Moscow Exchange adds new equity futures and options

On 11 March 2019, Moscow Exchange will launch deliverable futures on ordinary shares of Polyus and Magnitogorsk Iron and Steel Works (MMK), as well as options on the futures.

The new instruments expand MOEX’s equity derivatives offering and expand the range of trading options available to portfolio managers.

The futures contract lot is 10 shares for Polyus and 1,000 shares for MMK. Futures and options with an expiration date of June 2019 will be introduced at launch. A market-making program will be launched alongside the new futures contracts.

In 2018, trading volumes of futures and options on Russian shares increased by 30.6% YoY to RUB 4.5 trln.

The MOEX Derivatives Market is the largest trading venue for derivative financial instruments across Russia and Eastern Europe. It combines sophisticated infrastructure, reliability and settlement guarantees, as well as the latest technologies for futures and options trading. Currently, Moscow Exchange offers 64 futures contracts and options on the futures. The underlying assets include equity indices, Russian shares, currency pairs, precious and industrial metals, oil and other commodities, as well as interest rates. In 2018, derivatives trading volumes on MOEX grew by 5.6% to RUB 89.3 trln.