Richard Ogdon was appointed the new Director of TRDATA Limited since November 2016.
He has 25 years experience working in Russia’s capital markets working for UBS, Uralsib, Troika Dialog and the Russian Direct Investment Fund.
Richard graduated from Eton College and the university of Oxford.
On 28 October 2016, the Board of Directors of the Bank of Russia decided to keep the key rate at 10.00 per annum. The Board of Directors notes that the dynamics of inflation and economic activity are overall in line with the forecast. At the same time, inflation is slowing down to a great extent on the back of temporary factors, while deceleration in inflation expectations remains unsteady. For the trend towards inflation slowdown to become sustainable, according to Bank of Russia estimates, it is necessary to hold the current key rate throughout 2016, with its potential downgrades due in 2017 Q1-Q2. Given this decision and considering that the moderately tight monetary policy is maintained, annual growth in consumer prices is set to total less than 4.5% for October 2017, dropping to the target level of 4% by the end of 2017. When making its key rate decisions in the months ahead, the Bank of Russia will assess inflation risks alongside with the alignment of inflation dynamics and economic performance with the baseline forecast.
We are happy to announce the results of TRDATA’s Forecast. The first user to correctly predict the key rate was Kadyr Omarov (Capital Credit Bank). An additional 3 users also provided correct predictions:
Evgeny Kulagin (LOCKO Bank)
Alexander Prnsky
Yuriy Netesanyy (Atlant-Finance)
The Bank of Russia Board of Directors will hold its next rate review meeting on 16 December 2016.
Congratulations to all who placed the correct predictions and thanks for participating on our platform!
The Bank of Russia decided to reduce the key rate from 10.50 to 10.00% p.a.
On 16 September 2016, the Bank of Russia Board of Directors decided to reduce the key rate from 10.50 to 10.00% p.a. given the inflation slowdown, in line with the forecast, decrease in inflation expectations and unstable economic activity. However, for the trend towards sustainable decline in inflation to strengthen, according to the Bank of Russia’s estimates, the current value of the key rate needs to be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Considering the decision made and persistent moderately tight monetary policy, the annual consumer price growth will stand at 4.5% in September 2017 and will then go down to the 4% target in late 2017. When making its key rate decisions in the coming months, the Bank of Russia will assess inflation risks alongside economy and inflation dynamics’ consistence with the baseline forecast.
We are happy to announce the results of TRDATA’s Forecast. The first user to correctly predict the key rate was Dmitry Borisov (LOCKO-Invest). An additional 4 users also provided correct predictions:
Evgeny Kulagin (LOCKO Bank)
Stanislav Bozhenko (Otkritie)
Eugene Chushnyakov (Transstroibank)
Sergei Yezhov (OEMK-Invest)
The Bank of Russia Board of Directors will hold its next rate review meeting on 28 October 2016.
Congratulations to all who placed the correct predictions and thanks for participating on our platform!
Today, the Bank of Russia released its key rate, reducing it to 10.50% p.a. The key rate had remained unchanged since August 2015.
“The Board of Directors notes the positive trends of more stable inflation, decreased inflation expectations and inflation risks against the backdrop of imminent growth recovery in the economy. Slowing inflation allows more certain reliance on sustainable inflation reduction to less than 5% in May 2017 and the 4% target in late 2017, taking into account the decision just made and the retention moderately tight monetary policy. The Bank of Russia will consider the possibility of a further rate cut based on estimates for inflation risks and alignment of inflation decline with the forecast trajectory.”
The 12th ACI General Assembly was held in Moscow in last week. Over 250 people, primarily bankers and other financial professionals, attended this event, which has become a yearly tradition among the Russian financial community. TRDATA was a sponsor for this year’s event.
The evening began with a technological exhibition, during which TRDATA presented its comprehensive line of solutions for managing financial processes, specifically the Market Data Platform, Asset Management, Trading, and Risk Management System.
TRDATA and ACI Russia invite you to the 12th ACI Russia General Assembly. This event has been held yearly since 2004 and is not just a formal event, but a traditional place for the Russian Forex community to meet and network. TRDATA is a sponsor of this year’s General Assembly.
The 12th General Assembly will be held on Wednesday, May 18th, 2016, in the Hotel St. Regis Moscow Nikolskaya in Moscow. We expect about 200 participants to attend. We have invited ACI members, representatives from the Central Bank of Russia, heads of important financial institutions, and journalists from the leading mass media. Read more
Today, the Bank of Russia released its key rate, keeping it at 11.00% p.a. We are happy to announce the results of TRDATA’s Forecast. The first user to correctly predict the key rate was Vladimir Repin (MSP Bank). An additional 5 users also provided correct predictions:
This year the 7th annual Moscow Exchange Forum will be held on April 12th at the Ritz Carlton in Moscow. TRDATA representatives will be present at the forum and look forward to meeting our clients.
TRDATA would like to invite our friends and partners to CEO-Friday on March 25th for an informal event where you can network with business partners, customers, friends and other interesting people. Attendees will include top and middle managers, directors, and other company representatives from various industries.
On Friday, March 18, Russia’s central bank released its key rate, keeping it at 11.00% p.a. This move was widely expected by analysts. In their press release, the Bank of Russia cited high inflation risks, unsustainable oil prices, and uncertainties surrounding the budget as considerations in their key rate decision.
2015 has become a year of rapid progress for our company on the Russian market as well as the growth of TRDATA team. Now we are excited to announce relocation of Moscow office to fintech cluster Future Fintech at: Presnenskaya nab., 8 str. 1,”City of Capitals” Tower.
Read more
