Russian MOEX to resume early morning FX, evening stock trading in September

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The Moscow Stock Exchange (MOEX), Russia’s largest exchange group, said it plans to resume early morning forex trading and evening equities in September.

This is part of the steps taken by the stock market to return to normal following the disruption that Russia’s war against Ukraine has caused in the stock markets.

The exchange had suspended stock trading on its platform for three weeks in the days following Russia’s launch of war against Ukraine.

The MOEX noted that the early morning foreign exchange market will be open for trading in currencies and derivatives while shares of the Moscow Stock Exchange index will be traded on the stock market, Reuters reports.

While Russia’s main trading time starts at 07:00 and ends at 16:00 GMT, morning trading starts at 03:50 GMT while the evening session starts at 16:00 GMT.

finance tycoons reported that the exchange’s foreign exchange market relapsed in July after trading volume fell 3% to 17.3 trillion rubles.

According Reuters, In addition to reviving the morning trading session, the main Russian exchange also plans to increase Chinese yuan trading hours before the end of this year.

It was even as the war made Russia increasingly dependent on China to soften the impact of Western sanctions and limited access to dollars and euros.

heat of war

While the war against Ukraine is still going on, the Moscow Stock Exchange, despite its best efforts, is still feeling the heat of war.

On Monday, the exchange announced that starting August 29, it would end the use of the US dollar as collateral for underwriting transactions.

Earlier in the month, the exchange reduced the use of the US dollar as collateral from 25% to 50%.

In July, the exchange announced a planned suspension of trading in the Japanese yen on its forex market beginning August 8.

The MOEX had cited the potential risks and difficulties of the Japanese yen regulation

Rules

Settlement in finance refers to the process when a buyer makes a payment and receives the agreed services or goods. The term is used on exchanges such as the New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process can take a few hours or several days after a transaction is completed. It depends on the customs clearance process. In the United States, the settlement date for tradable stocks is generally 2 business days or T+2 after trade execution, and for listed options and government securities, it is generally 1 day after trade execution. ‘execution. Conversely in Europe, settlement date has also been adopted as T+2 2 business day settlement cycles. Settlement Explained A settlement is also the process of paying an outstanding account balance, open invoice, or charge. The electronic settlement system is a relatively new construct that has only become a standard over the past thirty years. . Settlement can also mean an adjustment or agreement reached in matters of finance or business. For example, we settled with the bank or the credit card company. A number of risks arise for the parties during the settlement process. These are effectively managed by the clearing process, which follows trading and precedes settlement. By extension, netting consists of modifying these contractual obligations in order to facilitate settlement, often by netting and novation.

Settlement in finance refers to the process when a buyer makes a payment and receives the agreed services or goods. The term is used on exchanges such as the New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process can take a few hours or several days after a transaction is completed. It depends on the customs clearance process. In the United States, the settlement date for tradable stocks is generally 2 business days or T+2 after trade execution, and for listed options and government securities, it is generally 1 day after trade execution. ‘execution. Conversely in Europe, settlement date has also been adopted as T+2 2 business day settlement cycles. Settlement Explained A settlement is also the process of paying an outstanding account balance, open invoice, or charge. The electronic settlement system is a relatively new construct that has only become a standard over the past thirty years. . Settlement can also mean an adjustment or agreement reached in matters of finance or business. For example, we settled with the bank or the credit card company. A number of risks arise for the parties during the settlement process. These are effectively managed by the clearing process, which follows trading and precedes settlement. By extension, netting consists of modifying these contractual obligations in order to facilitate settlement, often by netting and novation.
Read this term as a decision factor.

Additionally, in its Q2 2022 results, the MOEX reported a decline of more than 24% in its revenue from fees and commissions.

The Moscow Stock Exchange (MOEX), Russia’s largest exchange group, said it plans to resume early morning forex trading and evening equities in September.

This is part of the steps taken by the stock market to return to normal following the disruption that Russia’s war against Ukraine has caused in the stock markets.

The exchange had suspended stock trading on its platform for three weeks in the days following Russia’s launch of war against Ukraine.

The MOEX noted that the early morning foreign exchange market will be open for trading in currencies and derivatives while shares of the Moscow Stock Exchange index will be traded on the stock market, Reuters reports.

While Russia’s main trading time starts at 07:00 and ends at 16:00 GMT, morning trading starts at 03:50 GMT while the evening session starts at 16:00 GMT.

finance tycoons reported that the exchange’s foreign exchange market relapsed in July after trading volume fell 3% to 17.3 trillion rubles.

According Reuters, In addition to reviving the morning trading session, the main Russian exchange also plans to increase Chinese yuan trading hours before the end of this year.

It was even as the war made Russia increasingly dependent on China to soften the impact of Western sanctions and limited access to dollars and euros.

heat of war

While the war against Ukraine is still going on, the Moscow Stock Exchange, despite its best efforts, is still feeling the heat of war.

On Monday, the exchange announced that starting August 29, it would end the use of the US dollar as collateral for underwriting transactions.

Earlier in the month, the exchange reduced the use of the US dollar as collateral from 25% to 50%.

In July, the exchange announced a planned suspension of trading in the Japanese yen on its forex market beginning August 8.

The MOEX had cited the potential risks and difficulties of the Japanese yen regulation

Rules

Settlement in finance refers to the process when a buyer makes a payment and receives the agreed services or goods. The term is used on exchanges such as the New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process can take a few hours or several days after a transaction is completed. It depends on the customs clearance process. In the United States, the settlement date for tradable stocks is generally 2 business days or T+2 after trade execution, and for listed options and government securities, it is generally 1 day after trade execution. ‘execution. Conversely in Europe, settlement date has also been adopted as T+2 2 business day settlement cycles. Settlement Explained A settlement is also the process of paying an outstanding account balance, open invoice, or charge. The electronic settlement system is a relatively new construct that has only become a standard over the past thirty years. . Settlement can also mean an adjustment or agreement reached in matters of finance or business. For example, we settled with the bank or the credit card company. A number of risks arise for the parties during the settlement process. These are effectively managed by the clearing process, which follows trading and precedes settlement. By extension, netting consists of modifying these contractual obligations in order to facilitate settlement, often by netting and novation.

Settlement in finance refers to the process when a buyer makes a payment and receives the agreed services or goods. The term is used on exchanges such as the New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process can take a few hours or several days after a transaction is completed. It depends on the customs clearance process. In the United States, the settlement date for tradable stocks is generally 2 business days or T+2 after trade execution, and for listed options and government securities, it is generally 1 day after trade execution. ‘execution. Conversely in Europe, settlement date has also been adopted as T+2 2 business day settlement cycles. Settlement Explained A settlement is also the process of paying an outstanding account balance, open invoice, or charge. The electronic settlement system is a relatively new construct that has only become a standard over the past thirty years. . Settlement can also mean an adjustment or agreement reached in matters of finance or business. For example, we settled with the bank or the credit card company. A number of risks arise for the parties during the settlement process. These are effectively managed by the clearing process, which follows trading and precedes settlement. By extension, netting consists of modifying these contractual obligations in order to facilitate settlement, often by netting and novation.
Read this term as a decision factor.

Additionally, in its Q2 2022 results, the MOEX reported a decline of more than 24% in its revenue from fees and commissions.

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