Audtria, Latvia and Wales will also take part in the tournament.
The BCS Corporate Cup – A special tournament for finance professionals will be held within the championship, allowing representatives of the financial sector – known as big fans of squash – to demonstrate their skills and compete with each other for the ‘BCS Corporate Cup’.
Head of Client Business Group, BCS Global Markets, Denis Zabolotnev comments on it: “Russian Squash Open 2016 is a landmark event in the history of Russian squash and we are very excited to be a part of it. We have long intended to be more active in social projects and to connect the BCS Global Markets brand with an event that has a high profile on the national and international stage – the Squash Open allows us to do both. Squash in Russia is now actively developing, and there is also a good chance that it will be added to Olympic sports. This is also the first PSA level tournament in Russia – athletes from more than 10 countries and 6 players among the top 100 sportsmen in the world will participate. No less important for us is the opportunity to support young athletes, who will be able to show themselves in the junior tournament."
10
Feb
Reuters and Interactive Investor: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on economic reforms Russian officials are currently looking at to tackle the crisis
http://www.reuters.com/article/russia-economy-idUSL8N15N2SZ
http://www.iii.co.uk/news-opinion/reuters/news/294267
8
Feb
Bloomberg: Head of Client Business Group, BCS Global Markets Denis Zabolotnev commenting on Russian oligarchs
1
Feb
BCS Entering 2016 Maintaining Leading Market Share on Moscow Exchange
Despite a challenging business environment in Russia, and in financial markets globally, BCS Financial Group has maintained its dominant position in all areas of the Moscow Exchange, achieving more than 25% of trading market share in both Equities and Derivatives.
The details may be found below:
EQUITY: http://moex.com/ru/spot/members-rating.aspx?rid=115&month=12&year=2015
FORTS: http://moex.com/ru/derivatives/members-rating.aspx?rid=1
FX:
USDRUB_TOD, USDRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=2
EURRUB_TOD, EURRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=3
Rating by the volumes of client's transactions:
http://moex.com/ru/markets/currency/members-rating.aspx?rid=6
29
Jan
The Australian: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the impact of new parliamentary elections on the government and the economy
27
Jan
Reuters and Mail Online: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the impact of new parliamentary elections on the government and the economy
http://www.reuters.com/article/us-russia-economy-cuts-idUSKCN0V51WA
25
Jan
CNBC: interview with Joseph Dayan, Head of markets at BCS Global Markets “Should you invest in Russia’s economy?”
http://video.cnbc.com/gallery/?video=3000486701
http://www.cnbc.com/2016/01/25/worrying-data-raise-russia-recession-odds-economist.html
21
Jan
Financial Times: Luis Saenz, Managing Director and Head of Equity & Derivatives Sales and Trading commenting on the rouble
http://www.ft.com/cms/s/0/735be3d6-c01a-11e5-9fdb-87b8d15baec2.html#axzz3xtpc1x5x
Reuters, Mail Online and the Economic Times: Joseph Dayan, Head of markets at BCS Global Markets commenting on the rouble
http://uk.reuters.com/article/emerging-markets-idUKL8N1551P9
Press releases, 2015
31
Dec
Hellenic Shipping News: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Norilsk
http://www.hellenicshippingnews.com/norilsk-takes-first-yuan-loan-as-it-seeks-copper-project-funding
30
Dec
Financial Times: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Norilsk
29
Dec
Washington Post, Bloomberg, Energy Voice : Vladimir Tikhomirov commenting on Kudrin’s return to the political scene
http://washpost.bloomberg.com/Story?docId=1376-O04BY96TTDSB01-3TDTQ99K51PLB9NGS1DDSGUT7Iv
30
Nov
The Malay Online: Joseph Dayan, Head of markets at BCS Global Markets commenting in the context of a potential Gazprom fallout and a potential break in the relationship between Russia and Turkey
24
Nov
Bloomberg : Joseph Dayan, Head of markets at BCS Global Markets commenting on a potential break in the relationship between Russia and Turkey
16
Nov
Russia Beyond the Headlines: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the Russian central bank’s policy
15
Nov
Bloomberg: Mitch Mitchell commenting on CTC Media
Gulf Times: Vladimir Tikhomirov Chief Economist, BCS Global Markets commenting on the VEB bank bailout
28
Oct
Institutional Asset Manager: Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS commenting on the BCS’s results
Hedgeweek: BCS posts record profits despite challenging market conditions
The Trading Mesh: BCS Posts Record Profits Despite Challenging Market Conditions
http://www.thetradingmesh.com/pg/newsfeeds/bcsprime/item/848657
22
Oct
Bloomberg: Yossi Dayan, Head of markets at BCS Global Markets commenting on the Fed’s policy’s impact on markets
Bloomberg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on steel prices and companies
12
Oct
Bloomberg and City AM: Kirill Chuyko, Head of Research department commenting on overseas investors’ appetite for raw-material and emerging-market stocks
http://www.cityam.com/226332/russian-companies-are-fleeing-londons-stock-markets
01
Oct
BCS TO EXPAND INTO NORTH AMERICA WITH ACQUISITION OF US BROKER/DEALER
Alfa Bank’s US arm to be purchased in order to tap world’s largest capital market
BCS Financial Group, the largest securities broker on the Moscow Exchange, has made its first move into the North American market with entry into an agreement for the strategic acquisition of Alforma Capital Markets Inc., the wholly-owned New York-based subsidiary of Alfa-Bank.
BCS’ holding company and AO Alfa-Bank have signed an agreement where BCS will acquire 100% shares in the US broker/dealer upon receipt of US regulatory approvals. The company is due to be rebranded as BCS Americas Inc., and current CEO, David Denson will continue in his position. The business will continue to provide brokerage and investment services to US-based institutional clients seeking to access Russian markets.
