Starting November 11, the Moscow Stock Exchange will launch a mechanism to stabilize prices in the foreign exchange market

The price update auction will be launched automatically when the price instrument reaches one of the limits of the established price corridor. Ten seconds later the auction begins and at the same time the new broker limits are recalculated, the message states.

The auction will be launched automatically when the price corridor limits of the traded instrument are reached. New limits are set 10 seconds after reaching the price limit. The duration of the auction will be 10 minutes and 30 seconds, with the auction price being determined in the last 30 seconds before returning to normal trading.

The exchange clarified that the auction will cover all spot instruments of the currency pair with modified broker limits, including “today” (TOD), “tomorrow” (TOM), “T+2” and “small lot” transactions ( TMS).

The press service of the Moscow Stock Exchange explained to RBC Investments that the auction mode is similar to the discreet one: operations are switched to a special mode for ten and a half minutes, participants continue to submit applications and watch them at the terminals, which It helps them evaluate the market situation.

Discrete auctions are a mode of trading involving a central counterparty that is used to prevent trading from being suspended due to sudden price fluctuations. This mechanism is activated if the stock price changes more than 20% in five minutes compared to the previous close.

In mid-October, the Moscow Stock Exchange made it possible to update the trading volume record at the end of 2024. At the end of 2021, the total trading volume on the Moscow Stock Exchange for the first time in history exceeded the mark of 1 trillion rubles, which is equivalent to 1.01 trillion rubles. In 2023, the trading volume increased to 1.3 trillion, up 24% from the previous year.