The SberCIB Terminal platform stands out as the most advanced technological solution in the country, a point highlighted by Anatoly Aksakov, who chairs the Financial Markets Committee in the State Duma of the Russian Federation, during a discussion with a correspondent from socialbites.ca.
Commenting on the sanctions recently imposed by the United States on the Moscow Exchange and the National Clearing House, the parliamentarian noted that he was taken aback by the American decisions. He also explained that the restrictions have limited practical effect because part of the foreign exchange market operates independently from the exchange. As a result, this segment is likely to become more active, including on the platform used by the Bank of Russia.
He added that the move stirred emotions within the market, but its real impact is not significant and should not be regarded as a major disruption.
When asked whether the SberCIB Terminal platform aids the market in this scenario, the chairman of the Financial Markets Committee described the platform as the most technologically advanced. He underscored that the foreign exchange market is supported by sophisticated technological systems, and the Sberbank system may be the most advanced in the country, which explains why a large portion of market participants, including many banks, operate through this platform. He also noted that demand exists and will continue to grow, as more participants take advantage of its capabilities.
Earlier, economist Andrei Barhota reminded readers that Sber has achieved uninterrupted execution of foreign exchange transactions thanks to the SberCIB Terminal, which enables online operations in financial markets. This capability ensures the smooth processing of deals even amid external pressures.
In a related line of discussion, a political analyst observed that the measures taken by the United States contributed to the sanctions regime around the Moscow Stock Exchange, reinforcing the context in which these technological platforms operate and evolve.