Moscow Exchange has revealed a new lineup of multi-asset products it will be rolling out in April.
Trading and settlement will be offered in new products across bonds, repo and derivatives from next month, alongside upgrades to its equities trading.
From 27 April, anonymouse trading in equities will settle on a T+1 cycle, replacing previous T0 and T+2 settlement.
A new block trading system will also enable firms to fill large orders at average market price via two discrete auctions held at 11:47 and 4:47 each day for 13 minutes.
Repo trades will be able to be settled in USD and EUR with the CCP in addition to existing RUB settlement, while the maximum term for repo will increase to seven days.
Derivatives contract delivery will be performed automatically enabling market participants to cross-net delivery obligations with open positions with T+1 and see an absence of prefunding requirements.
Moscow Exchange will also introduce an automatic mechanism for the exercise of options to eliminate the risk of missing a deadline.
The bond market will also receive upgrades to clearing arrangement and trading will be offered in bonds demoninated in CNY and GBP, settled in those currencies.