The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
FOREIGN EXCHANGE

Warming up in Moscow

Just as I was poised to write about how many platforms are starting to struggle for liquidity, I received news of what appears to be a very successful launch of a new EUR/USD contract.

RTS in Moscow launched futures on EUR/USD and EUR/RUR on its Forts derivatives section on February 5. The contracts are miniscule, having a notional of just €1,000, but the EUR/USD future in particular has got off to a flying start. On Tuesday, 142,565 EUR/USD contracts equivalent to $1.8 billion changed hands. This makes it easily the most successful FX contract launched for some time.

A group of local market makers have been supporting the contract and it is said to have attracted good retail participation. The merits of large versus small contracts could be debated at length, but in this case, RTS seems to have come up with a winner. It will be interesting to see if it builds on this early momentum.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree