The Moscow Stock Exchange explained the popularity of weekend trading
The expansion of trading time today is a global trend that is being discussed by regulators and the world's largest exchanges, Boris Blokhin, managing director for the stock market and digital assets of the Moscow Stock Exchange, said in a conversation with Izvestia. The Russian market has been at the forefront of this trend.
"According to a study by the International Federation of Stock Exchanges, the trend towards increasing the duration of trading up to round—the-clock is caused by the democratization of exchange trading and the influx of private investors, as well as the development of quasi-markets such as the crypto market," the source explained.
The first year of weekend trading on the Moscow Stock Exchange showed that people were waiting for such an opportunity, he confirmed. The share of private investors in the trading volume over the weekend has exceeded 88% since the launch, with more than 100,000 people making transactions every day.
"This is due to the fact that it is convenient for investors to trade, including during non—business hours, and manage their portfolio taking into account the current news agenda," said a representative of the trading platform.
The exchange, for its part, is constantly expanding the opportunities of investors on weekends by adding new tools, Blokhin recalled. In particular, 289 shares and units of exchange-traded mutual funds have been admitted to trading on the stock market over the weekend. At the end of the month, government and corporate bonds will be added to them.
Read more about the reasons for the growing popularity of weekend trading on the Russian stock market in the Izvestia article.
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