According to the broker’s website, Tsifra Broker will begin to forcibly close its clients’ short positions on foreign securities on the St. Petersburg Stock Exchange. Closing transactions will be carried out in the over-the-counter market at the market value formed on the New York stock exchanges at the time of closing the positions.

Tsifra Broker will begin forcibly closing client short accounts on the St. Petersburg Stock Exchange

Closing of naked short positions will begin on November 24; On Thursday, November 23, the company will add all uncovered positions in all foreign securities to the restrictions list.

On November 2, trading in foreign securities on the St. Petersburg Stock Exchange was suspended due to the site’s inclusion in the US SDN list.

As the exchange stated, these circumstances will not affect clients’ assets. At the same time, the platform encountered problems with the settlement of transactions that were concluded on November 1 and 2. However, the SPB Exchange reported that it made these calculations on November 20.

On November 7, it became known that the site’s general director, Roman Goryunov, was leaving his position and resigning from the board of directors. His place was taken by the first deputy general director, Evgeny Serdyukov.


Natalia Gormaleva

Source: RB

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