Both parties are in the process of applying for approval of the transaction from US financial regulators (including SEC and FINRA). Once approval is granted the transaction will be closed, which is expected to happen by the end of 2015.
Roman Lokhov, Chief Executive Officer of Global Markets and Investment Banking at BCS added:
“Despite the temporary geopolitical challenges, US-based institutions remain the leading international investors in emerging and Russian assets. Therefore we see huge potential in the US for our business to seize significant market share. We expect the macro and geopolitical conditions in Russia to recover eventually, and believe this is the right time to invest in our ability to service the US and expand our platform.”
“BCS has held a prominent role in the Russian markets for over 20 years, and currently controls roughly 25% of securities trading across all asset classes on the Moscow Stock Exchange. Given this position, we are confident that US firms will seek our services, and we have already received positive interest from local institutions.”
Vedomosti
http://www.vedomosti.ru/finance/articles/2015/10/01/611042-alfa-bank-prodal-biznes
Reuters
http://ru.reuters.com/article/businessNews/idRUKCN0RV4BF20151001
Wall Street Journal
http://www.wsj.com/articles/bcs-financial-to-buy-alforma-capital-markets-1443715337
Hedgeweek
http://www.hedgeweek.com/2015/10/01/232177/bcs-acquires-alfoma-capital-markets
Traders Magazine
http://www.tradersmagazine.com/news/brokerage/russia-based-broker-bcs-buys-us-dealer-alforma-114475-1.html
FTSE Global Markets
http://www.ftseglobalmarkets.com/news/bcs-moves-in-on-alfa-banks-us-arm.html
Automated Trader
http://www.automatedtrader.net/news/at/154652/bcs-acquires-us-brokerdealer-alforma
24
Sep
Bloomberg: Vyacheslav Smolyaninov commenting on
23
Sep
Bloomberg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on the latest Russian tax proposal
22
Sep
Bloomberg: Vyacheslav Smolyaninov, Senior Economist, BCS Global Markets commenting on the latest Russian tax proposal and its potential impact on the economy and Russian companies such as Lukoil or Rosneft
21
Sep
BCS Financial Group, the largest securities broker on the Moscow Exchange, has been granted access to the world’s largest international central securities depository – Euroclear – through BCS Prime Brokerage Limited.
By using Euroclear, BCS Financial Group will broaden its product offering, enhance its operational efficiency, reduce risks and optimize the costs of trading, settlement and custody services.
BCS anticipates using Euroclear’s services in the European, UK (LSE IOB), US and Russian markets (local equities and government bonds).
Michael Barmettler, COO of Global Markets and Investment Banking at BCS Financial Group, said:
“This is another significant milestone for BCS, proving the stability and continuity of our national and international business and allowing us to further follow our growth strategy. We are always looking to develop and further expand our offering for clients. The Euroclear facilities broaden our transaction, settlement and custody services in a quick and cost efficient way. It helps reducing our risks, optimizing our cash and collateral management and further automating operations.”
Tim Bevan, CEO of BCS Prime Brokerage, added:
“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.”
Securities Lending Times
http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=220120#.VgAfJ99VhHw
Finance Magnates
http://www.financemagnates.com/institutional-forex/execution/bcs-financial-group-expands-settlement-capabilities-with-euroclear/
Fianancial IT
http://www.financialit.net/content/bcs-financial-group-streamlines-settlement-and-custody-services-euroclear-relationship
Automated Trader
http://www.automatedtrader.net/news/at/154567/russian-broker-bcs-granted-access-to-euroclear
21
Sep
Mineweb: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Rusal
27
Aug
Washington Post: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on Rusal
http://washpost.bloomberg.com/Story?docId=1376-NTN4UG6S972G01-37R41ID5K0T3MS1UKOG98VTDCQ
26
Aug
Washington Post and Sidney Morning Heraldg: Kirill Chuyko, Head of Research department, BCS Global Markets commenting on China’s weakening economy and its impact on Russian metals and mining markets
http://washpost.bloomberg.com/Story?docId=1376-NTMQU36JTSEA01-1EVQ4HGQLC55KT785UI41P387U
25
Aug
Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on Russian bond sales
24
Aug
Wall Street Journal: Luis Saenz commenting on the rouble
http://blogs.wsj.com/moneybeat/2015/08/24/which-currencies-are-being-hit-hardest
20
Aug
TASS: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on Kazakhstan
19
Aug
Business Insider: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice
Chicago Tribune: Luis Saenz commenting on Kazakhstan
18
Aug
Daily Telegraph: Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice
17
Aug
Bloomberg: : Vladimir Tikhomirov, Chief Economist, BCS Global Markets commenting on the government’s plan to tackle the crisis, and the “Soviet-like” choice
Dakota Financial News: BCS’s rating of Petropavlovsk
http://www.dakotafinancialnews.com/petropavlovsk-plcs-sell-rating-reiterated-at-bcs-pog/360156
15
Aug
GARP: Joseph Dayan, head of markets at BCS Global Markets commenting on the devaluation of the yuan and its impact on emerging markets
http://www.garp.org/#!/risk_intelligence_detail/a1Z40000002wG7fEAE
14
Aug
Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on the devaluation of the yuan and its impact on emerging markets
7
Aug
MoneyShow: Joseph Dayan, head of markets at BCS Global Markets commenting on the Fed’s rate hike and its impact on Emerging Markets
6
Aug
Bloomberg: Senior Economist, BCS Global Markets, Vyacheslav Smolyaninov commenting on the Kremlin’s aid to Russian companies
http://www.bloomberg.com/news/articles/2015-08-06/can-putin-save-russia-s-struggling-companies-
Azernews: Senior analyst BCS Global Markets, Kirill Tachennikov commenting on Rosneft
28
July
CNBC: Joseph Dayan, head of markets at BCS Global Markets, explains why he thinks Russia's central bank will "pause and wait" when it comes to cutting interest rates.
