Under the terms of the deal, Eurex Exchange will introduce Euro/Russian Rouble and US Dollar/Russian Rouble FX futures on its trading system during the fourth quarter of 2013.
Commenting on the partnership, Moscow Exchange CEO Alexander Afanasiev said that both firms were working together closely to provide their market participants with new instruments.
"Cross-listing arrangements between Deutsche Börse Group and Moscow Exchange allow our clients to build new trading strategies and better manage their risks," Afanasiev added.
"We believe that our joint initiatives with Deutsche Börse will strengthen national markets and facilitate the continued development of Frankfurt and Moscow as financial centers."
In a move to further strengthen their partnership, both groups have also agreed to collectively promote the launch of these two FX futures. It is expected that Eurex will introduce FX futures and options for six currency pairs on 7 October 2013.
Based on the contract, Eurex’s product suite will be complemented with cash-settled futures for both Euro/Russian Rouble and US Dollar/Russian Rouble currency pairs during the fourth quarter of current fiscal.
Eurex’s Rouble futures will be settled leveraging settlement prices provided by Moscow Exchange, after expiry and this process is believed to boost the reliability of the futures contracts, while boosting investors’ confidence.
