Representative of the Moscow Exchange (MOEX: MOEX) Reported, that in the fourth quarter of 2021, the exchange may launch morning trading in stocks with 07:00 in Moscow. First, Russian shares from the Moscow Exchange index and the most liquid foreign issuers will be admitted to morning trading. Moscow exchange does not exclude, that in the future trading will take place around the clock, five days a week.
1 March 2021, the Moscow Exchange has already launched the morning session on the currency and derivatives markets. The duration of trading has increased from 14 to 17 hours.
In April, the number of investors on the Moscow Exchange increased to 11.5 million, and last year 5 million people opened brokerage accounts. A longer trading day will lead to more trades and higher commission income for the exchange.
“The exchange continues to actively develop its product line and expand opportunities for all categories of investors. The launch of the morning trading session on the foreign exchange and derivatives markets had a positive impact on volumes and significantly improved the availability of our platform for investors from the eastern regions of Russia and Asia.”, - said the chairman of the board of the Moscow Exchange Yuri Denisov.
Fee and commission income makes up the majority of the exchange's operating income − 72%. In the first quarter, this segment grew by 17%, and total operating income 7,2%. During the year, the shares of the Moscow Exchange added 47%.
Operating income of the Moscow Exchange in 1 quarter
| 2020 | 2021 | The change | |
|---|---|---|---|
| Fee and commission income | 7909,9 | 9252,9 | 17,0% |
| Interest and other financial income | 3992,7 | 3550,6 | −11,1% |
| Other operating income | 85,8 | 52,9 | −38,3% |
| Total | 11 988,4 | 12 856,4 | 7,2% |
Fee and commission income
2020
7909,9
2021
9252,9
The change
17%
Interest and other financial income
2020
3992,7
2021
3550,6
The change
−11,1%
Other operating income
2020
85,8
2021
52,9
The change
−38,3%
