The Moscow Exchange establishes a mechanism to limit the aggressiveness of limit orders

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AK&M 07 December 2023 11:12

Starting from December 25, 2023, the Moscow Stock Exchange introduces a mechanism for limiting the aggressiveness of limit orders on the stock market. This is stated in the message of the exchange.

Starting from December 25, when executing a limit order for shares and units, the maximum deviation of the order execution prices will be set at 5% of the price of the best counter request at the time of submitting the limit order.

The mechanism for limiting the aggressiveness of applications on the stock market was first established on November 2, 2020 for market applications. Its purpose is to protect investors from mistakes when applying for transactions with stock market instruments, as well as from possible losses in case of significant price changes.