Moscow Exchange Announced Conditions for Trading Ordinary Shares
OREANDA-NEWS. The closed joint-stock company “MICEX Stock Exchange” has announced the following conditions and procedures for transactions with ordinary shares of open joint-stock company Moscow Exchange (hereinafter, “Shares”) beginning on 15 February 2013. (Government security issuance registration number – 1-05-08443-H from 16.9.2011).
1. Main market
1.1. On 15 February 2013, in the trading mode “Placement: direct orders”:
09:30 MSK: Activation of bids made during the direct order period from 4 February 2013 to 14 February 2013 from 10:00 to 19:00 MSK.
10:30 – 11:00 MSK – transaction conclusion period. Before 11:00 MSK, Seller will decline orders that are not approved.
1.2. In the case of improper implementation of a commitment to ensure availability of sufficient funds to conclude a transaction according to the order for conclusion of transactions with Shares in the trading mode “Placement: direct orders”, at the moment of the control procedure, the market participant will pay a penalty of 3% of the total order.
1.3. 15 February 2013 in the main trading mode:
Pre-trading period: 12:00 – 12:05;
Trading period: 12:05 onward according to the standard trading schedule of the main trading mode.
1.4. Trading in Shares on 15 February 2013 during the trading modes “Negotiated trades” and “Equities repo trading” will begin at 12:00 and continue according to the standard trading schedule of the corresponding trading mode.
1.5. Beginning 18 February 2013, trading in Shares will be limited to the following trading modes:
“Main trading mode”
“Negotiated trades”
“Equities repo trading”
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