OREANDA-NEWS. April 21, 2011. Otkritie exhibited at TradeTech London, the international electronic trading conference to promote its European investment banking and prime broking business. At the event Otkritie’s head of global markets and investment banking Roman Lokhov discussed the company’s expansion plans, business achievements and hiring programmes. Nils Jahn, managing director and Tim Bevan, director of global electronic trading, were also onsite to speak with the press, reported the press-centre of Otkritie.

Mr Lokhov used the conference to announce Otkritie’s plans to double revenues at the investment bank to USD 650 million in 2012 ahead of an initial public offering due to take place the following year. He reiterated Otkritie’s strategy to hire more traders and investment bankers in Russia and London, and to install offices in New York and Hong Kong. Otkritie also announced to the industry that it has established connections with Marco Polo Capital Markets and Chi-X.

During the event, Mr Lokhov took part in a panel discussion on ‘Evaluating the Opportunity for Trading in Emerging Markets’, with a focus on fast and efficient market access. Mr Lokhov pointed out that Russia had seen increased investment in its financial services sector over the past few years and as a result is experiencing rapid growth. He said it was a very interesting time for all Russian market players and that the industry is taking steps to encourage further involvement from both domestic and foreign investors. The stream was attended by heads of trading, equities and derivatives, execution brokers and trading specialists, as well as the media.

Mr Lokhov commented on TradeTech: “Our attendance at the conference last week proved to be very worthwhile. We were able to discuss our product range and future business plans with current clients and prospects as well as debate some of the topical issues surrounding the industry with our key stakeholders. It is clear from our discussions with UK-based players that there is a growing need for an Emerging Markets specialist such as ourselves.”