FX industry technology provider Edgewater Markets has announced new record volumes in Russian Ruble (RUB) trading for 2020, more than doubling the previous 2019 record for the currency.

Commenting on the record numbers, Telmo Simoes, EMEA Institutional Sales Director,

“I am very pleased with our 2020 results. It’s the culmination of our development of local Russian partnerships, credit remediation, and efficient distribution to our clients globally.”

This follows the company’s announcement in August, regarding exceptional H1 2020 metals performance. The two announcements coming during an ongoing pandemic, which the company said validates Edgewater Markets’ business model and value proposition, which provides added emphasis on less liquid pairs.

Demand has never been higher, with increases already experienced in January, we foresee significant growth for RUB in 2021,” stated Simoes. “A key part of the offering to our regional partners is innovative technology solutions that complement our distribution capabilities, advancing our strategic relationships and technical footprint in the region for 2021.”

With offices in London, New York, Singapore, Mexico City and Santiago Chile, Edgewater Markets continued focus on regional partnership has proven an effective growth strategy, attracting clients that require difficult to Regional and Emerging Market liquidity from across the globe.

Edgewater Markets is a global leader in technology driven multi asset electronic trading solutions to the institutional market. The company provides complete software solutions for banks, asset managers, and other financial institutions that optimize their trading, and competitively and efficiently access the global markets. Its suite of trading platforms, including EdgeFX.Pro and EdgeFXLatam, combine local market expertise with connectivity to the deepest and most diverse liquidity providers globally. Edgewater provides consistently competitive pricing for Spot, Swaps, Forwards, NDFs, Metals, and Digital Assets, and can be accessed over multiple channels (UI, API, WL, and third-party platforms).