TeraExchange will offer cross-asset, multi-leg trading through integration with a wide variety of other global liquidity destinations, all accessible through its proprietary front end.

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On a smaller scale, companies such as Eze Castle Integration offer trading solutions to hedge funds on-premises or through Eze Castle hosting.

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"This is a very significant event, which signals Russia's integration into the global trading system, " he said.

BBC: NEWS | Business | US paves way for Russia WTO entry