Moscow Exchange not to trade in WTI futures at below –$0.5

MOSCOW, Apr 30 (PRIME) -- The Moscow Exchange has offered some measures to optimize risks at negative price trading in the WTI oil futures, including stop of trading at the expiration date with a price of below minus U.S. $0.5, the bourse said in a statement on Thursday.

“Before the launch of trading in futures contracts having negative prices, the Moscow Exchange together with market participants has offered several measures to minimize risks of the participants and their clients,” the bourse said.

“The derivatives market committee has recommended holding no trading in the Light Sweet Crude Oil Futures from 10:00 a.m. through 2:00 p.m. Moscow time in case the settle price of the contract on the New York Mercantile Exchange is below minus $0.5,” the bourse said.

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