Moscow Exchange to add new options to trade after hours on the Equity Market

Moscow Exchange (MOEX) announced that from 1 March 2021, it will offer more benefits to banks, brokers and their clients to trade after-hours on MOEX's Equity Market.

According to the press release, shares of open-end, interval and closed-end mutual funds are added to the list of instruments available for evening trading. These instruments will be traded in three currencies: RUB, USD and EUR. On 21 December 2020, the Exchange made more trading modes available for trading in shares of open-end, interval and closed-end mutual funds with settlement in USD and EUR.

The closed-end IPO Fund, managed by East-West Asset Management, will be the first fund introduced into the after-hours session on MOEX. The fund will be traded in RUB. Freedom Finance will act as a market maker during evening trading. 

On 22 June 2020, MOEX launched after-hours trading on the Equity Market. In 2020, the evening session generated 8% of the total equity turnover on MOEX. MOEX now offers 125 instruments for evening trading, which includes Russian and international shares, ETFs and Russian-law ETFs as well as shares of open-end, interval and closed-end mutual funds.