Moscow Exchange to launch trade in US dollar–yuan derivatives Tue

MOSCOW, Jan 30 (PRIME) -- The Moscow Exchange will launch trade in the futures and options for the U.S. dollar–Chinese yuan pair on Tuesday, the trading floor said in a statement on Monday.

A lot of new contract will amount to U.S. $1,000, the minimum price increment to 0.001 point, the price increment to 1 Chinese yuan.

The participants will be able to buy the futures for March, June, September and December 2023.

The contracts will be secured by a guarantee estimated at 8%, or about 6,000 rubles.

The fixing is calculated on the basis of transactions and orders for transactions in the currency pair on the Moscow Exchange on the date of contract fulfillment.

(69.3372 rubles – U.S. $1)

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