Hotspot expands footprint in Russia

Roman Osmanov, chief of investments and treasury operations division at Izhcombank's Moscow branch, said the bank will begin marketing the system to more than 80,000 existing retail clients in the country this month. The Russian bank went live with the privately labelled version of the Avalon FX Pro 4.1 system with select private clients on a preliminary basis on July 7.

Osmanov added the bank is also forming partnerships to market the system to clients of two other Russian financial institutions

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