Moscow Exchange announces changes to FX and precious metals markets risk management system


Aims to unify the FX and precious metals markets risk management system with those of other exchange markets

Moscow Exchange news room announced today that their Forex and precious metals markets risk management system will be modified from April, 28 2014. Two concentration limit levels and several levels of the market risk limit rate will be introduced, with a simultaneous decrease of its minimum value. Individual risk parameters adjustment will become available per a settlement code.

The move aims to unify the FX and precious metals markets risk management system with those of other exchange markets and enhance the financial sustainability of the exchange infrastructure.

 

Currency / precious metal

Minimum Restrictive level of Deposit rate, %

Concentration limit

1st level, S1 min

2nd level, S2 min

3rd  level, S3 min

1st level

2nd level

1

USD (US dollars)

4.5%

5%

7%

1 000 000 000

5 000 000 000

2

EUR (euro)

4.5%

5%

7%

700 000 000

3 500 000 000

3

CNY (yuan)

4.5%

5%

7%

20 000 000

100 000 000

4

GLD (gold)

6%

9%

13%

1 000 000

5 000 000

5

SLV (silver)

12%

18%

25%

30 000 000

150 000 000

 

Click here to see the official announcement.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

 

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Moscow Exchange announces changes to FX and precious metals markets risk management system

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