Moscow to welcome single stock futures
21 June 2013 Moscow
Image: Shutterstock
Single stock futures of well-known German underlyings will be made available for trading on the derivatives market of Moscow Exchange in September 2013.
Moscow Exchange and Eurex Exchange, the derivatives arm of Deutsche Börse, agreed to list futures contracts of Deutsche Bank, Siemens, BMW, Volkswagen and Daimler in Moscow today, with Alexander Afanasiev, CEO of Moscow Exchange, and Andreas Preuss, deputy CEO of Deutsche Börse and CEO of Eurex, signing the deal.
In a statement, Afanasiev said: “This is an important step in our strategic partnership with Deutsche Börse. Our relationship, which began with a letter of cooperation in 2012, is developing and already bringing tangible results to our customers.”
“We are excited to be broadening our derivatives offering, and are confident that futures on these leading German names will provide interesting new trading opportunities to investors.”
Preuss added: “We are very pleased to contribute to Moscow exchange offering Russian customers easy access to single stock futures of some of the well-known brand names of the German industry, and will continue working together with our partners at Moscow Exchange to further expand our partnership.”
Moscow Exchange and Eurex Exchange, the derivatives arm of Deutsche Börse, agreed to list futures contracts of Deutsche Bank, Siemens, BMW, Volkswagen and Daimler in Moscow today, with Alexander Afanasiev, CEO of Moscow Exchange, and Andreas Preuss, deputy CEO of Deutsche Börse and CEO of Eurex, signing the deal.
In a statement, Afanasiev said: “This is an important step in our strategic partnership with Deutsche Börse. Our relationship, which began with a letter of cooperation in 2012, is developing and already bringing tangible results to our customers.”
“We are excited to be broadening our derivatives offering, and are confident that futures on these leading German names will provide interesting new trading opportunities to investors.”
Preuss added: “We are very pleased to contribute to Moscow exchange offering Russian customers easy access to single stock futures of some of the well-known brand names of the German industry, and will continue working together with our partners at Moscow Exchange to further expand our partnership.”
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