Russian exchange added FX swaps and forwards for clearing in February
The Moscow Exchange (Moex) said Tuesday it
will expand on July 4 its foreign exchange suite with the
addition of three new deliverable futures contracts.
The Russian exchange group said it will
add futures contracts on USD/RUB, EUR/RUB and CNY/RUB currency
pairs, in a bid to offer new client service and improve risk
The new contracts differ from the
exchange’s current futures suite in a number of
ways. They are much larger in size – around 100 times
larger than most of Moex’s standard Russian
futures contracts – they are deliverable, and they are
available for trading on the firm’s spot FX and
swaps platform, rather than the RTS [Russian Trading System]
Standard Index like its other futures contracts.
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