25.09.2014 17:25

Changes to Equity Market liquidity support program

Moscow Exchange will make changes to its Equity Market liquidity support program effective 1 October. The changes will affect quote maintenance conditions and market maker awards.

The Exchange is reducing its minimum intraday passive turnover and minimum order size requirements for most securities. The maximum spread will be increased for many securities following the price tick change coming into force concurrently with the new program.

New remuneration rates for market makers will also be introduced. The premium rate for maintaining quotes, which is paid in addition to the refunded exchange commission, will increase 50% to 0.75 bps. The rate for preferred shares included in the program will double.

The conditions for maintaining bilateral quotes that will take effect from 1 October are available on the Exchange's website.

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

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