Conditions of trading in the main Market sector of the Securities market to be changed
In accordance with the trading rules of CJSC MICEX Stock Exchange approved by the Board of Directors of CJSC MICEX Stock Exchange on December 22, 2011 the following changes will take effect in the Main Market sector of the Securities market on May 14, 2012:
1. Concerning eurobond trading:
a. Admissible settlement codes for submitting orders in eurobonds:
- T0 for the Main trading mode;
- T0, B0-B30, Z0 for the Negotiated trades mode;
- Rb, S0, S1, S2 for the Bonds repo trading mode;
- Rb, S0, S1, S2 for the “Repo with the Bank of Russia: repo auction”, “Repo with the Bank of Russia: fixed rate” trading modes (excluding intraday repo transactions).
b. Trades in eurobonds with settlement only in ruble can be executed in the following trading modes:
- "Repo with the Bank of Russia: repo auction";
- "Repo with the Bank of Russia: fixed rate" trading modes.
c. Trades in eurobonds with settlement both in ruble and foreign currency can be executed in the following trading modes:
- Main trading mode;
- Negotiated trades mode;
- Bonds repo trading mode.
d. Schedule of trading in bonds denominated in foreign currency admitted to trading in CJSC MICEX Stock Exchange in the Main Market sector will be as follows:
| Trading mode | Trading period |
|---|---|
| Main trading mode (trading period) | 10:00 – 17:30 |
| Negotiated trades mode (settlement codes T0, K0, B0-B30, Z0 | 09:30 – 17:30 |
| Bonds repo trading mode (settlement codes Rb, S0, S1, S2) | 09:30 – 17:30 |
2. Orders submitted by the CJSC MICEX Stock Exchange trading member in the Odd lots trading mode will be rejected by the Exchange's trading system if number of securities in the order equals or exceeds number of securities determined for the standard lot.
3. Minimum repo transaction value and minimum order volume determined by the Order No 130-r issued by CJSC MICEX Stock Exchange on February 10, 2012 will not be applied when submitting direct orders with Z0 settlement code in the trading system of CJSC MICEX Stock Exchange.
For further information, please contact the Public Relations Department at (495) 363-3232.