By Andrei Skvarsky.
RTS on Friday launched trade in Micex index futures and options as the first instruments to have been developed jointly by Russia’s two key stock exchanges after the start of their merger process.
The new instruments are denominated in rubles.
“Indices derivatives denominated in local currencies are marked by high volatility levels in many emerging markets,” an RTS statement quoted Evgeny Serdyukov, the bourse’s head of derivatives, as saying. “The Micex index acts as the main benchmark for Russian mutual and non-state pension funds.”
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