Moscow Exchange Lists New Options for OTC Trading

[RSRS]

Moscow Exchange (MOEX), the largest exchange group in Russia, announced on Thursday that it added new options for OTC trading on its FX service and precious metals markets.

According to the statement, participants can now make spot trades in G10 currencies at prices quoted by major global banks thanks to the Linking with Foreign Liquidity Providers service. Moreover, it came accompanied by the new offering of EUR/USD and GBP/USD swap transactions via the Request for Stream (RFS) functionality with settlement through the MOEX’s central counterparty (CCP).

Also, MOEX’s market participants can now clear OTC swap transactions with the CCP executed via OTC e-platforms. “The new functionality will improve liquidity management and minimize credit and settlement risks by leveraging reliable exchange and settlement infrastructure,” MOEX commented on the announcement. In addition, the Russian exchange group stated that participants now have access to spot transactions at London gold market prices and XAU/USD swaps about the precious metals markets. Such trades would be executed in an automated via the CCP, MOEX clarified.

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