The European exchange Eurex is preparing to launch index and single-stock derivatives based on Russian underlyings.The derivatives will be launched on April 23. They will include a future on the Russian Depository extended index (RDX), calculated by the Vienna stock exchange from the prices of the 15 largest Russian shares traded via depository receipt on the London Stock Exchange (LSE). The future will be cash-settled at $25 per point, with a maximum maturity of nine months.
Eurex will also list single-stock futures on all 15 RDX constituents, as well as options on Gazprom, Lukoil, Norilsk Nickel and Surgutneftegaz. The options will have maturities of up to 12 months and will also be based on LSE depository receipts. Eurex and the Vienna exchange say the products are intended to appeal especially to US investors.
More on Exchanges
Chicago-based exchange targets China, India and LatAm growth
Stock exchange group has “excess cash”, says group CEO
Increased volatility will spur demand for risk management tools in Asia
Onshore derivative market is the focus for Osaka Securities Exchange
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.