January 25, 2021 - Edgewater Markets has announced today record volumes in RUB for 2020, more than doubling the previous 2019 record for the currency.
Telmo Simoes, EMEA Institutional Sales Director at Edgewater commented on the record numbers, “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.”
Today's announcement follows the announcement by Edgewater in August 2020 of strong H1 2020 metals volumes at the firm where the company announced that its volumes in precious metals had surged year on year to over $500 million in daily volume.
“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 access Regional and Emerging Market liquidity from across the globe.
Today's announcement from Edgewater gives another good indication of the firm's ability to expand during the global pandemic, in addition to the announcements of new hires over the past few months.. Edgewater is also currently looking to expand its team further, with an open position for an Institutional eFX/Precious Metals Salesperson in London and a Senior Full Stack Developer in New York..
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