VTB My Investments clients have the opportunity to make transactions in the over-the-counter market on weekends and holidays. Applications will be processed from 10:00 to 19:00 Moscow time.
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The auction this weekend will be held on the basis of the “best market price” principle, VTB told RBC Investments.
“This means that the investor buys and sells financial instruments at the current price, a counteroffer from a potential counterparty, so the order is executed as quickly as possible,” they noted.
For now, trading with shares of the largest money market exchange-traded fund Liquidity (LQDT) can be done in the VTB My Investments application. The list of tools will be expanded later.
Transactions will be settled on the first business day after weekends and holidays. VTB also added that they plan to launch round-the-clock trading in a few months.
- Tinkoff Investments (now T-Investments) was the first broker to launch weekend trading. This type of trading assumes that all client orders received by the broker over the weekend will be executed on the over-the-counter market, directly between the seller and the buyer.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
