Index Derivatives
Index futures and options are represented by a variety of derivatives on RTS Index, MOEX Russia Index, Sector Indices, RGBI Index, Moscow Real Estate DomClick Index and provide a wide range of opportunities for hedging risks in stock and bond portfolios and for playing on the rise or fall of the securities market, individual sectors of the economy and the value of Moscow real estate. Index based derivatives are equally available for both investors with small funds and large market participants.
Index futures are standard cash-settled contracts that do not imply physical settlement of the underlying asset. Making transactions with index futures market participants are obliged to pay or receive variation margin – the difference between the transaction price and the futures settlement price.
| Contract name | Code | Quotation | Tick size | Tick value | Ration to standard contract | Settlement | Contract web page |
|---|---|---|---|---|---|---|---|
| Main Equity Indices | |||||||
| MOEX Russia Index Futures | MIX | 100 x MOEX Russia Index | 25 points | RUB 25 | 1:1 | Cash-settled | - |
| MOEX Russia Index Futures (mini) | MXI | MOEX Russia Index | 0,05 points | RUB 0,5 | 1:10 | - | |
| RTS Index Futures | RTS | 100 х RTS Index | 10 points | USD 0,2 | 1:1 | ||
| RTS Index Futures (mini) | RTSM | RTS Index | 0,5 points | USD 0,1 | 1:10 | - | |
| RTS Standard Index Futures | RTSS | Moex Blue Chip Index | 1 point | RUB 10 | 1:1 | - | |
| Sector Indices | |||||||
| Oil & Gas Index Futures | OGI | Oil & Gas Index (MOEXOG) | 1 point | RUB 1 | 1:1 | Cash-settled | Read more |
| Metals & Mining Index Futures | MMI | Metals & Mining Index (MOEXMM) | |||||
| Financials Index Futures | FNI | Financials Index (MOEXFN) | |||||
| Consumer & Retail Index Futures | CNI | Consumer & Retail Index (MOEXCN) | |||||
| Moscow Real Estate DomClick Index | |||||||
| Moscow Real Estate DomClick Index Futures | HOME | Moscow Real Estate DomClick Index (MREDC) | 10 points | RUB 10 | 1:1 | Cash-settled | - |
| RGBI Index Futures | RGBI | 100 х MOEX Government Bond Index | 1 point | RUB 1 | 1:1 | Cash-settled | - |
The main equity indices of the Moscow Exchange are the MOEX Russia Index (before December 2017 – the MICEX Index) and the RTS Index – capitalization-weighted composite indices calculated based on prices of the most liquid Russian stocks of the largest and dynamically developing Russian issuers with economic activities related to the main sectors of the Russian economy presented on the Exchange.
The Sector Indices are capitalization-weighted indices calculated based on prices of the most liquid shares of Russian issuers whose economic activity relates to a certain sector of the economy. The Sector Index futures that are currently available on the Moscow Exchange include Oil & Gas, Metals & Mining, Financials, Consumer & Retail Index Futures.
Moscow Real Estate DomClick Index is a composite index of the Moscow Real Estate market calculated by the Moscow Exchange based on aggregated data on mortgage transactions provided by Domclick. It reflects the average cost of 1 sq.m. of the total area of residential real estate in Moscow in rubles.
Moscow Exchange Government Bond Index is the main indicator of the Russian sovereign debt market. It consists of the most liquid Russian government bonds.
ABOUT CONTRACTS
- RTS Index Futures specification
- MOEX Russia Index Futures specification
- MOEX Russia Index (mini) Futures specification
- New opportunities for portfolio managers
- Investing strategies
- Sector Index Futures Contract specification
- Moscow Real Estate DomClick Index Futures specification
- RGBI Index Futures specification
Trades information