The Moscow Exchange (MOEX) announced the launch of deliverable futures for the common shares of Polyus and Magnitogorsk Iron and Steel Works (MMK) including options trading on stock futures.
The new offerings are an addition to MOEX’s portfolio of stock derivatives, which gives portfolio managers more options when trading the two stocks.
A single lot of the futures contract represents 10 shares of Polyus and 1,000 units of MMK stock. The launch event will include the introduction of options and futures set to expire in June 2019. The Moscow Exchange will also launch a market-making program to complement the first futures contracts at the same event.
The trading volumes of options and futures on Russian stocks grew by an annualized 30.6% in 2018 to reach 4.5 trillion rubles.
MOEX has recently completed the development phase of its electronic platform for remote opening of deposit accounts as part of the Bank of Russia’s Marketplace project.