Moscow Exchange Moves Trading Start to 9:00 AM
The main trading session will take place from 9:00 to 19:00 (9:00–9:10 – opening auction – for securities not admitted to the morning session), and the evening trading session will be from 19:00 to 23:50 MSK.
Consensus
- The main trading session on the Moscow Exchange will start at 9:00 MSK beginning September 14.
- The main trading session will last 10 hours.
- The change applies to the stock, derivatives, currency, and precious metalsmarkets.
- The morning session will end at 9:00 MSK and the evening session will run from 19:00 to 23:50 MSK.
- The change is intended to improve liquidity and provide more convenient trading hours for institutional investors and those in Siberia and the Far East.
- The calculation and publication of main Moscow Exchange indices will start at 9:00 MSK.
Points of divergence
- The morning session currently runs from 7:00 to 10:00 MSK, with trading limited to highly liquid instruments such as those in the IMOEX index and OFZs, and repurchase agreements are not allowed. — kommersant
- The morning session will start at 6:50 MSK and end at 9:00 MSK, with a 6:50–7:00 auction for opening, and the main session will begin at 9:00 MSK with a 9:00–9:10 auction for securities not included in the morning session. — vedomosti
- The change will allow investors to diversify their trading strategies and increase liquidity primarily through institutional investors. — kommersant
- The change will allow institutional investors to implement their strategies during the main session and provide additional trading time for clients in Siberia and the Far East. — vedomosti
- Starting August 18, trading in delivery-based futures contracts on shares of four issuers will begin on the derivatives market. — vedomosti
Coverage (3 sources)
- Trading on the Moscow Exchange will start an hour earlier — Коммерсантъ
- Moscow Exchange will increase the duration of the main trading session by one hour starting September 14 — Коммерсантъ
- Main auctions on the Moscow Exchange starting from September 14 will begin an hour earlier — Ведомости
Key entities
- Moscow Exchange
- Victor Zhidkov
- Moscow Exchange
- Moscow Exchange
- Moscow Exchange
- Rubio Index Moscow Exchange