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FX Market innovations in December 2018

From 3 December 2018, new currency pairs will be launched on the FX Market.

US Dollar currency pairs

Parameters of the new instruments: lot/tick size, trading hours for TOD and TOD/TOM. The close of trading for TOM is 23:50 MSK.

  TOD, TOM, SPT TOD/TOM, TOM/SPT Trading hours TOD Trading hours TOD/TOM Cut-off time
USD/CHF USD 1,000  CHF 0.00001 USD 100,000  CHF 0.000001 10:45 11:00 13:00
USD/CNY USD 1,000  CNY 0.01 USD 100,000  CNY 0.0001 10:45 11:00 13:00
USD/KZT USD 1,000  KZT 0.01 USD 100,000  KZT 0.0001 10:45 11:00 13:00
USD/TRY USD 1,000  TRY 0.01 USD 100,000  TRY 0.0001 10:45 11:00 14:00

Beginning of Japanese yen trading

Parameters of the new instrument: lot/tick size and trading hours for TOD

  TOD Trading hours TOD Cut-off time
JPY/RUB JPY 100,000 RUB 0.0001 for JPY 100 18:00 T+1**
** Actual settlement of NCC’s obligations in JPY to trading members takes place on the next day after the TOD trade date due to the time difference between Moscow and Tokyo.  

New currency pairs and FX instruments

New FX instruments and currency pairs have been launched on the MOEX FX Market from 17th  September 2018.  

US Dollar currency pairs

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM, SPT and TOM/SPT trading are run until 23:50 MSK:

  TOD, TOM, SPT TOD/TOM,
TOM/SPT
Trading hours 
TOD
Trading hours
TOD/TOM
Cut-off time
GBP/USD GBP 1,000
USD 0.00001
GBP 100,000
USD 0.000001
15:00 15:15 17:00
EUR/USD* EUR 1,000
USD 0.00001
EUR 100,000
USD 0.000001
15:00 15:15 17:00 (CEST)
18:00 (CET)

* New instruments EUR/USD – SPT and the TOM/SPT swap.

KZT/RUB instruments

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM, SPT, TOM/SPT and swap contracts trading are run until 23:50 MSK:

  TOD, TOM, 
SPT, LTV
TOD/TOM, TOM/SPT,
TOM/1W, TOM/2W,
TOM/1M, TOM/2M,
TOM/3M, TOM/6M
Trading hours
TOD
Trading hours
TOD/TOM
Cut-off time
KZT/RUB KZT 10,000
RUB 0.0025 for KZT 100
KZT 1,000,000
RUB 0.0001 for KZT 100
10:45 11:00 13:00
 

TRY/RUB instruments

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM trading is run until 23:50 MSK:

  TOD, TOM TOD/TOM Trading hours TOD Trading hours TOD/TOM Cut-off time
TRY/RUB TRY 1,000
RUB 0.0001
TRY 100,000
RUB 0.000001
10:45 11:00 14:00

New clearing fees 2018

New clearing fees 2018

New NCC clearing fees (total rate change – 10% from current) for swap deals, deliverable futures and swap contracts for Unified Pool Settlement Accounts.

Fee schedule Monthly flat
rate
, ₽
Trades Clearing ITS Rate
SWP_0 - 0.0002125 0.0002625 0.000075 0.000550
SWP_300 300 000 0.0001275 0.0001575 0.000045 0.000330
SWP_600 600 000 0.0000850 0.0001050 0.000030 0.000220
SWP_1000 1 000 000 0.0000680 0.0000840 0.000024 0.000176
SWP_1500 1 500 000 0.0000595 0.0000735 0.000021 0.000154
SWP_3500 3 500 000 0.0000425 0.0000525 0.000015 0.000110

 

For non-Unified Pool Settlement Accounts fees doesn't change.

Fee schedule Monthly flat
rate
, ₽
Trades Clearing ITS Rate
SWP_0 - 0.0002125 0.0002125 0.000075 0.00050
SWP_300 300 000 0.0001275 0.0001275 0.000045 0.00030
SWP_600 600 000 0.0000850 0.0000850 0.000030 0.00020
SWP_1000 1 000 000 0.0000680 0.0000680 0.000024 0.00016
SWP_1500 1 500 000 0.0000595 0.0000595 0.000021 0.00014
SWP_3500 3 500 000 0.0000425 0.0000425 0.000015 0.00010

NCC Fees

MOEX and NCC fees

New instrument: Turkish Lira/Russian Rouble currency pair

Launch date: 29 January 2018.

Instrument: TRYRUB_TOD (same day settlement trades)

  • Lot size: 1,000 for the main board (CETS), 1 for negotiated trade board (CNGD)
  • Tick size (both boards): 0,0001
  • Price accuracy (both boards): to four decimal places

Trading hours: 10:00-10:45 MSK for the main board; 10:00-11:00 MSK (different settlement codes) and 10:00-23:50 MSK (one settlement code) for negotiated trade board.

Time schedule for clearing and settlement of trades: see Supplement 6 to the Common part of the Clearing Rules, Part I

To trade TRY, full cash pre-funding is required.

Banking instructions on CCP NCC’s account for collateral deposits and settlement of trades will be published later on the CCP NCC’s website.

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