MICEX-RTS exchange to introduce evening session for forex market on Nov 19
MOSCOW. Sept 25 (Interfax) - Starting November 19, the MICEX-RTS exchange will extend the end of TOM trading and swap operations on the forex market from 7:00 pm, Moscow time, to 11:50 pm, Moscow time, the exchange said in a statement.
In addition, non-system deals with TOD instruments for parties with a single payment code will be extended until 11:50 pm, Moscow time.
Traders can still leave trading early: at 5:00 pm, Moscow time, or 7:00 pm, Moscow time. The results for deals closed after 7:00 pm, Moscow time, will be presented on the morning of the following working day.
Earlier, the exchange's money market director Igor Marich told Interfax that the evening section on the money market could increase the exchange's turnover 5%-10%.
The unified exchange's forex market committee decided at the end of June to recommend to management that the exchange introduce an evening session running from 7:00 p.m. Moscow time to 11:50 p.m.
The exchange also plans to expand toward the end of this year direct access for professional securities market players to the forex market. Marich has said this could happen in November.