Under the MICEX program to develop the exchange market of the euro, the MICEX has launched trades in futures on the exchange rate of the euro to the US dollar in its Derivatives Market (Standard Contracts) Section. According to the MICEX CEO Alexander Potemkin, banks –participants in trades on the MICEX – are expected to buy contracts on the exchange rate of the euro for clients interested in hedging their currency risks, which arise when trading with countries comprising the euro zone.
By analogy with ruble/US dollar futures, the MICEX puts into circulation euro/US dollar futures with days of execution falling on the next six months as well as two subsequent months – at the end of quarters (March, June, September, December).
Click here for further details.
.jpg)