24
July
Bloomberg: Senior analyst BCS Global Markets, Olga Naydenova commenting on Russia’s growth
22
July
Bloomberg: Senior analyst BCS Global Markets, Marat Ibragimov commenting on Magnit
20
July
Bloomberg: Senior analyst BCS Global Markets, Yulia Safarbakova commenting on Ak Bars’ Eurobond plan
16
July
Bloomberg: Joseph Dayan, head of markets at BCS Global Markets commenting on China and Emerging Markets stocks
10
July
Bloomberg Business: Head of Research department, BCS Global Markets , Kirill Chuyko commenting on Norilsk.
09
July
Bradenton Herald: Joseph Dayan, head of markets at BCS Global Markets commenting on the impact of the Chinese situation on Russian investors.
08
July
Bloomberg Business: Head of Research department, BCS Global Markets, Kirill Chuyko commenting on Chinese mining stocks.
03
July
Finparty: Co-head of Equities and Corporate Finance BCS Global Markets Denis Zabolotnev shared his vision on market and uncovered the story behind BCS on its way from the biggest retail broker in Russia to one of the strongest institutional business.
25
June
The National Association of Securities Market Participants announced the winners of the annual "Elite of Stock Market" competition for 2014. The award ceremony was held on June 25th in Moscow City Golf Club.
BCS was the awarded first prize for being the "Best brokerage firm for institutional investors" and "The best company on the equity market". Comapny also won the main prize of the event, "Company of the Year" 2014.
9
June
BCS Financial Group Ranks High: 1st in Metals & Mining (Institutional Investor), 3rd Best Broker in Russia (Extel)
BCS Financial Group is delighted to announce that for the first time ever we have featured in Institutional Investor Magazine’s highly respected Research Rankings. The US based magazine produces an annual global rankings which includes rankings for analysts, money managers, and leading executives as well as a regional breakdown of all results. The 2015 Russia rankings saw BCS come straight in to the rankings at seventh for the overall annual sell-side ranking of analysts in the Russian market. As a testament to the quality of the research by the metals and mining team at BCS, Kirill Chuyko and his team were ranked 1st for metals and mining research in Russia with Kirill ranked 2nd as individual analyst. In other recent rankings BCS was, in the 2015 Extel rankings, announced as third best brokerage firm in Russia.
Commenting on the rankings Roman Lokhov, CEO, BCS Financial Group said, “Jumping straight in to the ranks, especially straight in at second for metals and mining research, is testament to the quality of BCS research and the hard work the team has done adding depth and quality to the company’s research capabilities. This is fantastic news for the research team to have their hard work rewarded and we look forward to furthering our positions in future Institutional Investor rankings as our research offering growths from strength to strength.”
http://www.institutionalinvestor.com/Research/5655/Overview.html
http://www.extelsurveys.com/ExtelSurveysHome.aspx
8
June
BCS Financial Group Expands in Europe with Eurex Membership
BCS Prime Brokerage Ltd, the international arm of BCS Financial Group, the largest broker of equities and derivatives on the Moscow Exchange, has been granted membership on Eurex, Europe’s largest derivatives exchange and the second largest globally.
BCS Prime has become a Non-Clearing Member (NCM), which allows trading participation and provides clients access to the Eurex exchange.
Clients of BCS now have access to some of Europe’s most traded contracts such as Euro Stoxx 50 and Dax, as well as additional liquidity in Eurex’s Russian derivatives. The Eurex Exchange offers more than 1,900 products covering all major and alternative asset classes including Russian equity indexes derivatives like RDXUSD.
This only strengthens BCS Financial Group’s presence and capability in Europe, adding up to its existing LSE Derivatives Market membership which grants the group access to the derivatives division of the LSE, the largest stock exchange in Europe.
Matthieu Ressencourt Head of Equity Derivatives Trading, BCS Financial Group said:
“Our membership of Eurex is yet another significant milestone as we grow and strengthen our international business. Joining the exchange will give both our international and Russian clients more options when trading, especially those based in Russia who will now have access to Europe’s largest derivatives exchange.”
Automated Trader
http://www.automatedtrader.net/news/at/153928/bcs-financial-group-expands-in-europe-with-eurex-membership
HedgeWeek
http://www.hedgeweek.com/2015/06/09/224698/bcs-financial-group-expands-europe-eurex-membership
Futures & Options World
http://www.fow.com/3460319/Eurex-adds-Russian-brokers-global-unit-as-member.html
26
May
SWISS Info: Senior Economist, BCS FG, Vyacheslav Smolyaninov commenting on investment risks in Russia
25
May
Bloomberg Business: Head of Research department, BCS FG, Kirill Chuyko commenting on Uralkali
7
May
Washington Post: Joseph Dayan, head of markets at BCS FG commenting on China and Russia’s equity markets
http://washpost.bloomberg.com/Story?docId=1376-NNYQ0Y6JTSE901-4LRTGNQ5G204IU19LF682QTDHB
5
May
CNBC: Joseph Dayan, head of markets at BCS FG commenting on the Russian economy
30
Apr
Bloomberg Business: Luis Saenz commenting on oil prices and their effect on the rouble
9
Apr
BCS Financial Group (BCS), the undisputed leader in equities and derivatives trading in Moscow, has appointed Vyacheslav Smolyaninov as Chief Strategist and Deputy Head of Equity Research
Mr Smolyaninov brings high caliber expertise, ranking among the top Russia/CIS strategists in major international surveys. He has ranked:
#3 Russian equity strategist – 2013 Thomson Extel survey
#5 equity strategist among domestic investors – 2012 Institutional Investor All-Russia survey
#2 Russia metals analyst – 2005 and 2006 Thompson Extel surveys, and
#4 EMEA metals analyst – Thomson Extel, Institutional Investor 2005 and 2006 surveys.
