Five single stock futures from Eurex Exchange will be available to trade on Moscow Exchange, following a partnership between the two venues penned last year.
Five single stock futures contracts – traded on Deutsche Börse-owned Eurex Exchange – of underlying equities representing leading German companies will be available to trade on the derivatives section of Moscow Exchange from September.
“This is an important step in our strategic partnership with Deutsche Börse. Our relationship, which began with a letter of cooperation in 2012 is developing and already bringing tangible results to our customers,” said Alexander Afanasiev, CEO, Moscow Exchange.
The agreement includes futures contracts representing Deutsche Bank, Siemens, BMW, Volkswagen and Daimler and was signed today in Moscow by Afanasiev and Andreas Preuss, deputy CEO of Deutsche Börse and CEO of Eurex.
“We are excited to be broadening our derivatives offering, and are confident that futures on these leading German names will provide interesting new trading opportunities to investors,” Afanasiev said.
Moscow’s partnership with the German exchange operator is one of a number of Moscow Exchange initiatives to modernise the Russian trading environment to attract greater liquidity.