Eurex to Offer Ruble Derivatives With Moscow Exchange
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Eurex will begin offering Russian currency derivatives with the Moscow Exchange, a day after announcing plans to enter the foreign-exchange market for the first time.
Europe’s largest derivatives exchange and the Moscow bourse signed an agreement in Frankfurt today to create contracts on two currency pairs in the fourth quarter, Alexander Afanasiev, chief executive officer of Moscow Exchange and Andreas Preuss, CEO of Eurex, said in a telephone interview today. They plan to offer euro-ruble and dollar-ruble futures based on the Moscow Exchange’s settlement prices.