Moscow Exchange launches USD/CAD and USD/TRL futures
Moscow Exchange issued a press release today informing that:
From 3 March, Moscow Exchange has started trading in futures contracts on U.S. Dollar-Canadian Dollar and U.S. Dollar-Turkish Lira currency pairs.
Metallinvestbank, the official market maker, will provide quotes for the new contracts. On the contracts’ first trading day, brokers were offered the futures with settlement in June 2015. The minimum base initial margin required to trade the contracts is 4% for USD/CAD futures and 7% for USD/TRL futures.
The new instruments will allow enriching the range of FX strategies available to the most active market participants both professional brokers and private investors.
For more Specifications follow:
The currency section of the Moscow Exchange Derivatives Market is one of the most liquid and dynamically developing segments of the Russian market of derivative instruments. Currency contracts made up 55% of the total value traded in derivatives at the Exchange.
Source: Moscow Exchange – Moscow Exchange launches USD/CAD and USD/TRL futures