Kirill Chuyko, Head of Equity Research at BCS Financial Group commented: “We welcome the appointment of Mr Smolyaninov, who is a significant addition to our equity research team. He will be a key partner, especially when it comes to assessing market dynamics and consolidating sector analyses into an actionable investment strategy for the Russian market – both for our clients and BCS Financial Group.”
Mr Smolyaninov joins BCS from URALSIB Capital where he worked as Chief Strategist and Deputy Head of Research since 2009. In that capacity, Mr Smolyaninov supervised the firm’s equity strategy and valuation analysis techniques, leading a team of 30 professionals.
Prior to URALSIB Capital, Mr Smolyaninov worked in other top managerial and analytical positions both on sell- and buy-side, including Head of Russia & CIS Research at Generali PPF Asset Management; Senior Metals Analyst at URALSIB Capital along with Merrill Lynch & Co Inc. and Forte Capital.
Finance Magnates:
http://www.financemagnates.com/executives/move/bcs-financial-group-names-new-chief-strategist-and-deputy-head-equities
Securities Lending Times:
http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=219856#.VSePs_nF_Cm
8
Apr
Bloomberg Business: Kirill Tachennikov, Senior Analyst BCS FG commenting on Surgut
7
Apr
Bloomberg Business Middle East: Olga Naydenova, Senior Analyst BCS FG commenting on Russia credit
2
Apr
Bloomberg Business: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russian ETFs
2
Apr
The 6th Annual Exchange Forum took place on April 2nd at the Ritz Carlton hotel
The first session of the forum was dedicated to discussing economic and financial policies in the face of new challenges. It was attended by First Deputy Prime Minister Igor Shuvalov, Chairman of the Bank of Russia Nabiullina, President and Chairman of the Board of Sberbank of Russia German Gref and CEO of RUSNANO Anatoly Chubais.
Roman Lokhov, CEO of global markets and investment banking at BCS Financial Group, participated in a panel discussion devoted to the Russian equity market, where topics included: the new tools in foreign currency, bond markets, the development of retail investment, and new technologies of direct access (SMA).
Mr. Lokhov identified two factors that will help attract new investors, such as hedge funds and long-term investors (pension funds and sovereign wealth funds), to the Russian market. The first of these is the likely reduction in EU and US sanctions (presumably in the summer of 2015), the second is the stability and predictability of government policy in the medium- to long-term with a clear understanding of further structural reforms.
George Zarya, head of prime brokerage sales for CIS and Asia at BCS, participated in the session "Currency Derivatives instruments and foreign exchange market”. Mr. Zarya talking about investing in Russia: "US investors cannot trade the derivatives market because of the requirements of the regulator, and of course sanctions story doesn’t make things easier,” he said.
The Moscow Exchange said that the negotiations with the SEC are in process and an agreement should be achieved soon.
1
Apr
Bloomberg Business: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on recession forecasts
31
Mar
Bloomberg Business: Head of Research department, BCS FG, Kirill Chuyko commenting on Russian steel companies
26
Mar
Russia Today: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the rouble dynamics
26
Mar
Bloomberg Business: Luis Saenz commenting on the decrease in capital adequacy
25
Mar
IBM Commerce partnership announcement
Software Development
Finextra
http://www.finextra.com/news/announcement.aspx?pressreleaseid=59213
24
Mar
Gulf Times: Head of Research department Kirill Chuyko commenting on the rouble and its impact on the steel industry
23
Mar
Bloomberg Business: Joseph Dayan, head of markets at BCS FG commenting on the dollar and EM assets
22
Mar
Bloomberg Business: Senior analyst Yulia Safarbakova commenting on central bank funding
20
Mar
BCS Maintains Leading Market Share on Moscow Exchange
Despite a challenging business environment in Russia, and in financial markets globally, BCS Financial Group has maintained its dominant position in all areas of the Moscow Exchange, achieving more than 25% of trading market share in both Equities and Derivatives.
The details may be found below:
EQUITY: http://moex.com/ru/spot/members-rating.aspx?rid=119
FORTS: http://moex.com/ru/derivatives/members-rating.aspx?rid=1
FX:
USDRUB_TOD, USDRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=2
EURRUB_TOD, EURRUB_TOM: http://moex.com/ru/markets/currency/members-rating.aspx?rid=3
Rating by the volumes of client's transactions:
http://moex.com/ru/markets/currency/members-rating.aspx?rid=6
17
Mar
Interview of President of BCS Financial Group Oleg Mikhasenko for Vedomosti
‘We intend to purchase an international bank’
http://www.vedomosti.ru/finance/characters/2015/03/18/hotim-kupit-bank-za-granitsei
10
Mar
New York Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russian corporate bailouts
06
Mar
Forbes: Head of Markets of BCS Prime Brokerage Ltd. Yossi Dayan in ‘The Case For Investing In Russia’.
The article covers such topics as oil dependence and recession prospects, sanctions, currency, to more positive outlook for Russian exporters and ways to invest in Russia.
http://www.forbes.com/sites/chriswright/2015/03/06/the-case-for-investing-in-russia/
03
Mar
Gulf Times, Chicago Tribune & Steel Guru: Head of Research BCS FG Kirill Chuyko commenting on the Russian steel industry
13
Feb
CNBC: Vladimir Tikhomirov, Chief Economist, BCS FG for Holly Ellyatt’s at 'Storm is coming': Russians still fear crisis
06
Feb
Bloomberg: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the ruble
30
Jan
Standard and Poor's Rating Agency has confirmed BCS FG ratings - B for BCS Cyprus and B- for BCS Holding
S&P has highlighted a strong business position, the growth of trading volumes and stable revenue growth for BCS Financial Group. Throughout 2014 BCS has been the market leader in all areas of trading on the Moscow Stock Exchange increasing its share to 25.69% in the stock market and to 23.31% on the derivatives market.
