Finam will suspend over-the-counter trading in frozen securities of the St. Petersburg Exchange
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Broker Finam will suspend over-the-counter trading in frozen shares on the St. Petersburg Exchange, the company said in a statement, which the publication drew attention to FrankMedia. The decision is related to the transfer of investor securities to non-trading sections – St. Petersburg Exchange announced the start of this process on November 28. The date of trading suspension has not been specified.
“Over-the-counter trading will be resumed after Finam receives final information from the exchange and the appropriate adjustments to trading systems have been made,” she said. press service broker.
The company clarified that Finam’s clients will be able to make over-the-counter transactions in foreign shares listed on the Moscow Exchange as usual. At the moment, as the press service added, more than 200 instruments are available to investors, including shares of foreign companies and shares of FinEx funds.
Finam launched over-the-counter transactions with blocked assets in April 2023. In October, the number of shares traded exceeded 600. November 2 US Treasury entered blocking sanctions against the St. Petersburg Exchange, after which trading in foreign shares was suspended.
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