Russian equity derivatives trading grew strongly in September but analysts told Futures and Options Intelligence that the recent market turmoil has curbed investors’ appetite to trade on Russian derivatives exchanges.
On Forts, the derivatives section of Moscow’s RTS exchange, traded futures increased by only 1% in September, relative to August, while options fell.
However, the European Derivatives Exchange, which trades derivatives on Russian depositary receipts, hosted 2.1m trades in September, easily surpassing the 1.2m in August. Volumes were still short of June’s 2.4m.
A spokesperson for the London Stock Exchange, which owns EDX, attributed the growth in volumes partly to August being generally “a quieter month than September”, but also to the “continued growth” of Russian derivatives in its international order book (IOB).
However, she added: “Another factor is the volatility...