The Moscow Interbank Currency Exchange has introduced deliverable futures on Lukoil and Norilsk Nickel shares, the Russian exchange said on October 1.
Micex’s new futures are executed by physical delivery on depot accounts with the National Depository Centre.
In an escalating battle between the dominant Russian derivatives exchanges, Micex has set trading fees for the new contracts at just Rb0.04. Micex’s chief rival, Futures and Options on Russian Trading System, which also lists a range of single stock futures, offers Lukoil futures...