CEO says Moscow Exchange not to suspend trading, cut timeChristian Fernsby ▼ | March 23, 2020
The Moscow Exchange has no plans to suspend trading because of higher volatility or cut the time of the trading sessions like other bourses, CEO Yury Denisov told PRIME in an interview.
Moscow Yury Denisov
Topics: Moscow exchange
He said that instead of trade suspension, the Moscow Exchange uses a mechanism of discrete auctions, which allows the participants to take more time to analyze bids and asks.
According to Denisov, client activity boosted loading on the platforms of the Moscow Exchange by 50–100% in 2020 but the trading floor has enough resources to service all clients.
"For instance, last week about 60 million bids were made on the futures market. Days when the number of deals exceeding 3 million have become regular while earlier they were rare. Another interesting fact: up to 75,000 bids come to the futures market in the first second of the session, while normally no more than 30,000," the official said. ■