Innovations 2025
Innovations in the foreign exchange and precious metals markets since February 24
Changes in swap instruments lot sizes in GLD/RUB (Gold/Russian ruble) and SLV/RUB (Silver/Russian ruble) pairs
In order to attract new retail investors, the lot size on swap instruments in GLD/RUB and SLV/RUB pairs is changed downwards:
- For Main Board (CETS) for each of the swap instruments of the GLD/RUB pair the lot changes from 1,000.0 g to 100.0 g, for each of the swap instruments of the SLV/RUB pair the lot changes from 50,000.0 g to 5,000.0 g.
- For swap instruments in GLD/RUB and SLV/RUB pairs in other boards (CNGD, CPCL, LICU, etc.) the lot does not change.
Changes in the parameter list:
| Instrument | Lot for Main Board (CETS) before 24.02.25 | Lot for Main Board (CETS) after 24.02.25 |
|---|---|---|
| GLD_TODTOM GLD_TOMSPT GLD_TOM1W GLD_TOM1M GLD_TOM6M |
1 000.0 | 100.0 |
| SLV_TODTOM SLV_TOMSPT SLV_TOM1W SLV_TOM1M SLV_TOM6M |
50 000.0 | 5 000.0 |
In order to bring iceberg orders in line with the changed lot for swap instruments in GLD/RUB and SLV/RUB pairs, the minimum number of lots specified in the order of this type has been changed.
For Main Board (CETS) for each of the swap instruments in GLD/RUB and SLV/RUB pairs, the minimum number of lots specified in the iceberg order becomes equal to 1,000.
Changes related to limitation of aggressive bids on the precious metals market
In order to minimise breakdowns in the precious metals market, it is planned to implement for the whole period of the main trading session a mechanism for limiting aggressiveness of market and limit orders similar to the currency market.
- For each instrument in GLD/RUB, SLV/RUB, PLT/RUB (Platinum/Russian ruble), PLD/RUB (Palladium/Russian ruble) pairs the maximum allowable deviation of transaction prices for limit orders from the price of the best counter order is 1.00%.
- For each instrument in GLD/RUB, SLV/RUB, PLT/RUB, PLD/RUB pairs the maximum allowable spread on market orders relative to the price of the best counter order is 0.50%.
Changes in the Price Update Auction
No Price Update Auction shall be held in the event of the first downward shift of the Lower boundary of the price corridor for any of the instruments of spot transactions of a currency pair during each trading period in accordance with the Organised Trading Rules on the FX and Precious Metals Markets.
Conducting a Price Renewal Auction
| First shift | Second and the following shifts | |
|---|---|---|
| Movement of the Upper boundary of the price corridor | The auction is conducted | The auction is conducted |
| Movement of the Lower boundary of the price corridor | The auction is not conducted | The auction is conducted |