Russian Funds Investment Group Goes Online

Internet trading in Russia attracts serious investors. As it became known to the newspaper "Vedomosti" , the investment group "Russian Funds" has acquired 50% of the Internet broker "IT Invest . " Experts believe that this is far from the last deal in the rapidly growing Russian market of online trading.

Russian Funds bought IT Invest for the sake of successful Internet trading technologies, said Viktor Chetverikov, Director General of the National Rating Agency, in an interview with Vedomosti: “There is nothing more there, the company has long been looking for an investor.” He estimates the deal at $ 3 million.

Investment company IT Invest operates under the it-trade trademark. According to the results of March, it ranks 33rd in terms of turnover of shares on the MICEX Stock Exchange (11.7 billion rubles) and 11th in the derivatives market of the RTS. According to the company, at the end of 2006, 2,000 individual customers were registered. As of July 1, 2006, capital amounted to 27 million rubles.

Message from the Board of Directors of IC TI Invest CJSC on a strategic partnership with the Russian Funds Investment Group and IC Prospect

Dear clients, colleagues, friends!

This year marks 10 years of our active work on the development of affordable exchange trading technologies, understandable and sought-after products and services. During this time, within the framework of one company, we have concentrated all the most significant achievements of the world practice of providing brokerage services to retail clients, created and implemented technology platforms that did not exist in Russia before. Among them are a direct access system to it-trade trading floors, SmartTrade line of information and analytical terminals, auxiliary products intended for trading, internal accounting and ensuring the security of exchange operations.
By the end of 2006, the number of open accounts serviced by ITinvest exceeded 2000, and the annual volume of exchange turnover came close to 170 billion rubles. The company's customers gained access to the NYSE and NASDAQ; the number of regional representatives has doubled over the past year.

At the same time, the further development of the Company was restrained by insufficient capitalization, which did not allow us to provide the service to our customers that they deserve and rely on. In these conditions, we decided to attract external financing. The most favorable conditions were offered by the Russian Funds Investment Group, which is objectively interested in cooperation with ITinvest and is ready to finance its future activities through the acquisition of an additional 50% of the shares.

We are absolutely sure that the incorporation of IC IT Investment CJSC into the Russian Funds Investment Group - Prospekt IC - Pallada Asset Management Asset Management Company will positively affect the terms of customer service and the activities of the Company as a whole. impulse to our development. Clients of the Company will receive all the benefits of institutional investors and large private clients of IC Prospect. At the same time, we will keep low commissions and will be ready to offer new services and tools in the near future.

We count on your support and solidarity.