Moscow Exchange Launches U.S. Stock Futures
Moscow Exchange will launch 20 perpetual futures contracts on major U.S. company stocks in two phases, starting September 8 and 15, using its own calculated fixings of foreign securities prices in U.S. dollars.
Consensus
- Moscow Exchange will launch 20 perpetual single-day futures contracts on major U.S. companies.
- Trading will begin in two phases, on September 8 and September 15.
- The underlying assets are fixings of foreign securities calculated by Moscow Exchange.
- The fixings are based on prices of foreign securities traded on international exchanges.
- The fixings are calculated as the arithmetic mean of transaction prices every 15 seconds during trading sessions.
- The calculation of fixings began on July 27.
- The futures contracts reflect the value of these fixings in U.S. dollars.
- The contracts allow Russian investors to participate in U.S. company dynamics without buying underlying assets or operating in foreign jurisdictions.
- The contracts have auto-renewal (perpetual) features.
Points of divergence
- The first phase includes Apple, Amazon, AMD, Tesla, Netflix, Nabius, Robinhood, Sandisk, Lumentom, and Coherent Corp. — kommersant
- Moscow Exchange also announced trading in perpetual futures on itcoin and Ethereum indices in August. — kommersant
- The first phase includes AMD, TSLA, APP, SNDK (Sandisk), COHR (Coherent Corp), NBIS (Nebius), HOOD (Robinhood), AMZN (Amazon), NFLX (Netflix), LITE (Lumentum). — vedomosti
- The second phase includes COIN (Coinbase), CVNA (Carvana), CRWD (CrowdStrike), DASH (DoorDash), PANW (Palo Alto Networks), SMCI (Super Micro Computer), UBER, BSX (Boston Scientific Corp), CMG (Chipotle Mexican Grill), LULU (Lululemon). — vedomosti
- The parameters for funding calculation (K1 and K2) are 0% and 0.35%, respectively. — vedomosti
Coverage (2 sources)
- Moscow Exchange will start trading perpetual futures on US company assets in two stages — Коммерсантъ
- Moscow Exchange will launch 20 perpetual futures on global assets — Ведомости