The trading system provides to all members of FX market Section equal opportunities in placing and fulfilling bid and offer orders for purchase and sale of foreign currency and also in receiving information about the trading. The trading participants may execute transactions on their own behalf and on their clients order and also on their own behalf and on their own account.

Orders entered by Section's members are displayed on the trading terminal screen anonymously. Deals are made automatically as matching orders entered into the system. Section's members may conclude deals on UTS in SELT and also have a possibility to register off-system deals indicating counter party on these deals. Trading on UTS is hold in the mode and order stipulated in Part 5 of The Rules of holding foreign currency purchase and sale operations on unified trading session (UTS) of interbank currency exchanges and in Part 6 of The Rules of holding foreign currency purchase and sale operations at MICEX.

Ones transaction is executed Section's member is responsible for all the obligations connected with fulfillment of the deal and MICEX secures obligation fulfillment on this deal. The Section's members who have indebtedness to MICEX on deals concluded are not admitted to the trading. Constant monitoring of the current financial standing of banks ≈ members of the Section allows to solve the problem operatively in case of sharp deterioration of their standing on discharge of such members of the Section from participation in trading.

The net-operation limits to each Section's member for operations with foreign currencies are set in accordance with Part 4 of the Rules of holding foreign currency purchase and sale operations on unified trading session (UTS) of interbank currency exchanges.

For transactions on USD/RUB_UTS_TOD and USD/RUB_UTS_TOM instruments advance payments effected in US dollars and Russian roubles are taken in account when setting trading limits to Section's members with 1.8% ratio for USD/RUB_UTS_TOD and 2.7% ratio for USD/RUB_UTS_TOM instrument.

For transactions on EUR/RUB_UTS_TOD and EUR/RUB_UTS_TOM instruments advance payments effected in Euro and Russian roubles are taken in account when setting trading limits to Section's members with 4% ratio for EUR/RUB_UTS_TOD and 6% ratio for EUR/RUB_UTS_TOM instrument.

For operations in Ukrainian hryvnas, Byelorussian roubles and Kazakh tenges for Russian roubles Section's members provide money funds in currency and amount, which they plan to offer on UTS.

There are two categories of membership in FX market Section.

"A" category FX market Section's members should meet strict requirements for financial standing of the candidacies for entering into the FX market Section. They are provided with a possibility to participate in risk covering fund. The entry fee paid by each trading participant is 20000 US dollars. If a trading participant leaves from the fund's membership MICEX reimburses the fee and interest on it in full.

MICEX quarterly sets net-operation limits to risk covering fund's members. The net-operation limit should not exceed member's own capital more then 1.5 times. Moreover the limit should not exceed 70 million dollars for each member.

The FX market Section members of "B" category may perform operations on UTS only within the deposited in advance funds in Russian roubles and foreign currency.