OREANDA-NEWS. Moscow Exchange completed today’s main trading sessionin normal operating mode across all markets. All markets functioned fully throughout the day withcomplete access for participants to trading and clearing.

Market volatility today generated considerably higher-than-normal participant activity and trading volumes. Moscow Exchange’s FX Market posted trading volume of RUB 1.7 trillion, which is nearly twice that market’s average daily trading volume (ADTV) during the month of February (RUB 888 bln). The Stock Market posted RUB 119.9 bln in trading volume today across stocks, mutual funds and Russian Depositary Receipts (RDRs), 3.5 times greater than February ADTV (RUB 34.6 bln). The Derivatives Market posted RUB 376 bln in trading volume, 1.4 times February ADTV (RUB 263 bln).

Eight separate auctions related to the shares of seven issuers whose shares had fallen more than 20%[1] versus the previous day’s close were held today. Trading of securities was not stopped.

Ahead of the open of trading Moscow Exchange issued a reminder to clearing participants via the Exchange’s website on the functioning of the risk management system.

Moscow Exchange’s risk management system worked effectivelyduring this period of high market volatility.

[1] Trading Rules dictate that auctions are held for specific stocks in the event that within a 10 minute period the share price of a stock falls more than 20% below the previous day”s closing price.