Moscow Exchange Developments

AO UniCredit Bank
Mon, 29/06/2020

New trading opportunities result from technologies advancement and international best practices


Moscow Exchange announced several initiatives aiming to provide new trading opportunities for the market participants starting from June 2020.

In addition to the introduction of the after-hour trading session on the equity market and the transfer of corporate bonds and MinFin Eurobonds to T+1 settlement cycle (as was reported earlier in our newsflashes dated December 31, 2019, April 30, 2020, and April 21, 2020) these innovations include:

  • Introduction of a separate Increased Investment Risk (IIR) trading sector from June 22, 2020 as a technological solution which will help market participants in restricting access to high risk shares and bonds for inexperienced investors;
  • Migration of securities which are eligible only for qualified investors from the special boards to the regular trading regime (access to these securities for non-qualified investors will still be technically restricted);
  • Implementation of synthetic matching for calendar spreads on MOEX Derivatives Market from June 8, 2020, which will allow for the trade of interrelated instruments on the same order book;
  • Introduction of iceberg orders on the Derivatives Market (from June 8, 2020), CCP Repo and CCP Deposit Market (from June 22, 2020).

These innovations demonstrate the adherence of Moscow Exchange to the continuous development of its technologies and services, as well as to the implementation of the best international practices in the Russian market.