Equities trading volumes strong for first week of T+2

Moscow Exchange announces it has completed a smooth transition from TO to T+2, as almost all market participants were well prepared for the move to the new settlement regime. Equity trading volumes for the first week of September were strong. The average daily turnover in shares was RUB 31 bln during the week. The number of transactions was around 980,000 on Friday totaling RUB 56 bln, a 70% increase over the average daily turnover and number of transactions this year. 229 participants traded as of Friday, versus 175 on 2 September, the first day of complete migration from T0 to T+2 settlement for equities.

Moscow Exchange also reports that Repo trades with the Central Counterparty (CCP) reached new highs, breaching RUB 115 bln for the week. 5 September saw an intraday record of RUB 32.6 bln. CPP repo trading activity grew for a third straight month. More than 120 participants made deals. CPP repo allows participants to trade outside mutual limits and under guarantee from the National Clearing Centre that the deal obligations will be met.

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