SKB Bank Deploys Refinitiv OMS

Regional Russian player SKB Bank (Sinara), has deployed Refinitiv’s OMS solution, which was built with Quod Financial, on its newly-launched multi-asset class platform.

The bank will use the integrated one-stop market information source with a broad variety of high-quality data, across its equities, derivatives and FX business, it will also provide automated data-driven trading, deployment capabilities, and enhanced analytics in real-time.

The new solution focuses on low-latency routing and execution and incorporates all major asset classes for order management, algorithmic trading, and machine learning-driven automation.

“The new market data solutions allow us to differentiate ourselves in the market by being the first to launch unique trading solutions in Russia’s growing capital markets space,” says Roman Lokhov, CEO at SKB Bank (Sinara). “This comes in line with our long-term vision to implement cutting-edge technologies to give intuitive insight into our decision-making process and performance on an order-by-order basis. With the system’s enhanced ML capabilities, SKB will now be able to handle increased workloads in complex trading environments.”

Antonio De Gregorio, managing director, central and eastern Europe at Refinitiv, explains, “The new system is data-driven and can extract data patterns using live market intelligence. This feature, among many others, is a crucial technology utility for traders pursuing efficiency, reliability, and powerful predictive analytical capabilities.”

Meanwhile, Medan Gabbay, chief revenue officer at Quod Financial, says, “The new trading system is focused on achieving trading effectiveness to improve decision making, reduce cost, and mitigate execution risk. SKB (Sinara) clients can achieve better Alpha with an enhanced trading automation technology. Traders will now leverage new and advanced workflows with low latency automation to reduce trading impact.”