MOEX has built up for a number of changes to its offering this summer, including new pairs and risk management tools.
Moscow Exchange (MOEX) will be altering a number of its services and product offerings in the foreign exchange (FX) space, which will see a variety of changes to its futures contracts as well as a new currency pair, among other differentiating factors, per a recent MOEX statement.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
MOEX’s FX volumes have been on the rise recently, as illustrated in its monthly turnover report published earlier this month. On the back end of increased demand, MOEX has opted to expand a number of opportunities and capabilities to FX market participants, which will collectively aim to improve Risk Management capabilities for venues and clients.
New Additions
The range of changes seen to MOEX’s offering will take effect only on July 4, 2016. Of these changes, MOEX will offer new deliverable futures contracts on USD/RUB, EUR/RUB and CNY/RUB currency pairs. In particular, the contract lot will be stipulated at 100,000 currency units, with a tick size of RUB 0.01 for USD/RUB and EUR/RUB and RUB 0.001 for CNY/RUB.
Moreover, MOEX has also chosen to unveil a new currency pair for market participants, as it will now be offering the CHF/RUB pair – the primary impetus behind the launch will be to help calculate risk parameters for CHF-denominated bonds, in essence making the currency eligible as collateral.
Finally, MOEX will be beefing up its risk management capabilities, which will include provisions for its collateral requirements. Given an inter-product spread, opposite positions in EUR and USD collateral requirements will be reduced, helping enable trading firms to mitigate their respective funding costs.
MOEX will also aim to help appropriate client risk in the form of trading account registration – this will result in the registering of second and third tier client accounts, tapping into MOEX’s panel of risk management tools.
According to Alexander Afanasiev, Chief Executive Officer (CEO) of Moscow Exchange, in a statement on the new initiative: “In recent years, Moscow Exchange’s FX Market has transformed from a segment of the domestic interbank market to the global trading platform for ruble operations. Today, it is the main marketplace for FX transactions and the centre for establishing the national currency rate.”
"The market enhancements we are announcing today will create new business opportunities for market participants and their clients in FX trading and risk hedging, with fast and effective technology providing new strategies to combine spot and long-tenor FX instruments. This will facilitate market Liquidity , and reduce costs and risks for Russian and international participants," he noted.
Moscow Exchange (MOEX) will be altering a number of its services and product offerings in the foreign exchange (FX) space, which will see a variety of changes to its futures contracts as well as a new currency pair, among other differentiating factors, per a recent MOEX statement.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
MOEX’s FX volumes have been on the rise recently, as illustrated in its monthly turnover report published earlier this month. On the back end of increased demand, MOEX has opted to expand a number of opportunities and capabilities to FX market participants, which will collectively aim to improve Risk Management capabilities for venues and clients.
New Additions
The range of changes seen to MOEX’s offering will take effect only on July 4, 2016. Of these changes, MOEX will offer new deliverable futures contracts on USD/RUB, EUR/RUB and CNY/RUB currency pairs. In particular, the contract lot will be stipulated at 100,000 currency units, with a tick size of RUB 0.01 for USD/RUB and EUR/RUB and RUB 0.001 for CNY/RUB.
Moreover, MOEX has also chosen to unveil a new currency pair for market participants, as it will now be offering the CHF/RUB pair – the primary impetus behind the launch will be to help calculate risk parameters for CHF-denominated bonds, in essence making the currency eligible as collateral.
Finally, MOEX will be beefing up its risk management capabilities, which will include provisions for its collateral requirements. Given an inter-product spread, opposite positions in EUR and USD collateral requirements will be reduced, helping enable trading firms to mitigate their respective funding costs.
MOEX will also aim to help appropriate client risk in the form of trading account registration – this will result in the registering of second and third tier client accounts, tapping into MOEX’s panel of risk management tools.
According to Alexander Afanasiev, Chief Executive Officer (CEO) of Moscow Exchange, in a statement on the new initiative: “In recent years, Moscow Exchange’s FX Market has transformed from a segment of the domestic interbank market to the global trading platform for ruble operations. Today, it is the main marketplace for FX transactions and the centre for establishing the national currency rate.”
"The market enhancements we are announcing today will create new business opportunities for market participants and their clients in FX trading and risk hedging, with fast and effective technology providing new strategies to combine spot and long-tenor FX instruments. This will facilitate market Liquidity , and reduce costs and risks for Russian and international participants," he noted.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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