Alpari was among the companies invited to take part in the 2013 St. Petersburg International Banking Conference, held July 10–13, 2013, in St. Petersburg, Russia. Also attending the conference were more than 100 leading banks and financial companies from Russia, the United States, Great Britain, France, Germany, Switzerland, Austria, Ukraine and many other countries.
The conference provided a forum for representatives from the financial community to get together and discuss some of the current issues faced by the banking industry, including the adoption of electronic ruble trading and how to best integrate new technology aimed at increasing liquidity.
Konstantin Efremov, head of the business development sector of our dealing department, was at the conference to represent Alpari in a panel discussion: "The Russian Ruble in an Evolving eFX Landscape". He gave a brief overview of the current situation in the market and spoke about where the Russian ruble might be headed in terms of liquidity, algorithmic trading, hedging and high-frequency trading. He then touched on the state of private investment in the Forex market. The panel also included representatives from the Moscow Exchange, VTB Capital, UBS and BNP Paribas.