MOEX FX Market Innovations, 2020

Extension of trading time until 12:00 MSK

From September 28, 2020 on FX Market the trading time will be extended from 11:00 to 12:00 in the TOD and swap O/N (TOD/TOM) instruments of currency pairs CNY/RUB, USD/CNY, CHF/RUB, USD/CHF, TRY/RUB, USD/TRY, BYN/RUB, KZT/RUB, USD/KZT (trading time will be from 10:00 to 12:00 GMT+3). The end of trading time for TOD and TOD/TOM instruments for HKD/RUB will not be changed:

Currencies Now From 28.09.2020
End of trading Cut-off time End of trading Cut-off time
HKD 11:00 12:00 11:00 12:00
CNY 13:00 12:00 13:00
CHF 13:00 13:00
TRY 13:00 14:00
BYN 12:00 13:00
KZT 12:00 13:00
  • The time for participants to enter early settlements at 11:00 (GMT+3) is preserved both for the request for collateral return and standing instructions to return.
  • The time for participants to enter early settlements at 12:00 (GMT+3) is added, both for the request for collateral return and standing instructions to return.
  • Access to early settlements on request for collateral return in the period from 11:00 to 14:00 (GMT+3) is reduced to the period 12:00 - 14:00 (GMT+3).

More info about trading time extension
New Trading schedule


 

On 22 June 2020 MOEX FX Market introduced the following modifications:

Pre-trade checks for SMA logins

The additional pre-trade checks functionality for client orders with SMA identifiers is implemented in the same way as for the securities market. New pre-trade on-exchange SMA risk controls have been made launched for Clearing Members to risk manage their clients/participants more comprehensively.

Description

EURUSD_SPT block trade liquidity at the price of global liquidity providers

OTC block trades in EURUSD_SPT instruments now possible with the Full Amount settlement at fixed price bands of 1, 2, 5 and 10 mln EUR. Lot size is changed to 1 EUR (similar to the existing OTCT board).

Board OTCF
Instrument EURUSD_SPT
Settlement date T+2
Tick size 0.00001
Lot size 1 EUR
Bands (order size) 1 mio, 2 mio, 5 mio, 10 mio EUR
Settlement Full Amount
Partial execution is not possible, FoK (Fill or Kill) order is implemented
Connection GUI, FIX
Fee 0.0006% ($6/mln)

Clearing of OTC trades with CCP – new board (CPCL)

MOEX FX Market now allows centralized clearing for OTC trades that MOEX clearing participants execute through electronic OTC platforms.

This solution protects from credit and settlement risks and allows cross-margining and netting between exchange and OTC trades.

Connection is via FIX protocol (specifications are similar to those for the OTCT board).

RFS service without anonymous RFQs

The information about the taker may be optionally disclosed to the liquidity provider when the request for quotation is initiated. The liquidity provider remains anonymous.


From 23 March 2020 MOEX FX Market has extended trading hours for OTC trading (OTCT and OTCF board) and RFS ( RFSM board).
Trades
now start from 09:30 MSK.


From 17 February FX Market has expanded trading opportunities in EUR/USD currency pair at the price of global FX liquidity providers. Trades are cleared and settled via NCC.
A new trading board on the FX market – OTCF (OTC Full amount) has been introduced. New instrument parameters:

Instrument EURUSD_SPT
Settlement date T+2
Tick size 0.00001
Lot size EUR 5,000,000
Min order size EUR 5,000,000
Max order size EUR 10,000,000
Settlement type Full Amount
Partial execution in not allowed, FoK (Fill or Kill) order is implemented
Connection GUI, FIX
Fee 0.06 pips ($6/mln)


Contact us:
MOEX FX Market
Tel: +7 (495) 363-3232 ext.
5383, 5389, 5406, 5548

E-mail: fx@moex.com