Micex-RTS pushes ruble growth with FX swaps initiative

Igor Marich at Micex
Igor Marich, Micex-RTS

The launch of long-dated foreign exchange swaps in USD/RUB by Russian exchange group Micex-RTS in late April has created a unique opportunity for participants in London to access liquidity in the Russian ruble, according to officials at the exchange.

Micex-RTS launched trading in the new contract on April 23, with standard tenors going out to six months. Volumes in the product reached $70 million on the first day and $300 million on the second day. More than 30 entities are understood to have

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