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Moscow Exchange to expand yuan derivatives range

A lot for a new contract will stand at $1,000

MOSCOW, January 30. /TASS/. The Moscow Exchange will initiate trading in cash-settled futures for the currency pair of the US Dollar - the Chinese Yuan and options to them, the Exchange said on its website on Monday.

"Futures and options for the dollar/yuan currency pair will complement the range of instruments for the Chinese yuan on the Moscow Exchange and broaden trading opportunities for institutional and retail investors, while additional methods to hedge currency risks will appear with participants in the foreign economic activity," the Exchange informed.

A lot for a new contract will stand at $1,000. A minimal incremental step is 0.001 point and the price increment amounts to 1 yuan. Futures to be settled in March, June, September and December 2023 will be available for traders and their clients. The provisional security amount will be 8% or about 6,000 rubles ($85.8).