Open interest in RUB/USD FX options exceeded RUB20 billion

On January 24, 2013 open interest in RUB/USD FX options hit a record high. By the end of the main trading session market participants opened positions for a total value of RUB20 billion or 662 thousand contracts. The open interest skyrocketed 70 per cent over the last month.

"We can see a sustainable growth in RUB/USD FX options open interest for last six months. The growth has been driven by both the market demand for hedging instruments and our continuous efforts to boost liquidity on the FX options market. Currently, the front month options are the most actively traded contracts; meantime, the Exchange is planning to stimulate trading in more distant contracts. Overall, developing the market for options on any underlying assets is one of our priorities for 2013-2014", said Roman Sulzhik, Managing Director of the Derivatives market at the Moscow Exchange.

For further information, please contact the Public Relations Department at (495) 363-3232.