One Million Options Contracts on Biggest Russia ETF in Limbo
- RSX was linked to derivatives worth $285 million when halted
- OCC to stop automatic exercise of options if ETF stays halted
This article is for subscribers only.
The suspension of trading in the world’s largest Russia ETF has left the fate of options worth hundreds of millions of dollars hanging.
Cboe Global Markets Inc. halted trading of shares and options in the VanEck Russia ETF (ticker RSX) after the market close Friday as the fallout of the Russian invasion of Ukraine made the fund’s underlying securities practically impossible to trade.