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Ruble gets flexi-mechanism in FX derivatives market

Russian Exchange reduces initial margin rates for the FX derivatives

Minimum initial margin requirements were increased in December 2014 in response to substantial volatility in the ruble exchange rate and on the Russian securities market.

Minimum initial margin requirements will be set at 9% for USD/RUB futures, 10% for RTS Index futures and 10% for MICEX Index futures.

Moscow Exchange is gradually reducing margin rates as the Russian financial market continues to stabilize. MOEX last reduced margin requirements on April 1st, 2015.

Moscow Exchange announced today effective June 8th, 2015 that they will decrease new minimum initial margin requirements on its FX, equity, bond and derivatives markets.

Initial margin requirements for FX market are reduced from 11% to 9%.


New functionality for Russian derivatives market:

In addition to this, Moscow Exchange launched COD functionality ('Cancel On Disconnect') on the Derivatives Market.

The functionality now offers automatic order cancellation option on the Derivatives Market's trading system (SPECTRA) for anonymous Good-"til-Canceled (GTC) orders when one of the following conditions is met:

  • The transactional inactivity limit is reached
  • A trading participant has disconnected from the trading system
  • A trading participant has lost connection to the trading system for any reason including network or hardware outage (or any outage resulted in trading halt)
  • Other conditions as specified in the Exchange"s or Technical Center internal documents.

  • Market Data
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