Morning session on the Equity Market

The morning additional trading session will be held from 06:50 to 9:50am Moscow time.

Available trading modes:

1. Central Order Book T+2
2. Negotiated trades
3. Negotiated trades with the CCP 
4. Odd lots
   1. Trades executed on the Central Order Book T+ in the morning session (similar to the main and after-hours sessions) are settled on the same day (T+2)
   2. Trading day: Pre-market session + main session + after-hours session

 
1. Securities admitted to morning trading

2. Securities not admitted to morning trading

No, they won’t.

No, active non-filled orders submitted in the pre-market session WILL NOT be cancelled.

The pre-market session offers buy/sell trades: T+ trades with settlement codes Y0-Yn, and trades not cleared by the CCP with settlement codes T0, B0-Bn

Repo transactions cleared and not cleared by the CCP, and buy/sell trades with settlement code Z0.

The list of securities in the MOEX Russia Index and the most liquid international securities are available in this document. More information can be found here

It is expected that this details will be available:

1. In the instrument profile on the Moscow Exchange website at www.moex.com
2. Via the API interface in the Securities table which will be changed to include the field
3. In the table showing securities and trading modes they are traded in (https://www.moex.com/s1467)
4. Via ISS API.

 
In pre-market trading, members will be able to enter the following order:

Note: The Moscow Exchange trading system does not provide for the Good Till Cancel and Stop order functionality. Therefore, trading members using third-party trading terminals are advised to contact them with the necessary modifications.
Changes in prices during the morning session may trigger Stop order conditions, therefore participants are advised to consider using stop condition tracking only during an active market amid less active market.

In the one-second period between the additional morning and main trading sessions from 09:49:59am - 09:50:00am:

• the possibility of cancelling orders placed during the morning trading session is available.
• the possibility of placing orders is not available.

 
During the morning session, the MOEX Russia Index will be calculated under the ticker IMOEX2.

Moreover, the calculation of the Index under this ticker will take place throughout the trading day, i.e. In the pre-market, main and after-hours sessions.

At the same time, calculation of the Index under the ticker IMOEX will remain within the Main Session.

 
Changes in trading reports SEM02, SEM03 are expected. Attribute SessionNo is allocated in new node SESSION now.
This change allows to identify data blocks of morning session and normal trading session.
Changes in the timing of the reports are not expected.
For more details, please see the Presentation

*  Table Securities

 
Yes, through the customer registration API from 6:00 a.m.

 
If a Trading Member does not plan to carry out operations in the morning session using its own or client accounts (i.e. in full for the entire Participant's FirmID), it must submit the Application for Refusal of Admission to Trading in the Pre-Market Additional Trading Session of the Equity Market. If a Clearing Member does not plan to execute operations in pre-market trading using certain settlement code, it must submit the relevant instruction for prohibition of access to pre-market trading for that settlement code.

Access to the additional morning trading session cannot be controlled through SMA logins.

Application forms will be published in due course

From the 13th of October 2021 the additional morning trading session is available for testing on T1 (INET) test environment. The additional morning session is held from 09:00 am to 11:00 am MSK.

If you do not have access to the test environment, you can send an application for connection by filling out a questionnaire on the website.

 
The following periods are planned:

The additional information can be found on the website.

 
The following trading modes will be admitted: FQBR, FQDE, TQBD, TQBR, TQDD, SMALL, FSDE, FSEQ, PSDD, PSEQ, PSSD, FTDE, FTEQ, PTDD, PTEQ, PTSD.

 
Aggregated trading results will be available within an hour after the end of the main session, around 08:00pm Moscow time.

 
The depersonalized registers of transactions concluded in the morning session will be available Within an hour after the end of the evening session, at about 01:00am Moscow time on the next calendar day.