Rouble still held back by post-trade issues

In early May, Icap hosted the fifth International Rouble Settlement Forum at its London headquarters. The meeting was chaired once again by Darryl Hooker, global emerging market manager at Icap Electronic Broking. Hooker has played a key role in bringing together a diverse range of market participants to try to drag the rouble market into the 21st century and no doubt he will have been pleased to see the forum so well attended; for the first time, representatives from CLS, Swift and the Russian central bank were all brought together in one room.