Roman Lokhov, Deputy CEO of BCS Financial Group and Head of Global Markets and Investment Banking, said:
Traditionally, the rating agencies consider the risks of non-banking financial companies significantly higher than that of banks. This is mainly due to less regulation of financial companies compared to banks and a large variety of operations. In December 2014 Standard and Poor's officially published a separate risk assessment policy for financial companies, so we had to actually get re-rated. Maintaining our rating level in such a difficult investment environment, and talk of a possible decline of the sovereign rating of the Russian Federation, is a very positive result for the business.
30
Jan
Money News: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Russian Central Bank
http://www.moneynews.com/Economy/russia-interest-rates-cut-ruble/2015/01/30/id/621667/
29
Jan
FT Beyondbrics: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on Russia’s inflation and the Russian Central Bank
http://blogs.ft.com/beyond-brics/2015/01/29/guest-post-russias-inflation-dilemma
26
Jan
Bloomberg: Olga Naydenova, Senior Analyst, BCS FG commenting on Sberbank
http://www.bloomberg.com/news/2015-01-25/vtb-sberbank-outlooks-diverge-on-bad-loan-bets.html
12
Jan
Moscow Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the lack of financing in Russia and its impact on Russian growth
Press releases, 2014
09
Dec
Wall Street Journal: Luis Saenz commenting on the Russian Central Bank
http://blogs.wsj.com/moneybeat/2014/12/09/how-can-russia-turn-the-ruble-around/
08
Dec
Bloomberg: Yulia Safarbakova, senior analyst, BCS FG commenting on the Russian bond market
04
Dec
Joseph Dayan, head of markets at BCS Financial, says, ahead of a key speech by President Vladimir Putin’ on CNBC
‘The low oil price rather than sanctions are "crushing" the Russian economy’
21
Nov
BCS Prime Brokerage Limited continues its development into the Asian market
BCS Prime Brokerage Limited became a partner of one of the main conferences in Asia region TradeTech Asia 2014 that was held in Singapore on November 19-20, 2014.
Head of Sales, HFT and Algorithmic Trading George Zarya commented on BCS Asian strategy stressed on company’s attention on straightening ties with current partners and ambitious plans on expanding business over Asian market
http://tradetechasia.wbresearch.com/tradetech-asia-2014-post-show-report-ml
12
Nov
Forbes: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Russian central bank’s recent moves
http://www.forbes.com/sites/chriswright/2014/11/12/how-to-fix-the-rouble
10
Nov
Bloomberg: Luis Saenz commenting on rouble liquidity and the Russian central bank
http://www.bloomberg.com/news/2014-11-10/ruble-strengthens-2nd-day-as-putin-speaks-brent-climbs.html
21
Oct
Tim Bevan, CEO of BCS Financial interview at CNBC
‘Despite the volatility in the Russian market, people are still trading assets in the country because the country is "too big to ignore"
15
Oct
Tim Bevan Appointed CEO of BCS Prime Brokerage
Expansion of business for the Russian broker sees Bevan promoted to global managing role
London, 15th October 2014 – BCS Financial Group (BCS), the largest broker of equities and derivatives on the Moscow exchange, has appointed Tim Bevan to CEO of BCS Prime Brokerage. The new role will be responsible for all international operations including future growth strategy, new products and diversifying the business.
The CEO role has been created due to the rapid expansion of the ex-Russian business and following on from other senior appointments at BCS such as the recent hire of John Barker as Chairman and Max Hayden as Global Head of Prime Brokerage. This hiring spree, combined with the planned expansion and diversification of business lines has created the perfect climate for a CEO to lead operations outside of Russia.
In the last 18 months BCS UK operations alone have continued to grow with UK activity becoming a core entity within the BCS group for investment banking activity. BCS’ position in Russia has also become more dominant now accounting for 25% of both equity and derivatives markets and establishing itself as the leading FX broker, much of this due to business from international clients. The ex-Russian business now is set for rapid expansion with a 50% growth in headcount expected over the next 12 months.
Part of Tim’s remit as CEO will be to introduce new products and services in order to diversify global operations. This includes moving away from being a pure broker to become a leading liquidity venue for Russian and Russian related instruments. Growth plans also include diversifying the business lines in both geography and product, and expanding current financing operation activities.
Roman Lokhov, CEO, Head of GMIB BCS Financial Group, commented:
“Since opening our UK office BCS Prime Brokerage has grown significantly, we believe that now is the time to recognise this growth by creating a new CEO position for which Tim was the natural candidate. This position will give Tim and the senior team a more formalised structure to continue working towards new business lines outside Russia.”
Tim Bevan, CEO of BCS Prime Brokerage, commented:
“Since joining BCS we have worked hard to build the business outside of Russia and grow our range of products and services on offer to clients, this hard work has been rewarded and we are now the go-to broker for Russia and Russian products. The business outside of Russia is now at the size where it is an integral part of the BCS global operations and I am delighted that the board of BCS have recognised the work of the team by creating a CEO position for non-Russian operations which I am delighted to have been appointed to. I look forward to continuing to grow and expand our business in the coming years.”
Tim joined BCS Financial Group in 2012 from Otkritie Capital where he was Director of Global Electronic Trading, prior to this he was at RenCap working initially in delta-1 structuring and then equity sales. Tim started his career with eight years at the London Stock Exchange where he managed the Exchange Traded Fund and Exchange Traded Commodity and Securitised Derivates segments. Tim was also heavily involved in the launch of Russian DR derivatives on EDX.
