Micex to become CCP
The Russian bourse is hoping to boost flagging volumes, and stem the loss of market share to its rival, the Russian Trading System Stock Exchange.
The plan mandates centralised clearing and guaranteed fulfilment of obligations for all transactions, as well as enabling market participants to use both cash and securities as partial coverage.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you