SBERBANK OF RUSSIA has announced the launch of comprehensive automation of treasury operations at the securities market. Developed by EGAR Technology, the system makes it possible to conduct real-time operations of the bank and its customers. Thus, SBERBANK enters the on-line trading market and, competitors admit, it may become a serious player because of ramified branch network. According to experts’ estimates, the on-line trading market grows at 20—30% annually. It is currently used by over 150,000 investors, providing over a third of the MICEX turnover, which totals $1.5b a day. Market leaders are BROKERCREDITSERVICE, FINAM, OTKRYTIE brokerage, TROIKA, ATON and WEB INVEST.
Source: BIZNES, August 25, 2006
