Moscow Exchange Equity & Bond Market

Moscow Exchange's Equity & Bond Market is the CIS and CEE's largest equity and bond market. Moscow Exchange is among the top 30 leading stock exchanges worldwide.

Moscow Exchange's Main Market Sector includes two main markets, each of which employs and offers specific procedures and instrument types.

• Equity Capital Market (T+ Market). Offers trading in shares, depositary receipts, fund shares, ISUs, and ETFs, as well as OFZs and regional and corporate bonds. The T+ Market is based on trading with a central counterparty, partial collateral and deferred execution. Trades executed in the Main Trading Mode T+ (T+2 order book) are settled two days after the trade is conducted (T+2 settlement cycle).
• Debt Capital Market (T0 Market). Offers trading in OFZs, corporate bonds (including commercial papers), regional bonds, and municipal bonds. The T0 Market is based on trading with a central counterparty and full (100%) prefunding. Trades executed in the Main Trading Mode are settled on the same day as the trade is conducted (T+0).

Equity & Bond Market settlement and clearing infrastructure