Moscow Exchange, Russia’s largest securities exchange group, acuired of a stake in BierbaumPro, a Switzerland-based company which, through its wholly-owned Russian subsidiary NTProgress, develops and owns an e-fx NTPro trading platform.
The transaction aligns with the Moscow Exchange growth strategy and will enable it to provide flexible FX trading solutions to their clients. Post-acquisition, Moscow Exchange will continue to develop the NTPro platform and the existing NTProgress team.
White & Case in Moscow advised Moscow Exchange on the transaction. The team was led by partner Nikolay Feoktistov and included partner Andrei Dontsov, counsel Adam Smith and associates Evgeny Chernyavsky, Alexander Karmalita and Valery Lavrov.