Moscow Exchange to reduce margin rates for Forex derivatives

Moscow Exchange announced today effective June 8th, 2015 that they will decrease new minimum initial margin requirements on its FX, equity, bond and derivatives markets.

FX market initial margin rates will be reduced from 11% to 9%.

Equity & bond market rates will be reduced from 18% to 15% for the most liquid shares; and for OFZs requirements will be reduced between one and five percentage points.

Minimum initial margin requirements will be set at 9% for USD/RUB futures, 10% for RTS Index futures and 10% for MICEX Index futures.

Moscow Exchange is gradually reducing margin rates as the Russian financial market continues to stabilize. MOEX last reduced margin requirements on April 1st, 2015.

To view the official announcement, click here.

Read Also: