The Moscow Stock Exchange launches futures trading for the Arab dirham and the Indian rupee. Trading with currency pairs in the derivatives market will begin on April 4.
As of April 4, trading of the United Arab Emirates dirham-Russian ruble and Indian rupee-Russian ruble currency pairs will be available on the futures market of the Moscow Stock Exchange.
“We see customer requests for rapid infrastructure response due to rapidly changing conditions in global markets,” the site’s press service said.
Arab dirham futures will be traded in lots of 1,000 dirhams. Indian rupee futures will trade in lots of 10,000 rupees. The contracts will be executed in June, September, December 2023 and March 2024, the Moscow Stock Exchange specified.
With the help of dirham and rupee futures, market participants will be able to hedge currency risks, the site’s press service emphasized.
On March 28, the Moscow Stock Exchange launched trading in iShares Core Nikkei 225 UCITS ETF futures. Since January 31, the site has been trading futures for the US dollar-Chinese yuan pair.
Author:
Kirill Bilyk
Source: RB
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