Moscow Exchange (MOEX) has announced that it has just released a new service called “Indicative Quote System IQS”.
Indicative Quote System IQS is available for participants on the production environment starting from 23 April 2018. The service allows participants to show their interest in low liquidity contracts without blocking initial margin. On a matching counter offer and after subsequent initiator’s confirmation, all the initial margin checks will be performed by the common Spectra’s risk modules.
Connectivity is allowed via current Plaza2 logins, additional certification process is required.
For more details about IQS project, click here (.pdf file).