On the anonymous market trades are executed via the CCP in the course of double auction of opposite orders without full preliminary asset depositing with DVP settlement in US dollars on T+4.
On June 30th, 2008 RTS implemented electronic netting for settlement of trades executed on the anonymous market, which:
* Reduces the funding costs (for settlement a participant is required to deliver assets in the amount of net obligations);
* Significantly simplifies the work of back-offices as the manual processing of each trade is no longer necessary
* Creates a more favourable environment for brokers' clients on the Russian equity market.
* Raises competitiveness of brokers providing direct access to this trading mode to both local and international investors via Internet trading systems.
At present 58 organizations are connected to this trading mode. -- www.rts.ru
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
