MOEX to Test New ASTS+ Platform for FX Ahead of Next Week’s Launch

Moscow Exchange's FX trading and clearing system is upgraded and rebranded.

Russia’s leading bourse, Moscow Exchange (MOEX), has today announced the public testing of its upgraded ASTS+ platform for trading and clearing foreign exchange which will start this weekend within a production environment ahead of its planned launch on May 30th 2016, as per an official MOEX update.

Last month MOEX announced that it had undertaken significant architectural changes to its FX market trading and clearing system technology while re-branding the upgraded service as ASTS+ to reflect the enhanced service set to launch next Monday.

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Testing ahead of launch

MOEX will host the testing environment on May 28th within a production stage for the public who will be able to connect starting 12:30 Moscow time, with trading commencing 30 minutes after that at 13:00. The simulated session ends at 17:00 and the extended session will last until 18:00.

MOEX also upgraded the MICEX Currency Analytics terminals and Trade Currency functions, enhanced position identifiers and removed redundant ones, as well as adding deliverable futures trading capabilities under the FUTS board.

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FX trading and clearing: ASTS+

The products tradeable during Saturday will have Monday’s date in the simulated production environment, meanwhile products with same-day settlement such as USD and GBP instruments will not be tradeable due to the bank holiday this Monday in the U.S. and U.K.  In addition, the new deliverable futures that MOEX is planning to test in July will not yet be available for production testing.

The news follows declining volumes as the changes made by MOEX to its systems are aimed to help improve its product suite and capabilities for members and market participants.

Redundancy solutions

In a parallel release from MOEX today addressed to its derivatives market’s clients, the exchange said that its new PlazaII hot-backup service has been added and is also available for testing in a pre-live environment.

The Plazall hot-backup solution is aimed to give users the ability to set up multiple connections simultaneously to various independent market data distribution servers and order-routing servers, as added backup and redundancy. This ability is aimed to help firms keep redundant connectivity for their client-side software, such as in cases where there is a data feed error or trade-related issue connected with order routing and/or due to data connectivity issues.

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