Futures and Options World http://www.fow.com/3390509/BCS-promotes-Bevan-to-run-ex-Russia-unit.html?ArticleID=3390509
Automated Trader http://www.automatedtrader.net/news/at/152020/tim-bevan-appointed-ceo-of-bcs-prime-brokerage
22
Sep
BCS Financial Group selects Horizon Software for market-making and distributing Russian derivatives
September 2014, Paris: BCS Financial Group, the largest trader in Russia for Equities, FX and Derivatives, has selected Horizon Software to launch its derivatives market-making and distribution activities. Horizon will provide Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s flexible APIs will allow the market-making platform to be seamlessly integrated into BCS Financial Group’s existing infrastructure.
Matthieu Ressencourt, Head of Equity Derivatives Trading at BCS Financial Group, commented: “We went through a selection process to determine the best platform to support our business. Horizon was the clear choice, both from a functionality and technology perspective. They were able to implement the platform in a few weeks, allowing us to meet our tight deadlines. We use the platform to its full potential for quoting, auto-hedging, electronic eye, real-time risk management and connectivity to exchanges in order to better service our existing clients. BCS Financial Group will also benefit from Horizon’s latest developments on sophisticated volatility management, as well as embedded volatility and pricing models.”
Sylvain Thieullent, CEO of Electronic Trading EMEA and Americas at Horizon Software, commented:
“Our Company has 15 years experience working with financial institutions on market-making projects across various countries and regions. This experience has helped us to win BCS Financial Group and to get them up-and-running very quickly in numerous markets. This deal also reinforces our presence in Eastern Europe and Russia in particular, a key region where Horizon is investing substantially to serve its clients”
Forex Magnates: http://forexmagnates.com/bcs-financial-group-selects-horizon-software-russian-derivatives-market-making-2/
Finextra http://www.finextra.com/news/announcement.aspx?pressreleaseid=56790
Automated Trader: http://www.automatedtrader.net/news/at/151655/bcs-chooses-horizon-platform-for-russian-derivatives
13
Sep
The St. Petersburg Times: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the rouble
01
Sep
CNBC: Joseph Dayan, head of markets at BCS Financial on European Closing Bell commenting on the Ukraine crisis and Russian stocks
21
Aug
Bloomberg: Joseph Dayan, head of markets at BCS FG commenting on Russian stocks
19
Aug
QFinance: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the food import ban and Russian economy
18
Aug
CNBC: Joseph Dayan, head of markets at BCS FG commenting on Russia’ equity market
15
Aug
Bloomberg: Kirill Chuyko, Head of Research, BCS FG commenting on Russian equities
http://www.bloomberg.com/news/2014-08-14/russian-stocks-oil-link-fades-on-ukraine-outlook.html
11
Aug
Bloomberg: Vladimir Tikhomirov, Chief Economist, BCS FG commenting on the Ukraine crisis and the sanctions imposed on Russia by the West
23
July
London, 23 July 2014 - BCS, the largest trader on the Russian exchange, has appointed Matthieu Ressencourt as Managing Director and Head of Equity Derivatives Trading in London
Matthieu joins from VTB Capital where he headed up the equity volatility trading until departing in March 2014. Matthieu was one of the founding members of the equity volatility trading team in 2008 at VTB Capital and helped to develop both the institutional client business and options market making activity on LSE Derivatives, Eurex and the Moscow Derivatives Exchange.
Matthieu began his career with Credit Agricole where he worked in both New York and Paris as an Equity Derivatives Trader before moving to Lehman Brothers in London in a similar role. Matthieu will report to Joseph Dayan, Managing Director, Head of markets of BCS Financial Group in London.
Headgeweek www.hedgeweek.com/2014/07/23/207779/bcs-bolsters-equity-derivatives-trading-team-london
Reuters www.reuters.com/article/2014/07/23/moves-idUSL4N0PY35M20140723
Automated Trader www.automatedtrader.net/news/at/151014/bcs-expands-london-team
01
June
Dr. Vladimir Tikhomirov Appointed Chief Economist of BCS Financial Group
BCS Financial Group (BCS), the largest broker of equities and derivatives on the Moscow exchange, has appointed Dr. Vladimir Tikhomirov as its new Chief Economist. The new chief economist role will help drive strategic decisions in the BCS Financial Group and will lend his economic weight to helping to grow the business.
Dr. Tikhomirov joins BCS from Otkritie Financial Corporation where he has worked as Chief Economist since 2010, other positions include the same role at URALSIB Financial Corporation and NIKOIL Brokerage which he joined in 2001. Dr. Tikhomirov moved in to the finance sector after a successful career in academia where he held a number of prestigious posts in a career spanning over 20 years.
Dr Tikhomirov has been continuously ranked as one of the top macro economists on Russia/CIS in Thomson Extel and Institutional Investor surveys
Joseph Dayan, Executive Director and Head of Markets at BCS Financial Group commented:
“As BCS continues to expand we have made a number of strategic hires that will help develop our offering and provide direction for the business. Dr Tikhomirov is one of these who brings a huge wealth of knowledge about Russian and CIS markets, he will be a great asset to the team and lend his weight to helping BCS grow and mature its research capabilities.”
Most recently the doctor was appointed director of the Centre for Russian and Euro-Asian Studies and Senior Lecturer at the University Of Melbourne, Australia. He was also a member of the Executive Committee of Australia-Russia Business Council and Viceo President of the Australia association of Post-Communist Studies. Dr Tikhomirov has also held senior positions at the International University in Moscow, Russian Academy of Sciences and Wiwatersrand University.
He holds a Ph.D in Political Economy from the Russian Academy of Sciences and an MA in International Relations from Kiev State University as well as having authored five books and published over 100 articles.
Automated Trader http://www.automatedtrader.net/news/at/150451/bcs-appoints-chief-economist
eWallstreeter Hedge Fund News http://ewallstreeter.com/dr-vladimir-tikhomirov-appointed-chief-economist-at-bcs-financial-group-6669/
FINalternatives Hedge Fund & Equity News https://www.finalternatives.com/node/27215
15
Apr
BCS Financial Group, the largest trader of equities and FX on the Russian exchanges, has appointed Max Hayden as the new Head of Business Development at BCS Prime Brokerage in London
Max joined BCS at the beginning of March 2014, and reports to the London Board. Max’s primary role is to develop the BCS international platform and client base.
Max is the former Managing Director of the European Prime Brokerage business at Bank of America Merrill Lynch, and brings with him over 25 years of senior investment banking and industry experience.
During his time at Merrill Lynch he succeeded in various roles, including COO Global Equity Finance, and Head of Prime Brokerage Platform. During his long career at Merrill Lynch, and prior to that Smith New Court, Max was instrumental in building clearing and financing businesses, and in overseeing operations and derivatives product development. He started his career in traded options brokerage.
This development follows the recent appointment of the former Liquidnet Head of International, John Barker, as Executive Chairman of BCS - where his focus is on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulatory, risk management and compliance systems.
John Barker, Executive Chairman of BCS Financial Group commented:
“Max’s appointment reaffirms BCS’s commitment to, and ambition for, its international business and needless to say, his leadership and experience will be vital assets to the company as we continue our upward trajectory over the next few years. Max has a track record of success at the very highest levels of our industry and his appointment is proof positive of our ability to attract the best people in the marketplace”.
The firm has also hired Marat Ibragimov as Senior Equity Analyst to its growing research arm in Moscow. Marat will cover consumer discretionary, food retail, pharma and real estate markets.
Marat Ibragimov has 17 years of experience in financial markets. Prior to joining BCS, he worked as a Senior Equity Researcher Analyst at Uraislib Capital, where he also covered consumer discretionary, food retail, pharma and real estate markets. Previously, Marat was Senior Equity Researcher Analyst at Otkritie Bank and Citi Investment Research. He has a distinguished track record as a Russian equities specialist, and an extensive knowledge of Russian consumer, retail and real estate markets.
These developments follows the recent appointment of former LiquidNet chief, John Barker, as Executive Chairman of BCS - where his focus is on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulation, risk management and compliance systems.
Late last year BCS secured membership on the London Stock Exchange, further enhancing the firm’s ability to market to an international audience. The company was granted UK regulatory authorization by the Financial Conduct Authority (FCA) in June 2013, marking the official launch of its international brokerage business.
FTSE Global Markets http://www.ftseglobalmarkets.com/news/russias-bcs-makes-new-hires.html
Automated Trader http://www.automatedtrader.net/news/at/149892/bcs-hires-former-md-of-bank-of-america-merrill-lynch-prime--brokerage
Reuters http://www.reuters.com/article/2014/04/15/financial-moves idUSL3N0N72BV20140415
07
Apr
FC BCS continues to keep the absolute leadership by turnover on the Equity section of the Moscow Exchange (the main trading mode T +), achieving the #1 in ranking in March 2014
Market share over the past months has increased from 17.43% in November 2013 to 27.47% in March 2014.
03
Apr
BCS Announces Partnership with Orc, Granting Russian Market Access to International Investors
BCS Financial Group, the leading financial group for the Russian markets, today announces a partnership with Orc, the global leader in derivatives trading technology, which allows Orc’s clients to trade Russian securities and derivatives on the Moscow Exchange (MoEx) and on the London Stock Exchange (LSE).
This partnership allows Orc users to send order flow via BCS and therefore obtain Russian market access on competitive terms using a state of the art trading platform. The new MoEx offering specifically targets investors who have no Russian presence and thus are excluded from exchange membership, with the new service most suited to propriety trading shops and brokers.
Audrey Faveeuw, Director, Intl. Prime Brokerage Sales, BCS said:
“International investors increasingly want access to the Russian markets and expect the highest standard of trading infrastructure. This partnership with Orc is ideal for our clients as it includes BCS’s Russian deep market knowledge and Orc’s leading trading technology and electronic execution solutions.”
Martin Nilsson, Head of Product Management, Orc Group AB said:
“We are excited about this new offering, which complements our already existing Russian connectivity solutions. By working with BCS, a leading Russian broker, Orc is now well positioned to deliver on a growing business demand, whilst strengthening our market access offering”.
Orc and BCS are also looking to extend the partnership to cover additional Russian markets, including currencies.
18
Feb
BCS Prime Brokerage Limited has presented Russia as partner and sponsor of EMFX Singapore 2014
Conference, that took place on 18th of February at Singapore Marina Bay Sands.
George Zarya, Head of Sales, HFT and Algorithmic Trading, BCS FG, took part in the panel discussion on “Battle between EM voice broking and algo trading”, exploring how the automated trading revolution is going to develop in Asia and what this means for the overall liquidity of the market and discussing how useful are algorithmic FX trading strategies in Asia
27
Jan
FG BCS secures membership on London Stock Exchange
BCS has also recently secured membership on the London Stock Exchange, further enhancing the firm’s ability to market to an international audience. The company was granted UK regulatory authorization by the Financial Conduct Authority (FCA) in June 2013, marking the official launch of its international brokerage business.
Tim Bevan commented:
“Receiving membership for the London Stock Exchange is a statement of our intent internationally, and a clear and positive demonstration of our ambition to become a major player in the market.”
