Micex-RTS top brass have recommended that Moscow’s stock exchange stay closed for 10 days from December 29 to January 7, a period practically coinciding with Russia’s national non-working season.
However, as a general principle, the top management recommended keeping trade going at Micex-RTS on Russian public non-working days if they make up more than one day in a row and are trading days at British and US exchanges, though this would not apply to the Russian official holidays of January 1, January 7, February 23, March 8, May 1, May 9, and November 4, Micex-RTS said in a statement.
The bourse is due to test out its software on January 4 in preparation for planned changes in its clearing system, but there will be no trade that day. Trade resumes on January 8.
Russia will have an official non-working season from December 30 to January 8.
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