Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
Moscow Exchange reminds that the specifications of one-day futures contracts with automatic rollover on currency pairs, indices, stocks, and gold (USDRUBF, EURRUBF, CNYRUBF, GLDRUBF, IMOEXF, SBERF, and GAZPF) provide for the possibility of submitting execution orders for quarterly contracts on the corresponding underlying assets.
The earliest execution order submission date is December 4, 2025. Orders are submitted 10 trading days prior to the expiration of the nearest quarterly futures contracts. Orders are executed during the evening clearing of the day the order is submitted. Detailed information on the order submission and execution dates, as well as the execution mechanism, is provided on the pageshttps://www.moex.com/a8141,https://www.moex.com/a8493,https://www.moex.com/a8803Andhttps://www.moex.com/a8805.
When executing perpetual futures, a one-time fee of 3% of the contract's par value applies. This fee is paid by the party submitting the execution order to the party whose positions were executed without submitting the order. The fee calculation formula is specified in the contract specifications.
The clearing center also charges a commission of 0.1% of the par value for executing orders for overnight contracts with automatic rollover. Participants' contracts may be executed without submitting an order if there are not enough counter-orders for execution, as stipulated by the clearing rules of the NCC (JSC). In this case, no execution commission is charged.
The execution of orders is carried out in accordance with the procedure stipulated by the clearing rules of the NCO NCC (JSC) and the contract specifications:
Execution is carried out by two transactions: closing a position in a one-day contract and opening a position in the nearest quarterly futures (these transactions occur at the Contract's settlement price during evening clearing); Counter orders are executed first; The remaining orders that are not executed as a result of the execution of counter orders are executed without submitting an order;
The selection of settlement codes, the positions of which are executed without submitting orders, occurs proportionally to the volume of open positions in descending order of the volume of open positions (opposite direction).
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.