Since 1956, Bierbaum AG has established its name as a key player in the global foreign exchange market. Today, Bierbaum is a subsidiary of Moscow Exchange Group, a leader in driving the modernisation of Russia's financial markets infrastructure and the main liquidity and price discovery center for Russian instruments. The experience Bierbaum has acquired over the years, combined with MOEX advanced technologies, delivers to clients the world-class multilateral multi-client FX electronic trading venue and software & network infrastructure. The range of MOEX services includes the NTPro platform, an innovative, highly customizable and rapidly developing platform for OTC trading. NTPro offers technological solutions for liquidity aggregation, matching, and algo execution across a wide assortment of FX instruments. The MOEX includes the Central securities depository and a National clearing center, performing the functions of central counterparty, which allows MOEX to offer its clients the full spectrum of trading, execution and post-trade services.