Moscow. December 25. Bank of America, National Association (BANA) completes the logout process on the currency market of the Moscow exchange as a clearing member, according to a press release from the exchange.
In January 2016 it is expected to sign the remaining documents and began active trading operations that BANA will be delivered through the Russian bidder – “Merrill Lynch securities”.
Bank of America will become the first global Bank non – resident, received the status of a General clearing participant of the currency market of the Moscow exchange.
Moscow exchange from December 1, 2014, provided foreign exchange market participants the opportunity to gain a new status – “General clearing participant”, shared the status of trading participant and clearing participant. The new category gives the right of Russian and foreign financial companies to provide clearing services to trading participants, and other Russian and foreign banks, companies and individuals that conduct operations in the foreign exchange market of the Moscow exchange.