The Moscow Interbank Currency Exchange will launch its first single stock futures, on Gazprom and Sberbank, on Monday next week (April 27), responding to a boom in trading of equivalent products at RTS, the other Moscow exchange.
Nearly 4.7m Gazprom contracts and 8.5m Sberbank futures were traded in March at Forts, the derivatives arm of RTS.
Until now Micex’s only equity contract has been its futures on the Micex stockmarket index. Otherwise it lists three currency futures, three feed wheat...