Moscow Exchange rolls out deliverable ruble futures
USD/RUB, EUR/RUB and CNY/RUB will now be available
Moscow Exchange (Moex) is expanding its array of foreign exchange products to include deliverable futures contracts for the ruble against the US dollar, the euro and the yuan, in a move it expects to improve market liquidity, reduce costs and mitigate risk for market participants.
The USD/RUB, EUR/RUB and CNY/RUB pairs, launching on July 4, will be settled quarterly, with swaps on the underlying assets.
"In recent years, Moscow Exchange's FX market has transformed from a segment of the domestic
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