On October 8, the Moscow Exchange will launch new futures for industrial and non-ferrous metals.

What parameters have been updated: The updated parameters mean that the duration of the contract will be uniform: it will be 3 months, previously it was three times less. The batch of new contracts will be 10 times smaller, which will proportionally reduce the cost of new futures and the size of the collateral. The rise in the price of copper futures will double.

What parameters have been updated:

• The circulation period of the contract was unified: it will be one quarter. Previously, aluminum and zinc futures had a quarterly expiration, copper and nickel, one month;
• The batch of new contracts will be reduced 10 times compared to the current ones. This measure will proportionally reduce the cost of new futures and the amount of collateral to open a position;
• The increase in the price of copper futures will double (up to one ruble);
• Commercial contract codes will change: copper (COPPER to CE), aluminum (ALUM to AN), nickel (NICKEL to NC) and zinc (ZINC to ZC).

Reducing the lot sizes and changing the cost of the new non-ferrous and industrial metals futures will make them more accessible to a wide range of investors, the site said in a statement.

Non-ferrous and industrial metal commodity futures with current parameters will continue to be traded until the end of their circulation period. No new contract series will be added.

On October 1, the Moscow Stock Exchange began trading in perpetual futures of shares of the two largest issuers: Sberbank and Gazprom. These are the first perpetual futures of shares of Russian companies on the market.