Moscow Exchange to introduce OFZ liquidity support program

On 1 June Moscow Exchange will complete the migration from TO to T+1 settlement cycle for Russian federal government bonds known as OFZs. The Exchange will also introduce a liquidity support program for trading in the new settlement cycle.

The program aims to assist participants as they make the transition to trading without full prefunding and to improve execution likelihood on the order book.

The program will be similar to the one on the Equity Market whose key benefits include equal conditions for all market makers, a transparent methodology for evaluating performance and awarding remuneration, and a simplified application procedure for new liquidity providers.      

In the first phase of the program, effective from 1 June, ten highly liquid OFZs will be covered.

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