The disabling of Moscow’s Bloomberg terminals, which provide investors access to real-time market data, investing analytics and proprietary trading platforms, was illustrative of the severing or Russia’s capital markets from the global financial system.Ī tsunami of sanctions decimated any deal-making in Moscow and triggered an exodus of international investment banks. “It’s not ideal but it’s better than being cut off completely, as we were.” “About a dozen guys in our department take turns to use a laptop which accesses the Armenia subscription via a VPN and Bloomberg Anywhere,” a trader at a top Russian private lender told bne IntelliNews. That service, which can be accessed remotely via Virtual Private Networks (VPNs), has been sold on to bankers in Moscow at a significant premium to the $2,500 a month charged by Bloomberg. Moscow traders say they are still using the vast array of Bloomberg’s data and analytical functionality despite access to their terminals being disabled after President Vladimir Putin invaded Ukraine.Ī Russian entrepreneur, who relocated to Armenia after the invasion, is understood to have paid for a bank of terminals to be installed in an office in the capital Yerevan. Investment bankers and brokers in Moscow are accessing Bloomberg terminals remotely via subscriptions in Armenia a year after the US media giant cut access for all its Russian clients, bne IntelliNews can reveal.
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