Russian Central Bank, MICEX discuss possibility of extending trade until 11 p.m.
MOSCOW. Nov 1 (Interfax) - The Central Bank of Russia (CBR) and the MICEX Stock Exchange are discussing the possibility of extending foreign currency and securities trading until 11:00 p.m., Deputy Chairman of the CB Sergei Shvetsov said at the International Ruble Settlement Forum.
"Currently we are discussing with the MICEX the possibility of extending trade to 11:00 p.m. in foreign currency and securities," he said.
Trade had recently been extended until 7:00 p.m., he said.
Answering a question on what he thinks about the increased time difference between Russian and Western trade centers resulting from Russia's rejection of daylight savings time, Shvetsov said that the engine of trade is now the Asian markets. "The engine is Asia, and we have become closer to Asia," he said.