EDX London, the London Stock Exchange’s derivative business, and OMX, its Nordic counterpart, are to capitalize on the surge of Russian companies listing on the LSE by offering futures and options on the 10 most liquid Russian global depositary receipts (GDRs) traded on its order book. In addition, investors will be able to trade derivatives based on the index whose constituents are these stocks, the FTSE Russia IOB Index.
The service, launched in December 2006, will bring an over-the-counter market onto the exchange, improving price and efficiency. Two primary market...
