Category: Russian Economy

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In order to improve the efficiency of the stock market microstructure, Moscow Exchange, as part of its quarterly review from February 2, 2026, is setting a new price step and Decimals parameter forlist of securitiesin the following trading modes:

Main trading mode T (“glass” T 1) Trading mode “Incomplete lots” Negotiated transactions mode (RPS) Trading mode “RPS with CC”

The current approach to setting the price step wasapprovedBy the Moscow Exchange Stock Market Committee.

The methodology includes:

The price step size can take values of (1,2,5) * 10N, where N is an integer; the number of price ranges is 25, the number of liquidity ranges is 7; for each liquidity range, a recommended range of the number of price steps in the spread is set; the maximum permissible value of the relative price step is 1%.

For reference:

When determining the price increment, the price and liquidity of securities are taken into account. Optimizing the price increment reduces the wait time for an order to be executed at the best price and encourages investors to submit limit orders in the order book. Improving the quality of exchange trading enables investors to apply algorithmic trading strategies to a wider range of securities and contributes to increased liquidity.

The price step has been revised quarterly since the second quarter of 2015.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

14:09

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on January 21, 2026, 14:09 (Moscow time), the values of the upper limit of the price corridor (up to 106.58) and the range of market risk assessment (up to 1164.06 rubles, equivalent to a rate of 8.75%) for the security RU000A0ZZ1N0 (DOM 1P-3R) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

13:48

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on January 21, 2026, 1:48 PM (Moscow time), the values of the lower limit of the repo price corridor with settlement code Y0/Y1Dt (up to -200.0%), the transfer rate and the range of interest rate risk assessment (up to -10.824 rubles, equivalent to a rate of 350.3%) of the SFIN security (SEFAI JSC) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

12:53

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on January 21, 2026, 12:53 (Moscow time), the values of the lower limit of the repo price corridor with settlement code Y0/Y1Dt (up to -200.0%), the transfer rate and the range of interest rate risk assessment (up to -9.566 rubles, equivalent to a rate of 311.44%) of the SFIN security (SEFAI JSC) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

12:48

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on January 21, 2026, 12:48 (Moscow time), the values of the upper limit of the price corridor (up to 106.8) and the range of market risk assessment (up to 1139.06 rubles, equivalent to a rate of 9.0%) for the security RU000A0ZYF20 (DOM.RF B-6) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

12:33

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on January 21, 2026, 12:33 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -200.0%), the transfer rate and the range of interest rate risk assessment (up to -8.309 rubles, equivalent to a rate of 272.58%) of the SFIN security (SFAI JSC) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

12:21

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 21.01.2026, 12:21 (Moscow time), the values of the upper limit of the price corridor (up to 99.2) and the range of market risk assessment (up to 1078.89 rubles, equivalent to a rate of 18.75%) of the security RU000A106TR5 (VimpelK3R3) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

12:05

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on January 21, 2026, 12:05 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -196.69%), the transfer rate and the range of interest rate risk assessment (up to -7.052 rubles, equivalent to a rate of 233.72%) of the SFIN security (SEFAI JSC) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

11:26

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by the National Credit Center (JSC) on January 21, 2026, 11:26 (Moscow time), the values of the lower limit of the repo price corridor with the settlement code Y0/Y1Dt (up to -161.36%), the transfer rate and the range of interest rate risk assessment (up to -5.794 rubles, equivalent to a rate of 194.86%) of the SFIN security (SFAI JSC) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

January 21, 2026

11:18

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on January 21, 2026, 11:18 AM (Moscow time), the values of the upper limit of the price corridor (up to 105.29) and the range of market risk assessment (up to 1,123.38 rubles, equivalent to a rate of 7.5%) for the security RU000A0ZYF20 (DOM.RF B-6) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.