After the merger of the two Moscow markets, the Moscow Exchange is targeting new products and growth
Some of the world's largest derivatives markets have this
year been desperately trying to launch currency derivatives
but Moscow Exchange is way ahead of them.
Indeed, so established are the Russian exchange's foreign
exchange products - it is the third largest currency futures
and options exchange in the world behind two Indian markets -
that Deutsche Boerse's Eurex wants to list its products.
Eurex said in late May it will launch in July six currency
derivatives but it is also working with MOEX on a
cross-listing of MOEX's flagship FX derivatives - the US
Dollar/ Ruble future and Euro/ Ruble future.
The exchanges have not set a date for the cross-listing
but it could go live in a matter of months, according to
sources close to the exchanges. The development is timely
also because MOEX has this year been busy with those
contracts and had a record day earlier this year when it
executed a hefty $45bn of Dollar-Ruble spot and swaps in a
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