Moscow Exchange Set to Reduce Margin Rates for FX Market

by Avi Mizrahi
  • Minimum margin requirements were increased in December 2014 by MOEX in response to substantial volatility in the rouble exchange rate
Moscow Exchange Set to Reduce Margin Rates for FX Market
Photo: Bloomberg
Join our Telegram channel

The Moscow Exchange announced tonight that, effective June 8, 2015, it will decrease new minimum initial margin requirements on its FX, Equity & Bond and Derivatives markets.

FX Market initial margin rates will be reduced from 11% to 9%; Equity & Bond Market rates will be reduced from 18% to 15% for most liquid shares; and OFZs requirements will be reduced between one and five percentage points. Minimum initial margin requirements will be set at 9% for USD/RUB futures, 10% for RTS Index futures and 10% for MICEX Index futures.

According to the Moscow Exchange, the venue is gradually reducing margin rates as the Russian financial market continues to stabilise. The Exchange last reduced margin requirements on April 1, 2015.

Minimum initial margin requirements were increased in December 2014 in response to substantial Volatility in the rouble exchange rate and on the Russian securities market.

The Moscow Exchange announced tonight that, effective June 8, 2015, it will decrease new minimum initial margin requirements on its FX, Equity & Bond and Derivatives markets.

FX Market initial margin rates will be reduced from 11% to 9%; Equity & Bond Market rates will be reduced from 18% to 15% for most liquid shares; and OFZs requirements will be reduced between one and five percentage points. Minimum initial margin requirements will be set at 9% for USD/RUB futures, 10% for RTS Index futures and 10% for MICEX Index futures.

According to the Moscow Exchange, the venue is gradually reducing margin rates as the Russian financial market continues to stabilise. The Exchange last reduced margin requirements on April 1, 2015.

Minimum initial margin requirements were increased in December 2014 in response to substantial Volatility in the rouble exchange rate and on the Russian securities market.

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}