Moscow Exchange to start franc–ruble, currency futures’ trade Jul

MOSCOW, Apr 26 (PRIME) -- The Moscow Exchange will launch trading in the Swiss franc–ruble pair as well as deliverable swap futures (DSF) for the ruble–U.S. dollar, ruble–euro and ruble–yuan pairs on July 4, the trading floor said in a statement on Tuesday.

The ruble–franc pair trading will facilitate risk assessment for bonds denominated in francs and their listing for repo, and also to Swiss franc acceptance as a pledge by the Russian central bank, the Moscow Exchnage said.

A DSF lot will amount to 100 units of a currency; an auction step will amount to 0.01 rubles for the ruble–dollar and ruble–euro futures, and 0.001 rubles for ruble–yuan futures. The contracts will be fulfilled quarterly.

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