Transcript Russia Onshore Update

RUB in the e-OTC market
September 2013
Darryl Hooker – Global Head of Emerging Markets
© EBS 2012 Confidential
RUB Growth
Avg Number of Counterparties
•1522% increase in the average number of
Jun-13
Apr-13
Feb-13
Dec-12
Oct-12
Aug-12
Jun-12
Apr-12
Feb-12
Dec-11
Oct-11
Aug-11
Jun-11
Apr-11
Feb-11
Dec-10
Oct-10
Aug-10
Jun-10
Apr-10
Feb-10
Dec-09
Oct-09
counterparties from Oct 2009 to Jun 2013
Average Daily Volume
• 6081% increase in RUB ADV from
Oct 2009 to Aug 2013
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An ICAP Group Company
RUB onshore/offshore split
In June 2011, 49% of RUB volume was done
offshore.
In June 2013, 80% of RUB volume was done
offshore.
© EBS 2012 Confidential
An ICAP Group Company
Market Share Projection
E-OTC vs Exchange
E-OTC is now 50% of the size of the Exchange in Spot RUB products
© EBS 2012 Confidential
An ICAP Group Company
EBS’ global presence
• EBS connects customers in approximately 50 countries globally
• Customers trade RUB on EBS in 27 of these countries.
• 60% of bank codes that have entered RUB SSIs have traded RUB
© EBS 2012 Confidential
An ICAP Group Company
Summary
• RUB volumes have increased by 6081% on EBS since 2009.
• In August 2013, 80% of the RUB volume was traded offshore.
• In Spot RUB products, E-OTC is now 50% of the size of the Exchange.
• 40% of bank codes that have entered RUB SSIs haven’t traded RUB.
• RTGS
• CLS
EBS expects the market to double and then double again on these
tipping points….
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© EBS 2012 Confidential
An ICAP Group Company
EBS Dealing Resources
International Limited
2 Broadgate
London
EC2M 7UR
+44 (0)20 7000 5000
www.ebs.com
Company number: 02669861
Contact details: [email protected]
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© EBS 2012 Confidential