Starting on Tuesday, the Moscow Stock Exchange will calculate new indicators of the debt market: indexes of corporate bonds with variable coupons and an index of federal loan bonds (OFZ) with constant income and a duration of five to seven years.
Author:
https://rb.ru/author/ntihonov/
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Indicators will also be added, the calculation basis of which includes bonds with coupon payment rates that depend on the key rate of the Central Bank and the RUONIA indicator, or separately from each of them.
The exchange’s press service reported that the calculation of the main OFZ indices (total return index – RGBITR, price index – RGBI), corporate bonds (total return index – RUCBTRNS, price index – RUCBCPNS), municipal bonds (total return index – RUMBTRNS, price index – RUMBCPNS) will now be carried out once every 15 seconds. Currently, corporate and municipal bond indices are calculated daily, OFZ indices – every minute.
There is also an indication that in order to calculate bond indices it is necessary to use the volume of the issue that is in circulation on the stock exchange at the date of formation of the calculation base. Requirements for the liquidity parameters of bonds, if they are included in the calculation bases, have also been updated. Currently, the Moscow Exchange calculates more than 400 different indicators of the financial market.
We previously wrote that the Moscow Exchange was planning to buy its own brokerage company. The move comes in response to criticism from brokers about the possibility of providing investors with direct access to trading.
Author:
Nikolai Tikhonov
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.
