Veles Capital IC Brokerage Doubled Turnover in 2007
OREANDA-NEWS. On 08 April 2008 was announced, that Veles Capital IC brokerage turnover doubled and formed 995 billion RUR (\\$ 40,5) in 2007 (brokerage turnover in 2006 formed 440 billion RUR (\\$16,7 billion).
Services on exchange increased in 5 times and formed 601 billion RUR (\\$24,4 billion) (101 billion RUR (\\$3,8 billion) in 2006). OTC market turnover formed 394 billion RUR (\\$16 billion) (339 billion RUR (\\$12,8 billion in 2006). Operations with stocks formed 261 billion RUR (\\$10,6 billion). Stocks turnover increased 4,5 times (in 2006 formed 56 billion RUR (\\$2,1 mn). Operations with bonds (without state securities) increased 5 times and formed 383 billion RUR (\\$15,6 billion).
Veles Capital IC has been operating on the Russian financial market since 1995 and is rated in the TOP 10 amongst largest Russian investment companies on total turnover of securities (2,6 trillion RUR (\\$106 billion) in 2007). The company renders trust management services, brokerage services on Russian and foreign markets, corporate finance, fund raising via promissory notes, bonds, Eurobonds, CLN, synthetic financial products. According to Kommersant publishing house ratings in 2006 and 2007 H1 Veles Capital IC is No 1 on the promissory notes market (turnover on promissory notes market in 2007 formed about 1,3 trillion RUR (about \\$53 billion), in TOP-3 amongst bond market operators (turnover in 2007 – exceeded 1 trillion RUR (\\$43,5 billion) and TOP 20 amongst stock market.
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