Moex margins above 30% with EBS still trading
RUB margins rise again as EBS confirms trading continues
Margins on spot ruble trades have crept above 30%, from 12% at the start of the day on the Moscow Exchange, while futures contracts now require 24% collateral and some trades as much as 60% margin.
"The margin requirement set by the exchange was indeed 10% [on December 16]. However, due to big swings in prices, in reality it could reach up to 60% for certain traders," says Andrey Braginsky, managing director of communications at the Moscow Exchange.
Meanwhile EBS Market, one of the largest
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