OREANDA-NEWS. November 28, 2011. The MICEX-RTS equity, derivatives and foreign exchange markets will function from January 3rd to January 6th, 2012. Trading sessions and settlements will be held in accordance with regular operating schedules of relevant markets. Representatives of the exchanges currently advise with officials on functioning of the Exchange on 9th January 2012 taking into account opinions of market participants. Trading and settlements infrastructure of the integrated exchange is ready to provide all necessary services to the participants on mentioned days.

The foreign exchange market will allow them to roll over their positions through the holidays. On December 29, 2011 ETC trading participants will be able to execute trades in swaps USD_TOMNYH, EUR_TOMNYH and EURUSD_TOMNYH. Settlements on the first part of these trades (TOM) will be carried out on the next trading day, 30 December 2011, and on the second part (NYH) – on 10 January 2012 (according to a special resolution of the Executive Board of ZAO MICEX). All effective rules and procedures on risk management systems and default management will apply to trades in these instruments executed on 3, 4, 5 and 6 January 2012.

Opening of the MICEX-RTS markets for the period of the New Year holidays is necessary for providing consistency of the Russian financial market with overseas trading venues and avoiding risks associated with long-term closure of trading.