The Moscow Exchange will start trading in futures on the USD/CNY currency pair on January 31. On the same date, trading in options on these contracts will begin, according to the site’s website.

The lot of the new contract will be $1000. The minimum price step is 0.001 points, the cost of a price step is ¥1. Bidders and their clients will have access to futures with maturities in March, June, September and December 2023. The approximate size of the security will be 8%, or about Rmb6,000.

“The value of the USDCNYFIXME fixing on the day of contract execution will be used as the futures strike price. The fixing “US dollar – Chinese yuan” is calculated on the basis of transactions and orders for transactions with this currency pair on the Moscow Exchange”, – follows from the message of the platform.

Moscow Exchange noted that futures and options on this currency pair will complement the line of instruments on the Chinese yuan and expand trading opportunities for institutional and retail investors. In addition, participants in foreign economic activity will have additional ways to hedge currency risks.