Moscow Exchange will introduce a new type of applications

Moscow Exchange will introduce a new type of application starting from September 22. Investors will be able to specify not the maximum price for an asset, as in a standard limit order, but the weighted average cost of the entire package of securities to be purchased. This means that some of the transactions may be priced at a higher price, but the final average price will not exceed the specified limit. This mechanism is widely used abroad for large transactions, allowing investors to focus on the result rather than on the details of order execution.