Moscow Interbank Currency Exchange (Micex) is gearing up for
the launch of oil futures contracts.
"Introduction of energy derivatives is in tune with the
current stage of economic reform in Russia," director of
standard contracts Sergei Mayorov told FO Week. "There
is growing demand from oil industry participants for versatile
and effective tools to manage price risk exposure in the
physical energy market. The trading community is now ready to
start using them as part of risk management portfolios."
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