Micex, the largest Russian exchange, which reported first half trading up 58% last week, plans to introduce a risk management system for futures and a central counterparty across all assets in a bid to attract more foreign investment, reports
Financial News.
The Moscow-based exchange is set to roll out a new risk management system for derivatives trading in October and to further boost its risk process by implementing a new clearing system across all asset classes in the next two years.
Micex Group, which trades foreign exchange, bonds, cash equities and derivatives, introduced central clearing for FX trading through its subsidiary the National Clearing Centre at the end of last year but a spokesman for the exchange said the plan is to implement a new system for all its markets.
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