The Moscow Stock Exchange will begin trading new derivatives of the Chinese yuan. Starting January 31, the site will launch trading in US dollar-Chinese yuan pair futures contracts, as well as options on them.

Moscow Stock Exchange to Launch New Chinese Yuan Derivatives

The press service of the site spoke about the expansion of the product line on the Moscow Stock Exchange.

Starting January 31, the exchange will launch trading of US dollar-Chinese yuan pair futures and options on them. The contract lot will be $1,000, the cost of one price step is 1 yuan. The futures expiration dates are March, June, September and December 2023.

The press service of the Moscow Stock Exchange said that the new tools will become additional ways for users of the site to hedge currency risks.

In mid-January, the Moscow Stock Exchange launched trading of the first exchange-traded fund on the Chinese yuan market. Units of the fund are available for purchase in Russian rubles.

By the end of 2022, the number of brokerage accounts opened on the Moscow Stock Exchange reached 38.3 million, and the share of private investors in the trading volume of shares was almost 60%.


Kirill Bilyk

Source: RB

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