Moscow Exchange to expand commodities derivatives offering

On 11 October 2019, physically delivered silver futures will begin trading on Moscow Exchange. The new contract will complement MOEX’s commodity derivatives offering, which currently includes gold futures. 

The new instrument expands the on-exchange precious metals market and provides additional trading opportunities to both private investors and professional participants (banks and brokers) as well as precious metals market including jewelry companies and non-ferrous metal working plants.

The contract will be quoted in rubles per gram. It will expire monthly. The contract size is 100 grams. Contracts series for three expiration months will be available coincidently. The contract’s ticker symbol is SL. 

Silver will be delivered to MOEX’s spot precious metals market.

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, shares, currency pairs, precious and industrial metals, oil and other commodities, as well as interest rates. The market’s ADTV has been RUB 329.8 bn year to date.