T+1 Mode (OFZ)

Orders
All orders are submitted only with the Y1 settlement code.

Trading member can submit orders that can be executed during the trading period:

• limit orders with specified price and amount of securities in it;
• market orders with only the specified amount of securities in it;

Iceberg orders placement is not available for this trading mode.

Thus it provides the ability to specify the type of features of order execution:

• "insert to queue" - Order is queued and the conclusion of the deal occurs  in the presence of valid counter orders; (DAY)
• "Kill balance" - after the conclusion of deals unmet residue is removed; (IOC)
• "Fill or Kill" – the order is removed if there are no valid counter orders, if matching completely.(FOK)

And to specify the type of price execution

• One price
• Different prices

The ability to specify features according to the type of order execution in the trading period of Main trading Mode T+ (T+1 order book) for equities, mutual funds and bonds:

All orders submitted by trading members are met in the following order:
1. By the price of the order;
2. By the time of the order, in the case of specifying the same price in two or more orders

Trading members may also submit orders, which can be executed only during the closing auction (only for equities and OFZs)

• limit orders in the closing auction;
• market orders in the closing auction.

Trading Members during the trading period can access information about their own orders as well as orders with twenty best prices (ten orders for purchase and ten orders for sale) queued in the Trading System, in terms of the amount of these securities and price.

In case of rejection of the current equity price for set limits the discrete auction of trading period starts.

At the end of the trading period all unexecuted limit orders are transferred to closing auction.