Changes on the Securities market
Dear securities market clients,
We would like to inform you about changes on the Securities market and planned dates of the launch.
Changes in Pre-Trade risk checks algorithm on the Equities market for Sponsored Market Access - starting 14 December
Algorithm for the "Deviation of price level from current market price" parameter specification is updated. You may find the file on Sponsored Market Access page.
Previous edition: The current market price references the main trading mode (board). If there is no current
market price then the order is rejected with the message Maximum deviation from current
market price is exceeded, as there is no specified current market price.
New edition: The current market price references the main trading mode (board). If there is no current
market price then the following algorithm approached with priority mentioned below:
1. The Last Price of the current trading day (Last)
2. The Last Price of the previous trading day (PrevPrice)
3. The order is rejected with the message Maximum deviation from current market price is
exceeded, as there is no specified current market price.
Automation of execution report auction for domestic bonds placement submit - starting 14 December 2020
- This feature might be included on the application from Clearing Member. In case of collateral insufficiency on Trading and clearing account the report is submitted automatically.
Auction for placement during Additional session - starting 21 December 2020
- For bonds placement with "exchange bookbuilding" technology and "activation date" parameter on Auction: targeted orders board orders collection period is extended to the Additional session. Trades with bonds will not be concluded during the Additional session.
Tariff changes for domestic bonds market starting - 1 January 2021
- Commission fee value is changed for T+ main boards (fee rate will depend on trades quantity concluded in a month) and Negotiated deals (the tariff rate and maximum value in rubles are changed);
- Fee packages 2 and 3 are eliminated, there will be one fee package for all market clients.