In the long term, the Moscow Exchange plans to provide clients with the opportunity to trade 24 hours a day, Igor Marich, Managing Director for Sales and Business Development of Mosbirzh, told reporters. This issue will be worked out after the start of early trading from 07:00 Moscow time in all markets of the trading platform.
“Our task is to make all our instruments, all markets, available in the morning. While we are talking about 7 (o’clock) in the morning – as a kind of compromise that we reached with the industry, with brokers, with banks. However, we are also looking towards 24/5. Well, then it could be 24/7, ”he said during a press conference dedicated to the launch of the morning session on the derivatives and foreign exchange markets.
In turn, the issue of starting trading on the stock and bond market from 7:00 Moscow time will be discussed after evaluating the results of early trading on the derivatives, foreign exchange markets and the precious metals market. There are no definite benchmarks on the dates of the start of morning trading on the stock market yet.
“We agreed both internally and with market participants that we will now launch the currency and the term, and after that we can immediately start thinking about how and when we will launch early trading – apparently, also from 7 am – in the stock market … Therefore, I think that we will soon be able to return with some more accurate ideas. Again, it depends not only on us, maybe not so much on us, but also on the readiness of the market, brokers, banks for this, when we start trading early in the morning on the stock market as well, ”added Maric.
“When we started discussing early trades with market participants – banks, brokers – we went through all the classic stages, naturally, starting with a sharp denial. Now we see that this denial has already been replaced, rather, by a positive attitude, and moreover, it has even already been replaced not just by support, but by the demand: let’s develop, let’s move on in terms of expanding the range of instruments and trading hours, “he said …
From March 1, the Moscow Exchange began trading at 7:00 Moscow time in the foreign exchange, derivatives markets and precious metals. Previously, trading in these markets was available from 10:00 to 23:50 Moscow time. In June 2020, the trading floor launched the evening session from 19:00 to 23:50 Moscow time.
Russian news agency TASS