EBS and Moscow Exchange unveil plans for dollar-ruble fix

Approaching noon

EBS has announced a collaborative effort with the Moscow Exchange to compile and publish a daily dollar/ruble reference rate.

Icap-owned EBS has offered the ability to execute business against an existing ruble fix – created by CME Group and the Emerging Markets Traders Association (Emta) – on its platform since 2011. However, concerns voiced by market participants, including financial markets association ACI Russia, over the methodology used by the existing fix have prompted EBS to consider

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