BNP Paribas launches Russian stock dividend futures in London

BNP Paribas launches Russian stock dividend futures in London

Investors get listed access to Russian dividends

BNP Paribas has become the first to issue Russian single-stock dividend futures on EDX London. The bank launched dividend futures for GazProm, Surgutneftegaz, Norlisk Nickel, Lukoil, VTB and Rosneft on January 17.

"We will give investors access to the Russian single-stock dividend market through this new product, the dividend swap future," says Emmanuel Dray, global head of flow trading at BNP Paribas in London. "The Russian market is quite liquid and trading with Russian counterparts will be f