Moscow Exchange will start trading futures and options on the wheat index from August 31
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The Moscow Exchange starts trading in the settled futures contract for the WHCPT wheat index and margined options on this contract from August 31. This announcement has been posted on the website. Moscow Exchange. Counterparties whose futures contracts expire in September, October, November and December and whose option contracts expire in September and October of the current year will be able to participate in the auction.
The lot size of the futures contract will be equal to one ton and will be calculated in rubles per ton. The minimum step of the price and its value is 10 rubles.
The lot size for the option will be one futures contract with a minimum price step and its value – 10 rubles each.
The underlying asset of the futures contract is the wheat exchange index calculated by the National Commodity Exchange (NTB). The index value is calculated based on the results of commodity auctions for the purchase of wheat, which have been held at the NTB since August 2021.
Russia’s own wheat exchange index appeared in early July. Formerly Managing Director for Derivatives of the Moscow Exchange Vladimir Yarovoy spokethat “for agricultural market participants, the new tool should become an indicator of the price of wheat in real time, open up wide opportunities for managing price risks and a convenient way to invest in the Russian wheat market.”
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