Moscow Exchange launches futures on leading German stocks
On 3 October, Moscow Exchange initiated trading of five futures contracts on top five German issuers BMW AG, Daimler AG, Deutsche Bank AG, Siemens AG, and Volkswagen AG.
Finam is acting as market maker. The first deal in the new instruments was made by Alor+ with Solid.
Said Moscow Exchange's Derivatives Market Managing Director Roman Sulzhik, "One of Moscow Exchange's objectives was to expand the range of instruments available to all types of investors, increasing opportunities. We are pleased that our partnership with Deutsche Bourse allows us to offer interesting new tools to Russian bidders, and the fact that they do not correlate with Russian stocks makes them particularly interesting to private investors seeking to diversify their portfolios".
The futures were launched in accordance with the agreement on establishing futures settlement which was signed on 19 June in Moscow by Moscow Exchange CEO Alexander Afanasiev and Eurex CEO Andreas Preuss.
About Moscow Exchange
OJSC Moscow Exchange MICEX-RTS ("MOEX") operates Russia's largest public trading markets for equity, bond, derivative, foreign exchange and money market products, as well as Russia's Central Securities Depository (CSD) and the country's largest clearing service provider, National Clearing Centre. At the end of 2012, it ranked among the world's top-20 exchanges for equity trading by market capitalization and among the top-10 for bond trading by trading volume and for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 703 issuers listed on its securities exchange, including many of Russia's largest companies.
Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups. The merger brought together MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia, and the RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Following the merger the company became an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange completed an initial public offering of its shares on 15 February 2013.
About Eurex Exchange
Eurex Exchange is one of the world"s leading derivatives exchanges, serving a growing global distribution network. It offers more than 1,700 products covering all major as well as alternative asset classes. Our marketplace — based on innovative IT infrastructure — is gateway to the most heavily traded euro-denominated equity index and fixed-income derivatives.
As part of Eurex Group, we provide access to a global liquidity network with daily trading volumes exceeding 10 million contracts together with the International Securities Exchange (ISE) and the European Energy Exchange (EEX). Eurex Exchange uses Eurex Clearing, one of the leading central counterparties globally.
Find out more at www.eurexchange.com
Eurex Group is comprised of Eurex Exchange, the International Securities Exchange (ISE), the European Energy Exchange (EEX), Eurex Clearing and Eurex Repo.
Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).
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