Veles Capital maintains its position in the top 10 leading operators on the Moscow Exchange bond market by at the end of 2017
5 April 2018 10:59
Veles Capital Investment Company retained and consolidated its position in the top 10 leading operators on the Moscow Exchange bond market as of the end of 2017. The volume of operations exceeded 4,7 trillion Rubles and indicated growth of 15%.
The company occupied 2nd position among leading operators on the corporate bond market with transactions volume having increased by 3% and amounted to 733 billion rubles. The turnover on the Federal bonds (OFZ) market including internal client transactions rose by 84% and exceeded 1 trillion Rubles, which effectively resulted in Veles Capital’s having been awarded the above mentioned rank.
The company was also included in the list of the top 20 leading operators of the equity market with the transactions volume having exceeded 231 billion Rubles thus increasing by 23% year to date.
Veles Capital occupied 6th position by the volume of client transactions on the currency exchange market in December (15th in December 2016). Additionally, the company was first time appeared in the list of the leading operators of the euro-dollar sector and was ranked 12th with the trading volume of 6,5 billion Rubles. It is also important that the company was included in the list of top 30 operators of the euro-ruble sector by volume of transactions which amounted to about 7 billion rubles, and rose by 17 positions in the rank. In the dollar-ruble sector, the company was listed 24th with the trading volume of 66 billion Rubles (41st in December 2016). Lastly, Veles Capital entered the list of the top 20 operators by the number of registered and active clients.
The full version of the turnover statistics related to the equity and currency markets is available at the Moscow Exchange site.
Veles Capital is one of the oldest investment companies in Russia. It has been founded in 1995 and managed by Dmitry Bugaenko and Alexei Gnedovsky. Veles Capital is one of the few Russian investment companies obtaining an international credit rating —confirmed by S&P at the level "BB-/B" with stable outlook in the December 2017. In the same year the company was assigned a credit rating of the agency Expert RA at the level of RuA+ with a stable outlook.
By the end of 2017, the overall turnover of securities grew by 14% and exceed 13 trillion rubles.