Moscow Exchange (MOEX) announced that from 1 June 2017, a new market making program will be launched on the Exchange’s Spot FX Market to support the USD/RUB instrument with next day settlement.
This is the first ever market making initiative on USDRUB_TOM, the most popular instrument of the spot FX market. It aims to further develop liquidity and improve the order book quality.
Current market participants and their clients are eligible to participate in the program.
In January-April 2017, the average daily trading volume of MOEX FX market was RUB 318,3 bln (USD 5.5 bln) for spot transactions and RUB 1.1 trln (USD 19.6 bln) for swaps.