Moscow Exchange wants to launch futures on a number of Asian indices by the end of the year

Moscow Exchange plans to launch futures on some Asian stock indices before the end of the year, informed Interfax with reference to the head of the futures market of the exchange, Maria Patrikeeva.

“We see demand from brokers who want to expand their clients’ access to the Asian markets. By the end of the year, we plan to provide clients with the opportunity to trade Asian benchmarks,” she said.

According to Patrikeyeva, Moscow Exchange expects further growth in demand for the yuan, and therefore thought about trading in Asian indices. If futures contracts are launched, trading will be conducted in rubles.

Since August 3, Moscow Exchange start trading in bonds settled in Chinese yuan. The first securities for trading became available to investors – bonds of the company “Rusal”, the volume of which amounted to 2 billion yuan, with a circulation period of five years and an offer in two years. By August 18, it became known that the turnover of yuan trading exceeded at the moment of trading in the dollar, while in early July, trading in the yuan on the Moscow Exchange for the first time exceeded the volume of trading in the euro.

Since August 8, Moscow Exchange provided access to the derivatives market for non-residents from countries that are not included in the list of unfriendly countries. Since August 15, the Moscow Exchange has also allowed non-residents from “friendly” countries to trade in bonds. Access was also open to non-resident legal entities whose ultimate beneficiaries are Russian companies and citizens. Trading became available in all modes.

In September, the Moscow Exchange is going to resume evening trading in the stock market and morning currency trading.