Magnit ords futures and MOEX ords futures to begin trading
Deliverable futures on Magnit ords and Moscow Exchange ords will be launched on Moscow Exchange's Derivatives Market on 1 September. The contract tickers will be MGNT (MN) and MOEX (ME).
Alor+, IT Invest, and BCS will act as market makers for the contracts.
"These issuers' shares demonstrate healthy trends and liquidity, and are of significant interest to Russian and foreign investors", said Moscow Exchange Derivatives Market Managing Director Roman Sulzhyk. "Derivatives on the shares of Russia"s largest retailer and leading financial infrastructure provider will allow investors to diversify their investment portfolios".
Fifty eight futures contracts, including 18 deliverable futures on Russian shares, are currently traded on Moscow Exchange"s Derivatives Market. Deliverable equity futures have been settled on the exchange's Equity Market since June.
For further information, please contact the Public Relations Department at (495) 363-3232.