Moscow Exchange stated today that it will increase the price tick for USD/RUB, EUR/RUB and GBP/RUB FX spot instruments to RUB 0.001 from the current tick size of RUB 0.0005.
Igor Marich, Managing Director of Moscow Exchange’s Money Market, said: “We are increasing the price tick for major currency pairs in response to demand from market participants. The price tick is an important market parameter that affects trading strategies and the convenience of trading on-exchange. The larger price tick will boost order book liquidity and bring Moscow Exchange’s FX Market in line with our Derivatives Markets, where the price tick is already RUB 0.001”.
On November 27th, 2014, the FX Market Committee recommended that the Exchange raise the price tick for certain FX spot instruments from RUB 0.0005 to RUB 0.001. The price tick remains unchanged for other spot instruments and swap transactions.