Moscow Exchange Announces 50% Fee Reduction For Certain Options

Moscow Exchange is to reduce the trading fee by 50% with respect to options on futures on shares of the following Russian issuers for the period 3rd July to 31st December 2015 as part of its marketing campaign:

·       Gazprom

·       Rosneft

·       Sberbank (ords)

·       Lukoil

·       Surgutneftegas (ords)

·       Norilsk Nickel

·       Transneft

·       VTB Bank

"We pay special attention to the long-term development of the options market. In May, we abolished fees for ineffective trades in options, and now reduce costs of trades in a number of instruments. We expect that such measures will support the market and open up new vistas", said Kirill Pestov, Derivatives Market Managing Director.

Currently, the Moscow Exchange offers option contracts on indices, domestic shares, currency pairs and commodities.