The organization overseeing securities trading, the St. Petersburg Stock Exchange, announced that trading will pause on November 3 and is scheduled to resume on Monday, November 6. This update was posted on the exchange’s official website, ensuring investors and market participants receive the latest guidance straight from the source. The pause affects certain instruments and trading venues, with specifics to be clarified as the restart approaches. Market participants are advised to monitor the organizer’s site for any changes to trading hours, permitted order types, and counterparty eligibility as the situation evolves.
According to the exchange’s public notice, currency trading involving both foreign and Russian securities will not occur on the specified pause day. The official statement emphasizes that no currency trading activities will be executed during this window, and it reiterates that any updates about restart times and trading modes will be published by the organizer as soon as they are confirmed. Investors should expect a formal restart plan that outlines the sequence of trading sessions, currency pairs, and any temporary adjustments to margin requirements or trading suspensions that may accompany the reopening.
The press service of the St. Petersburg Stock Exchange indicates that the restart timetable and the operational framework for investors and trading participants will be communicated through the organizer’s official channels. This includes practical details such as the first trading session after the pause, pre-trading procedures, settlement cycles, and any platform-specific changes that might affect order routing, latency, or risk controls. The exchange’s communication strategy underscores a commitment to transparency and orderly market reopening, with ongoing updates as the situation develops.
In a formal note, the exchange stated that currency trading is planned to begin again on November 6, 2023, guiding participants to prepare for a return to normal market activity after the pause. Market watchers and analysts are advised to align their risk management and liquidity provisions with the restart plan, ensuring compliance with any newly issued trading rules and operational protocols. This pause and restart cycle comes amid broader regulatory actions and sanctions dynamics affecting Russian markets, which have implications for cross-border trading and settlement flows. Traders should stay informed about any sanctions-related restrictions that could influence access, counterparties, or product availability, and they should consult the official notices for authoritative guidance. (Source: SPB Exchange official site)