Micex expands forex coverage

The exchange has launched one-year futures contracts for Russian rouble/US dollar, adding to its existing six-months contracts and introducing quarterly settlement for the first time. Micex has also launched new instruments with next-day settlement for the Russian rouble against the Kazakhstan tenge, Belarus rouble and Ukraine hryvnia.

"Widening scope"

Alexey Osenmuk, deputy general director at Micex in Moscow, said the exchange would also launch options on dollar/rouble futures in the "immed