Tinkoff Investments becomes the first Russian broker to offer weekend trades

MOSCOW, Dec.22 (Reuters) – Tinkoff Investments, the brokerage arm of TCS group online banking (TCSq.L), Tinkoff, announced on Wednesday that it will offer weekend securities trading, the leading brokerage in Russia to do so, with the aim of attracting more investors.

Russia’s largest stock exchange, Moscow Exchange, part of the MOEX group (MOEX.MM), this year extended trading hours for a wide range of instruments, including currencies, derivatives and bonds, with the aim of attracting more liquidity and attracting companies, especially from Asia. .

“We are convinced that access to the stock market on weekends will become a major draw for investors who do not have time to follow the dynamics of the market on weekdays, and who will now be able to react quickly to the events of the weekend “, Dmitry Panchenko, director of Tinkoff Investments. said in a statement.

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He said cryptocurrencies and many other financial instruments have been traded 24/7 since their inception and Tinkoff wanted to offer his clients more convenient trading hours.

The number of retail investors in Russia increased in 2020 amid a coronavirus lockdown and record interest rates, a trend that has continued this year and was partly responsible for a surge in stock quotes. Russian companies. Read more

Tinkoff Investments told Reuters this year that it hopes to capitalize on higher net worth individuals with more specialized global products, such as PSPCs, pre-IPOs and derivatives.

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Reporting by Alexander Marrow; Editing by Kirsten Donovan

Our Standards: Thomson Reuters Trust Principles.

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