From 2 October 2017, options on GBP/USD and USD/JPY FX futures contracts have been traded on the Moscow Exchange Derivatives Market – states Moscow Exchange press release.
As we can read on MOEX website, Only one quarterly option series will be traded at any single moment. Options will expire on the third Wednesday on March, June, September and December from 21 December 2017.
The strike step for new GBPUSD options is 0.005. For USDJPY options strike will be 0.5. The range which can be achieved by cable options is ± 3.7% of the ATM strike and ± 4.5% for USDJPY options. MOEX informs that Reneissance Broker will be acting as a market maker for the new options.
Our clients have recently taken an increased interest in futures on British pound/US dollar and US dollar/ Japanese yen currency pairs, so we decided to introduce options on these contracts. The new instrument will complement MOEX’s derivatives offering and allow implementing diverse trading strategies – comments Kirill Pestov, Head of Moscow Exchange’s Derivatives Market.
The average daily trading volume of USD/JPY FX futures contract increased by 40% to RUB 885.1 mn, and GBP/USD FX futures contracts by 1.7% to RUB 589.5 mn in nine months ended 30 September 2017.
