Moscow Exchange will start trading futures on the UAE dirham and Indian rupee from April 4
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From April 4, the Moscow Exchange will begin trading on the futures market in futures contracts for the UAE dirham-Russian ruble (AED) and Indian rupee-Russian ruble (INR) pairs. press office exchanges.
“We see customer requests for a quick response from the infrastructure in connection with the rapidly changing conditions in global markets,” said Maria Patrikeeva, head of the derivatives market of the Moscow Exchange, commented on the emergence of new pairs.
Futures on the UAE dirham-Russian ruble exchange rate will be traded in lots of 1,000 UAE dirhams. The minimum price step is 0.001 Russian rubles. The cost of the minimum price step is 1 rub.
Futures on the Indian rupee-Russian ruble exchange rate will be traded in lots of 10 thousand Indian rupees. The minimum price step is 0.0001 Russian rubles. The cost of the minimum price step is 1 rub.
Market participants will have access to contracts with execution in June, September and December 2023, as well as with execution in March 2024. The price of the contract execution will be equal to the value of the exchange rate of the Central Bank of the Russian Federation for a currency unit, set on the day of the contract execution, rounded up to the minimum step.
The share of the USD/RUB currency pair (dollar/ruble) in the exchange trading turnover in February decreased to the lowest value in recent years: the figure was 36% against 40% in January. In March, the Moscow Exchange launched trading in futures for the Turkish lira and the Hong Kong dollar.
More about this – in the material “Kommersant” “More dollars, urgent and miscellaneous”.
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