Moscow Exchange Adds USD/CAD & USD/TRY Futures, FX Volumes Rebound 37%
- The foreign exchange futures offering on the Moscow Exchange is being expanded with the introduction of USD/CAD and USD/TRY contracts amid growing demand from local investors and closer ties between Russia and Turkey.
(Photo: Bloomberg)
According to an announcement made by the Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, it has started offering trading in futures contracts on US Dollar-Canadian Dollar and US Dollar-Turkish Lira currency pairs. The official market maker will be Metallinvestbank, providing quotes for the new futures.
On the first trading day, brokers were offered the futures with Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term in June 2015. The minimum base initial margin required to trade the contracts is 4% for USD/CAD futures and 7% for USD/TRL futures.
The new instruments are aiming to diversify the Moscow Exchange's offerings for its FX futures market participants, catering to the needs of both professional brokers and private investors.
The Moscow Exchange also registered a solid rebound in trading volumes in the second month of 2015 with the total foreign exchange trading value amounting to RUB 19.6 trillion ($315 billion), higher by 37% when compared to last month which saw a seasonal decline in trading activity on the exchange.
When compared to a year ago, the figures are higher by 10.8%, as spot trades accounted for RUB 7.8 trillion ($125 billion) and swap trades totaled RUB 11.8 trillion ($189 billion). The average daily trading volume totaled RUB 1 trillion ($16 billion).
(Photo: Bloomberg)
According to an announcement made by the Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, it has started offering trading in futures contracts on US Dollar-Canadian Dollar and US Dollar-Turkish Lira currency pairs. The official market maker will be Metallinvestbank, providing quotes for the new futures.
On the first trading day, brokers were offered the futures with Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term in June 2015. The minimum base initial margin required to trade the contracts is 4% for USD/CAD futures and 7% for USD/TRL futures.
The new instruments are aiming to diversify the Moscow Exchange's offerings for its FX futures market participants, catering to the needs of both professional brokers and private investors.
The Moscow Exchange also registered a solid rebound in trading volumes in the second month of 2015 with the total foreign exchange trading value amounting to RUB 19.6 trillion ($315 billion), higher by 37% when compared to last month which saw a seasonal decline in trading activity on the exchange.
When compared to a year ago, the figures are higher by 10.8%, as spot trades accounted for RUB 7.8 trillion ($125 billion) and swap trades totaled RUB 11.8 trillion ($189 billion). The average daily trading volume totaled RUB 1 trillion ($16 billion).