27
Jan
Former Liquidnet Europe Chief John Barker Appointed Executive Chairman of BCS
BCS has appointed John Barker as Executive Chairman of BCS Financial Group (“BCS”) in London. John started his new role at BCS in January 2014.
John brings more than 20 years of management experience in the financial market to the firm. He was formerly the Managing Director and Head of International at Liquidnet Europe Ltd. He has also held various senior positions at Instinet Global Services Ltd, including Director of Operations, Head of Trade Support and managing the membership of multiple exchanges, clearing and settlement systems. During this time, John was also a Board member at Instinet.
The new Executive Chairman role at BCS will primarily focus on driving the business strategy for the international business, and for overseeing corporate governance issues such as the regulatory, risk management and compliance systems. John has acted as a non-executive director at BCS since January 2013.
Tim Bevan, Managing Director of BCS Prime Brokerage commented:
“Since receiving FCA approval in June last year, the BCS international business has gone from strength to strength. It is crucial that as we continue to expand that we have the right people and infrastructure firmly in place. John’s leadership skills, knowledge of the buy and sell side, and his reputation and credibility in the market will add significant value to the firm as we seek to build on our early successes.”
Wealth Management http://wealthmanagement.com/industry/moves-morgan-stanley-coutts-london-stock-exchange-bcs-prime
Ewallstreeter http://ewallstreeter.com/moves-morgan-stanley-coutts-london-stock-exchange-bcs-prime-5479
InvestmentEurope http://www.investmenteurope.net/investment-europe/news/2323996/bcs-appoints-exec-chairman-to-push-international-business
Press releases, 2013
12
Dec
BCS Hires Senior Trader to Start Up UK Equity Trading Operations
- Financial News http://www.efinancialnews.com/story/2013-12-07/financial-news-trading-places-7-12-2013
- The Trade http://www.thetradenews.com/news/Trading___Execution/Brokerage/BCS_hires_senior_trader_to_start-up_UK_equity_trading_operations.aspx
- Wall Street Letter http://www.wallstreetletter.com/news/bcs_hires_senior_trader_appoints_executive_board_director
- eWallstreeter http://ewallstreeter.com/bcs-hires-senior-trader-to-start-up-uk-equity-trading-operations-6057
12
Dec
BCS Financial Group has won the title of the 2013 Best Brokerage Company on Russia’s bond market after voting closed at the Cbonds Awards, in which more than 600 professional market participants took part. Additionally, Leonid Ignatyev, Head of BCS Fixed Income Research, was placed among the top three analysts for the Best Fixed Income Analyst award.
12
Dec
BCS Financial Group has been announced winner of the 2013 Breakthrough Award for the highest increase in trading volume in 2013 at the Moscow Stock Exchange Derivatives Market awards ceremony. Trading volumes on the futures market have risen by more than 66% compared with last year’s statistics.
23
Oct
BCS Prime Brokerage Partners with ARQA Technologies to Implement Back-Office Automation Software
- Automated Trader http://www.automatedtrader.net/news/at/145303/bcs-partners-with-arqa
- Silobreaker http://news.silobreaker.com/bcs-partners-with-arqa-technologies-5_2267191533365100761
- Hedgeweek http://www.hedgeweek.com/2013/10/23/191464/bcs-partners-arqa-implement-back-office-automation-software
- FTSE Global Markets http://www.ftseglobalmarkets.com/news/bcs-opts-for-arqa-back-office-software.html#sthash.zuGNtJZ0.dpuf
9
Sep
BCS Prime Brokerage selects Succession Systems to implement new ultra low latency pre-trade Market Access Risk System for proprietary trading
- Hedge Week http://www.hedgeweek.com/2013/09/10/189807/bcs-selects-succession-systems-pre-trade-market-access-risk-system
- Waters Technology http://www.waterstechnology.com/buy-side-technology/news/2293406/succession-selected-by-bcs-for-market-access-risk-management
- FTSE Global Markets http://www.ftseglobalmarkets.com/news/bcs-upgrades-pre-trade-risk-system.html
6
Sep
BCS Financial Group has been ranked number one on MOEX FX Market in terms of aggregated trading volumes for main currency pairs USD/RUB, EUR/RUB for August 2013.
19
Aug
BCS Prime Brokerage Unveils Fastest Trading Connection between London and Moscow
- FTSE Global Markets http://www.ftseglobalmarkets.com/news/bcs-unveils-london-moscow-trading-link.html
- Financial News http://www.efinancialnews.com/story/2013-08-19/bcs-launches-high-speed-london-moscow-link
- Banking Technology http://www.bankingtech.com/160302/bcs-opens-low-latency-london-to-moscow-link/
21
May
BCS Expands its International Sales and Research Teams
20
May
BCS Granted FCA Authorisation; Launches International Brokerage Arm
- Financial Times http://www.ft.com/cms/s/0/8d357b9a-d900-11e2-84fa-00144feab7de.html#axzz2WjxmBgyp
- Euroweek (£) http://www.euroweek.com/Article/3221156/BCS-Prime-Brokerage-gets-London-licence.html?ArticleID=3221156&eventlogin=Login&login=1&actionname=login&eid=E017
- Hedge Week http://www.hedgeweek.com/2013/06/20/186162/bcs-granted-fca-authorisation
- Global investor http://www.globalinvestormagazine.com/Article/3221144/BCS-Prime-Brokerage-granted-FCA-authorisation.html?utm_source=twitterfeed&utm_medium=twitter
17
Apr
BCS Bolsters its Management Board; Hires Bring 35+ Years’ Experience
18
Mar
BCS Expands Analyst Team with Igor Goncharov Appointment
15
Mar
BCS Initiates Equity Research Coverage of The Moscow Exchange
18
Feb
