The Russia company of exchange brokers, RKBM, is to establish a telecommunications network that will enable exchanges to share information and organise remote trading operations: initially the RKBM network will cover exchanges in Moscow, Samara, Chelyabinsk, Ekaterinburg, Tyumen, Surgut and Ulan-Ude, the cities where the largest Russian exchanges are based; the network will be based on the existing telephone lines and an agreement with Intertelekom, a commercial organisation formed from parts of the old USSR Ministry of Communications – has been reached to overcome problems associated with operating the outside of the Russian Federation; according to S Pushkin, RKBM president, the network will be capable of supporting 2,000 users and the enterprise will be profitable if it can attract 300 users; once an encyrption system has been developed, RKBM hopes to attract banks to it.
