Sucden Financial goes live with Bierbaum Pro (NTPro)

August 12 2020 - Sucden Financial has announced today that it has become a Principal on the BierbaumPro trading platform, branded as NTpro in Russia.

BierbaumPro/NTPro’s clients can now access Sucden Financial’s customisable liquidity streams. The integration utilises servers in LD4 and a new dedicated high-speed connection to DSP datacentre in Moscow. Sucden Financial has a long-standing commitment to the region, with the company having a Moscow office for many years.

Aleksei Suturin, Sucden Financial’s Moscow representative said, “Our new BierbaumPro/NTPro integration allows us to grow our presence in the CIS and Europe, providing low latency streaming within a single eco-system. The new high-speed connection will also help us develop additional credit intermediation opportunities with institutional clients, both locally and internationally.”

Vyacheslav Kashigin, CEO NTPro commented, “We are delighted to be working with Sucden Financial, one of the world’s leading and most innovative FX providers. As a result of our cooperation, Sucden Financial will be able to offer technically advanced, efficient low latency trading services to its clients in the CIS and EU countries.”

In March this year, Moscow Exchange (MOEX) announced the purchase of a minority stake in BierbaumPro AG. BierbaumPro holds a 100% ownership stake in NTProgress, the Russian company behind the development of the proprietary OTC FX platform NTPro. Launched in 2016, NTPro is now one of the leading platforms for the Russian FX market, with a client base of over 30 local banks.