RUDN Journal of Economics (Dec 2012)
Risk management and specifics of access of the broker companies on the currency market of the Moscow exchange
Abstract
Work is devoted to the analysis of transformation of an exchange turn of currency in Russia, the admission to participation in the auction of the non-bank organizations, such as broker companies and to the analysis of structural changes in the exchange technologies caused by the admission of a new class of participants on the currency auction. An important aspect of these changes is the assessment of ways of control of risks of clients at mass service in the currency market. The question of formation of technology of the central contractor according to transactions on currency, and in the near future and in stock market with application of the delayed delivery and partial predeposition of assets, an assessment of risks of the central contractor is separately investigated.