Updates to Equity & Bond Market trading & clearing platforms

Moscow Exchange's Equity & Bond Market's trading & clearing platform is to be updated on 9 June, with new services and functions added.

Listing reform is to begin on 9 June, in line with which the list of securities admitted to trading is to be updated and divided into first, second, and third tiers.

Derivatives Market single stock futures are to be expired via T+2 Main mode from June 2014. The first delivery on futures contract is to be on 16 June.

Intermediate clearing is to be introduced on the Equity & Bond Market on 9 June. Equity & Bond Market trades will be settled twice per day, at 4.00 pm and 7.00 pm MSK.

Participants will have access to early settlement (until 4.00 pm MSK) of negotiated trades made in T+2 mode and central counterparty repo trades whose execution date is the current day.

A new order type is to be introduced to the Equity & Bond Market on 9 June, namely a stabilisation order, used by market makers during periods of price support following stock and bond placements.

A new securities type, namely Exchange Traded Commodities (ETC), is to be introduced to the trading system.

There will be significant development of the Money Market's interdealer and central counterparty repo trading modes.

The technical capability will be introduced for separate fund accounting for clearing participants and their clients, and accounting of liabilities relating to the inclusion of the return of dividends in the single limit of an Equity & Bond Market clearing participant.

Technical changes were made to the trading & clearing platform interfaces.

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