Russian exchange plans to leverage its strength in foreign exchange futures
Moscow Exchange has said cash-settled
USD/RUB FX futures will be launched on its main
over-the-counter derivatives market on August 18.
The exchange said the new instrument is
designed to allow market participants to hedge against
exchange-rate risk. Contracts can be concluded with any
expiration date and any underlying asset size. Settlement
in cash is intended to reduce costs
as no physical delivery is necessary.
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