Moscow Exchange has facilitated connectivity options for professional market participants and their clients from Asia and the Middle East by deploying new Points of Presence (PoPs) in collaboration with Avelacom, in data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai. The firms say market participants have high speed access to Moex’s markets and data […]
Moscow Exchange (Moex) is now offering instruments to trade at the Moex FX USD/RUB and EUR/RUB fixing prices with clearing and settlement via its clearinghouse, NCC Clearing Bank.
The new offering aims to provide Russian and international banks with a hedge against the currency risk of OTC trading in rouble NDF with the net return calculated at maturity as the difference between the forward rate and the Moex fixing rate.
The fixing instruments, USDRUB_FIX0 and EURRUB_FIX0, are traded from 10:00-12:15 MSK on days when the Moex USD/RUB FX Fixing and Moex EUR/RUB FX Fixing (?+0) are computed.
Thomson Reuters has reported a month-on-month decline in overall FX volumes but a rise on spot activity – albeit at a lower pace than other FX trading venue providers.
The firm says that spot FX activity was $101 billion per day, a 6.3% increase month-on-month and a 12.2% increase from November 2015.
By contrast, Thomson Reuters’ OTC rivals all witnessed significant month-on-month and year-on year growth with EBS BrokerTec rising 37% and 52% respectively; Hotspot 20.1% and 35.7%; FXSpotStream 30.4% and 69.1%; FastMatch 25.7% and 100%; and GTX 19% and 62% respectively.
CME Group and Moscow Exchange (Moex) have both reported lower FX volumes in July – largely reflecting the first batch of data from the OTC platforms earlier this week. CME says average daily volume (ADV) in its FX contracts was 724,000, the second lowest level of activity this year after May saw ADV of 716,000. […]
Moscow Exchange has announced a number of new appointments at its executive board and exchange council. Anna Kuznetsova, managing director of Moex’s equity and bond market and Igor Marich, managing director of Moex’s FX and money markets were made members of the executive board for two years, Moex says in a statement Friday. The appointment […]