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Screenshot of a breaking news alert e-mail from Q2 2017
Russia’s biggest venue for trading derivatives, shares and Forex – the Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX), is planning to close a whole trading segment whose turnover has fallen.
MOEX announced today that it will close its Classica sector from August 3, 2015. Securities currently trading in the sector include shares in more than 300 companies active in car manufacturing, energy, utilities, metallurgy and even media.
The securities will be added to the MOEX Board system of indicative quotations, which started operating in December last year. The tickers will be kept in Bloomberg and Reuters.
The Exchange said the decision reflects the fact that “the Classica sector is not efficient to maintain”. After the launch of the T+2 settlement cycle on the Equity Market, Classica’s volumes have sharply fallen, MOEX said in its announcement. At present, these trading volumes represent only 0.01% of the total equity trading on the Exchange.
To view the official announcement by the Moscow Exchange, click here.
To view the full list of trading instruments in Classica (in Russian), click here.