Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
The Bank of Russia has defined the conditions for trading on weekends in order to minimize risks for exchanges and their clients. Trading on Saturday and Sunday will not be considered as separate days, but as additional sessions on Monday. This will allow not to conduct clearing and settlements on weekends. The regulator sent the corresponding order to the organizers of trading.
At the first stage, the exchanges must set the size of the price corridor within 3% (both up and down) of the value of the securities that formed by the end of Friday. The Bank of Russia recommends including highly liquid shares in the list of securities admitted to weekend trading. Such restrictions are aimed at avoiding increased volatility in the market.
In the future, the Bank of Russia will monitor the trading activity of participants, the quality of pricing, and what financial instruments are traded on exchanges. All this will allow us to assess the possibility of scaling up trading on weekends and will be taken into account when deciding on the need to introduce additional restrictions.
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