Trading schedule

Reports on the results of the trading day are distributed to market participants in the following manner:

  • an extract from the trades registry is provided by 08.00 p.m. (Moscow time zone) on the previous trading day;
  • other reports (except for the extract from the trades registry) are disseminated at 09.30 a.m. on the current trading day.

Trading modes and Boards, type of orders, settlement codes (xlsx, 36 Kb)

Market Market Sector

"Т+2 Order book" for stocks, bonds (denominated in US dollars) and OFZs (Main trading mode Т+)
  • 09:50:00 — 09:59:(31-59)*
  • 10:00:00 — 18:39:59
  • 18:40:01 — 18:50:00
* - Duration is determined randomly for
each security in the range of 1-29 seconds.
  • Opening auction (RUB, USD settlement)
  • Continuous trading mode (RUB, USD settlement)
  • Closing auction (RUB, USD settlement)
"Т0 Order book" for bonds except OFZs, MinFin Eurobonds,
corporate Eurobonds (not denominated in US dollars)  (Main trading mode)
  • 09:45:00 — 09:59:59
  • 10:00:00 — 18:44:59
  • 18:45:01 — 18:49:59
.
  • Pre-trading mode (RUB settlement)
  • Continuous trading mode (RUB, USD, EUR settlement)
  • Post-trading mode (RUB settlement)
"Т+2 Order book" for mutual fund shares, ETFs (Main trading mode Т+)
  • 09:50:00 — 09:59:(31-59)*
  • 10:00:00 — 18:44:59
  • 18:45:01 — 18:49:59
* - Duration is determined randomly for
each security in the range of 1-29 seconds
.
  • Opening auction (RUB, USD settlement)
  • Continuous trading mode (RUB, USD settlement)
  • Post-trading mode (RUB, USD settlement)
  • 10:00:00 — 18:39:59
Trading mode – "Т+2 Order book" (special modes)
  • Trading mode for qualified investors – Main trading mode Т+ (mutual funds) (RUB settlement)
  • Trading mode 'D stocks – Main trading mode Т+ (for stocks) (RUB settlement)
  • 10:00:00 — 18:44:59
Trading mode – "Т0 Order book" (special modes)
  • Trading mode qualified investors – Main trading mode (for bonds) (RUB settlement)
  • Trading mode 'D bonds – Main trading mode (RUB settlement)
  • 10:00:00 — 18:59:59
"Market REPO with CCP"
  • 1 day; 1 week. Trading mode REPO with CCP – anonymous orders (RUB, USD, EUR settlement)
" Market GCC-REPO with CCP "
  • 1 day; 1 week; 2 weeks; 1 month; 2 months; 3 months.  Trading mode REPO with CCP – anonymous orders (RUB settlement)
  • 9:30:00 — 18:59:59
    for trading modes
    (except for Z0 code)
  • 9:30:00 — 18:30:00
    for trading modes with Z0
Negotiated Deals Mode (NDM) with CCP and interdealer NDM  
  • Trading mode NDM with CCP: stocks, DRs, ETFs, bonds (RUB settlement)
  • Trading mode NDM with CCP: stocks, DRs, ETFs, bonds (USD settlement)
  • Trading mode qualified investors – NDM with CCP (RUB settlement)
  • Trading mode NDM (RUB, USD, EUR, GBP, CNY settlement)
  • Trading mode qualified investors – NDM (RUB settlement)
  • Trading mode 'D stocks – NDM (RUB settlement)
  • Trading mode 'D bonds – NDM (RUB settlement)
  • Trading mode qualified investors – REPO (USD, RUB settlement)
 All trading modes REPO, REPO with CCP  
  • Trading mode REPO with CCP – Negotiated deals (RUB, USD, EUR settlement)
  • Trading mode REPO with bonds (RUB, USD, EUR settlement)
  • Trading mode REPO with stocks (RUB, USD, EUR settlement)
Trading mode GCC-REPO with CCP
  • Trading mode REPO with CCP – Negotiated deals (RUB, USD, EUR settlement)
Time of trading
is set by
Bank of Russia
REPO with Bank of Russia
  • Trading mode 'REPO with Bank of Russia market: REPO Auction (RUB, USD, EUR settlement)
  • Trading mode 'REPO with Bank of Russia market – REPO fix versus CB (RUB settlement)
Placement time
is set by the
exchange on
individual basis
Market 'placements and redemptions'
  • Trading mode 'Placement': Negotiated deals (RUB, USD, EUR, GBP, CNY settlement)
  • Trading mode 'Placement': Auction (RUB settlement)
  • Trading mode 'Redemption': Negotiated deals (RUB settlement)
  • Trading mode 'Redemption': Auction (RUB settlement)
  • 17:00:00 — 19:30:00
Technological modes of markets with CCP
  • Trading mode 'Settlement of T+: NDM'
    (Only for transferring with CCP of outstanding obligations of market participants) (RUB settlement)
  • Trading mode 'Settlement of T+: REPO'
    (Only for transferring with CCP of outstanding obligations of market participants) (RUB settlement)
  • Transfers
  • Clearing finalization for T+: SWAP (Only for transferring with CCP of outstanding obligations of market participants)
Other trading periods:
  • 10:00:00 — 18:39:59
  • 10:00:00 — 18:44:59
  • 10:00:00 — 18:00:00
     

 

  • 11:00:00 — 17:00:00

 

 

 

 

  • 09:00:00 — 17:30:00
  • Trading Mode 'Odd lot trading' (for stocks) (RUB settlement)
  • Trading Mode 'Odd lot trading' (investment funds) (RUB settlement)
  • Trading mode for large blocks of securities (Т0 Order book). Time of price fixing and orders execution: 10:55:00 – 11:00:00, 11:55:00 – 12:00:00, 12:55:00 – 13:00:00, 13:55:00 – 14:00:00, 14:55:00 – 15:00:00, 15:55:00 – 16:00:00, 16:55:00 – 17:00:00, 17:55:00 – 18:00:00 - RUB settlement
  • Trading mode for large blocks of securities (Т+ Order book). Time of price fixing and orders execution, RUB settlement:
    The first auction:
    Price fixing 11:47:00-11:50:00, collection of orders 11:50:00-11:59:59, orders execution 12:00:00
    The second auction:
    Price fixing 16:47:00-16:50:00, collection of orders 16:50:00-16:59:59, orders execution 17:00:00
  • Trading Mode 'Settlement of derivatives contracts'