Currencies

Participants may bilaterally trade foreign currencies through the STN system. Participants trade in its own name and for its own account, an investment fund management company on its own name and for the account of investment fund. Stock brokers can trade for their own account or for the clients' account.


FX trades may be spot and future. In a prompt trade obligations are settled on the trading date (T +0). In future trades obligation are settled in the future on T+ n (n <366). When a trade is executed the STN generates a contract and delivers it to the counterparties.

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