On 3 October, Moscow Exchange initiated trading of five futures contracts on top five German issuers BMW AG, Daimler AG, Deutsche Bank AG, Siemens AG, and Volkswagen AG.
Finam is acting as market maker. The first deal in the new instruments was made by Alor+ with Solid.
Said Moscow Exchange's Derivatives Market Managing Director Roman Sulzhik, "One of Moscow Exchange's objectives was to expand the range of instruments available to all types of investors, increasing opportunities. We are pleased that our partnership with Deutsche Bourse allows us to offer interesting new tools to Russian bidders, and the fact that they do not correlate with Russian stocks makes them particularly interesting to private investors seeking to diversify their portfolios".
The futures were launched in accordance with the agreement on establishing futures settlement which was signed on 19 June in Moscow by Moscow Exchange CEO Alexander Afanasiev and Eurex CEO Andreas Preuss.