The Moscow Exchange plans to start trading in perpetual gold futures this month, Maria Patrikeyeva, head of the exchange's derivatives market, told Interfax.
"We launched settled quarterly gold futures yesterday, and in the near future, in July, we will launch new perpetual gold futures," Patrikeyeva said at the press lunch "Options Market on the Moscow Exchange: New Opportunities."
The Moscow Exchange began trading in settled futures contracts for gold in Russian rubles on June 28.
The underlying asset is the GLDRUB_TOM instrument from the exchange's precious metals market. A lot is 1 gram, the tick size is 0.1 rubles and tick value is also 0.1 rubles. The strike price is the RUGOLD index price, calculated by the Moscow Exchange on the basis of transactions with the underlying asset in the precious metals market, on the day the contract is settled.
Contracts with settlement in September and December 2023, as well as in March and June 2024 are admitted to trading.
The Moscow Exchange also trades settled futures for gold denominated in U.S. dollars, as well as a spot instrument for gold on the precious metals market.
