Eurasian Development Bank gains access to MOEX Derivatives Market

moex moscow exchange

Eurasian Development Bank is the first ever international financial institution to receive admission to MOEX Derivatives Market as a member firm, Moscow Exchange announced earlier today.

Since 14 July 2017 Moscow Exchange has allowed international financial institutions to trade FX and interest rate derivatives on MOEX Derivatives Market’s money section on the same on terms with banks, dealers and brokerage firms. Transparent pricing is one of the main benefits offered by the regulated derivatives market, ensuring the best available prices for transactions. NCC Clearing Bank will be a guarantor of settlement of obligations to bona fide members. There is no need for member firms to manage risks and set limits on counterparties.

Currently MOEX Derivatives Market has 114 member firms, of which 63 are banks and 51 are brokerage firms. Over six months this year trading in futures and options on the MOEX Derivatives Market reached RUB 85.6 trillion.

Igor Marich, MOEX

International companies are already allowed to trade directly on MOEX’s FX Market. The market will be boosted by additional liquidity that new participants bring, while international financial institutions will have extra tools to manage risks,” said Igor Marich, the Managing Director of the FX and Money Markets at Moscow Exchange.

Eurasian Development Bank (EDB) is an international financial organisation established to promote economic growth in its member states, extend trade and economic ties between them and to support integration across Eurasia through investment activities. EDB was established following the signing of a treaty between the Russian Federation and the Republic of Kazakhstan on 12 January 2016. Later the Republic of Armenia, the Republic of Tajikistan, the Republic of Belarus and the Kyrgyz Republic joined as full members of the Bank.

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