Moscow derivatives trading hits new highs despite glitches
Russia’s premier stock exchange saw record client activity across its derivatives and FX markets last month.
Active client derivative accounts on the Moscow Exchange topped 50,000 in February - a new high.
Open interest, the total number outstanding of derivative contracts that have not been settled, also reached record levels.
Gold futures open interest stood at a record RUB24bn (US$330m) on February 24, and EUR/RUB options totalled RUB17bn at the end of the month.
Client turnover in spot FX instruments reached 64.7%, a record high since the launch of trading.
The improved figures come despite several trading halts for the exchange's derivatives market last year.
In September alone the market was shut on four separate occasions, with technical glitches cited as the cause.
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