MOEX among the world"s top three derivatives exchanges by Brent Oil futures trading

In 2018, the Brent Crude Oil Futures contract has experienced strong growth on Moscow Exchange with trading volumes in the first seven months of 2018 increasing by 50% YoY to RUB 10.5 trln. This helped Moscow Exchange find itself among the world’s top three derivatives exchanges by contract volume according to the Futures Industry Association.

In Q2 2018, turnover of the Brent Crude Oil Futures was 107 mln contracts, up 10% YoY (97 mln contracts).

Open interest in the contract reached a record high of RUB 55.4 bln (USD 875.5 mln) at the end of H1 2018.

Brent oil prices have risen by 48% so far in the last twelve months and hit four-year high of USD70/barrel (August 2017: USD51/barrel). On MOEX, the contract is in demand from institutional and private investors.

Brent Crude Oil is the most widely known benchmark oil grade named after the exploration side in the Brent oilfield in the North Sea. Nowadays, it is in fact a mixture of North Sea Brent, Forties, Norwegian Oseberg and Ekofisk crudes produced in 4 fields between the coasts of Norway and Scotland. Brent oil prices affect prices of oil grades in Europe and Asia. 

MOEX Brent Crude Oil Futures is a cash-settled contract quoted in USD per barrel. The contract lot is ten barrels. The short code is BR-MM.YY. 16 contract series are available on the market. For further information, please visit Moscow Exchange’s website.  

Futures Industry Association (FIA) is a leading international organisation for the derivatives industry. It has offices in Brussels, London, Singapore and Washington, District of Columbia. The association comprises clearing firms, exchange, clearing houses, trading firms and derivatives experts from over 48 countries, as well as technology providers, legal firms and other specialists providing services for the industry.