Moscow Exchange announces new services on Equities and Bonds Market

Moscow Exchange will introduce the following initiatives starting 2 September in addition to the Closing Auction:

• Allowing participants to hold a compensation and commission clearing account, from which commission will be withdrawn for all deals done with clearing accounts;
• Odd-lot trades now require just partial pre-funding, and can be made in the T+2 mode;
• Updating the Dark Pool algorithm to allow trades with large blocks to use the T+2 order book to calculate settlement prices;
• Definition of IDs" powers on the T0 and T+2 markets;
• A new code for settlement on Y0 and Y2 CCP Repo Order Book Mode trades;
• Limiting CCP Repo Order Book Mode trades to RUB1 mln for stocks and RUB10 for OFZs;
• The ability to place and trade euro-denominated securities.

Additional information:

• Т+2 market overview
• Т+2 general presentation
• Т+2 third release overview  
• Т+2 technical scheme (third release)

For further information, please contact the Public Relations Department at (495) 363-3232.