Source Pravda.Ru

MICEX forward market to work until 19:00 in autumn

The Moscow Interbank Currency Exchange plans to prolong a trading session of its forward market until 19:00 at the end of September 2002, Alexander Zakharov, general director of the MICEX, declared today. He pointed out that currently the trade on the forward market finishes at 16:00, at the same time the trade on the stock market continues until 19:00.

Moreover, the MICEX plans to improve the technology of trade and to create a reserve fund on the forward market.

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