by Tom Zaitsev
Moscow Interbank Curr-ency Exchange (Micex) is set to
challenge rival Russian Trading System (RTS) by diversifying
into trading futures and options on proprietary stock index
Micex president Alexander Potemkin revealed that the exchange
had received clearance from regulators for two new instruments
and would offer them to traders in April. "First, we'll
introduce futures on Micex equity index and move on to index
options afterwards," he said, adding that the exchange had also
considered launching options on selected stocks.
Derivatives trading has been in the background of Micex, which
for a long time handled only foreign currency futures.
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