RTS Committee OKs Index Futures Specs

The Derivatives Market Committee of the RTS Stock Exchange has accepted specifications for cash-settled futures contracts and futures-style options on a futures contract on the Micex Index.

The Derivatives Market Committee of the RTS Stock Exchange has accepted specifications for cash-settled futures contracts and futures-style options on a futures contract on the Micex Index. As per the approval, the futures contract volume equals the value of the index multiplied by 100 rubles.

The contract’s volume amounts to one futures on the Micex. The document needs to be approved by the board of directors of RTS, after which it will be sent to the Federal Financial Markets Service for registration.

Click here for the release from RTS Stock Exchange.