Single stock futures of some well-known German underlyings will be made available for trading on the derivatives market of Moscow Exchange as of September 2013.
The agreement to list five futures contracts – Deutsche Bank, Siemens, BMW, Volkswagen and Daimler – was signed in Moscow by Alexander Afanasiev, chief executive officer of Moscow Exchange, and Andreas Preuss, deputy CEO of Deutsche Börse and CEO of Eurex.
“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 brining 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,” says Afanasiev.
“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,” says Preuss.