Published: 2018-11-01 14:01:09
On Monday, the Moscow Exchange (MOEX), Russia’s largest stock exchange, announced that it would be facilitating trading in several new currency pairs on December 3rd of this year.
According to a statement released on the exchange’s website, traders will soon be able to access JPY/RUB_TOM trading. MOEX did not reveal the instruments specifications for the currency pair but said that it would do so in the near future.
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Alongside this, December 3rd will see the launch of a range of new USD currency pairs. Though the exchange had already released details of those currency pairs, it has now confirmed that they well be launched at the beginning of next month.
For those of you who are unaware of those new currency pairs, they are USD/CHF, USD/KZT (Kazakh Tenge), USD/TRY and USD/CNY.
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New currency pairs to updated MOEX trading systems
FX traders using MOEX’s services will also be happy to know that new fields are going to be added to the TRADES table of IFCBroker31R – the ASTS Bridge clearing system interface.
Traders will be able to see broker references, trade dates and times as well as microsecond options on the updated clearing interface. The data sources will be the same as those used on MOEX’s FX trading system.
Finally, there will be a new OTCT board for over-the-counter (OTC) trading with liquidity providers. Those OTC trades will have to use the National Clearing Center, a Russian central counterparty, acting as central counterparty.
For the moment, only spot trading in EUR/USD and GBP/USD will be supported by the new OTCT board.
MOEX traders can also expect an update to MICEX Trade Currency – the exchange’s trading terminal for the FX market – on December 3rd. What those updates will be is unclear from the statement released by MOEX but they are unlikely to be dramatic ones.
The views and opinions expressed in the article MOEX to Launch Four New USD Currency Pairs in December do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.