The Moscow Stock Exchange (MOEX) announced that it will start trading in futures contracts for the Turkish Lira-Russian ruble currency pair, as of March 1.
The stock exchange stated in a statement on Monday that the demand for the Turkish lira and the Hong Kong dollar is witnessing a noticeable increase in the stock exchange.
It added that for this reason, the Moscow Stock Exchange will start trading futures contracts for the Turkish lira-Russian ruble and the Hong Kong dollar-Russian ruble, as of next March 1.
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It stated that the new procedure will increase the importance of dealings in these pairs with corporate investors and legal individuals.
Last December, the Chairman of the Board of Directors of the Moscow Stock Exchange, Yuri Denisov, said that the demand for the currencies of friendly countries is increasing rapidly in the country.
He added that the demand for the Turkish lira on the Moscow Stock Exchange – the largest stock exchange in Russia – increased by 17 times in 2022 compared to last year.
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