Tuesday September 3 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Russia
Further to the update of 27th August 2013, the Moscow Exchange has announced that the first day of T+2 trading on the Equities and Bonds market on 2nd September 2013 following the full switch to partial preliminary depositing of funds and postponed accounting has gone smoothly.
Participants updated their trading terminals and reconfigured them during the first trading day under the new mode. A new algorithm was adopted that uses the principle of random auction termination, which precludes the market price from being artificially increased or decreased.
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