OREANDA-NEWS. March 24, 2011. OTKRITIE, one of the largest financial groups in Russia, has secured its status as a major player having scored top rankings in terms of trading volume and market share on the RTS, MICEX and LSE throughout 2010. OTKRITIE is continuing with its growth ambitions in 2011, reported the press-centre of OTKRITIE.

These latest results underscore OTKRITIE’s dominance in providing low-latency, electronic access to international and domestic participants to Russian related instruments globally. With a rapidly expanding client base ranging from tier one investment banks to boutique hedge funds, this growth is expected to accelerate.

OTKRITIE kick-started 2011 in top position by trading volume on the Russian Stock Exchange (RTS) Futures and Options (FORTS) and in February increased its total market share to 19%. This follows a consistent performance throughout 2010, with an average ranking of third for the year, rising to second in the final quarter.

In addition, OTKRITIE was consistently ranked first on the RTS Standard between January and December 2010, and has continued in pole position since January 2011. OTKRITIE’s strong performance in other critical markets of Russian securities includes two further results.

OTKRITIE polled an average ranking of sixth for the full year (fourth up from ninth position 12 months earlier) increasing to fourth in the final quarter on the Moscow Interbank Currency Exchange (MICEX). In December 2010, OTKRITIE held 4.65% of the market share in equities turnover.

OTKRITIE also ranked an average of seventh for 2010 (fifth up from 13th in January 2010) advancing to fourth in Q4 2010 on the London Stock Exchange (LSE) International Order Book (IOB). OTKRITIE more than doubled its market share during the 12 months from 3.05 to 6.91%.

Roman Lokhov, CEO of OTKRITIE Securities Limited and Head of OTKRITIE’s Global Markets and Investment Banking business, said:
"This major accomplishment highlights the outstanding partnership we have with our clients, as well as OTKRITIE’s dedication to keeping pace with the evolving financial market. However this is just the beginning. Our ambition, to be the dominant participant in the market, makes us highly dynamic and we have a clear strategic vision which will see both trading volumes, and subsequently our market share, surge. Our business continues to grow rapidly, and recent developments such as providing direct market access to Russian equity markets via our trading platform for institutional investors will enable us to compete further afield."