Moscow Exchange expands options for market data use
Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), has added new opportunities to use its equity market data by trading members, interested clients and partners.
MOEX’s data on equities prices can now be used for securities quotation and trading on platforms other than Moscow Exchange. This option was not available before.
The market data is licensed by Moscow Exchange in two ways – for alternative systems and for creating derived data. The license terms and conditions are available in the updated versions of the following documents: Information Technology Services Terms, Fees for IT and Technical Services and Market Data Policy.
Speaking of enhancements of MOEX’s services, let’s note that, also effective November 9, 2020, Moscow Exchange’s market-making programs for derivatives have been updated to include new terms and conditions designed to facilitate uninterrupted quotation at times of high volatility and to provide additional support for market makers.
Requirements to maintain two-sided quote spreads and a minimum order size at times of increased volatility have been eased to support uninterrupted contract quotation. The new requirements will be enabled automatically based on historical volatility values.
The new provisions apply to the following current programs: Program 1 Futures contracts on Gazprom, Lukoil and Sberbank ords, Program 1 Futures contracts on currency pairs USD/RUB, EUR/RUB and EUR/USD and Program 1 Futures contract on Brent oil, gold and silver.
Earlier in November, as FX News Group has reported, MOEX launched a new transactional interface for MOEX Securities and FX markets.
The new service, called FIFO MFIX Trade, aims to be the fastest transactional interface for MOEX Securities and FX markets, providing First in – First out messages ordering on gateway with probability over 99%. This markedly increases the transparency and predictability of the operations of the tech infrastructure of the Exchange.
The service is available exclusively in MOEX Co-location. Banks, brokers, algo traders and HFT traders can make use of the new service.