Translation. Region: Russian Federal
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
From August 29, 2025, changes will be made to the specifications of one-day futures contracts with automatic rollover on indices, precious metals and shares of Russian issuers in terms of the contract execution mechanism.
By analogy with perpetual currency futures, a one-time payment of 3% of the nominal value of the contract is introduced, which is paid by the client who submitted the execution order in favor of the client whose positions were executed without submitting the order.
The changes are intended to unify the contract execution mechanism introduced in April 2025 for perpetual currency futures with other perpetual contracts and to increase the predictability of working with instruments for all categories of clients.
In connection with testing the new contract execution mechanism, the nearest date for submitting orders for execution of IMOEXF, GLDRUBF, SBERF, GAZPF futures is postponed from September 4 to December 4, 2025. Thus, in September, the submission of orders for execution under these contracts is not provided. The date for submitting orders for execution of USDRUBF, CNYRUBF, EURRUBF contracts remains unchanged – September 4, 2025.
The execution of orders is carried out in the manner prescribed by the clearing rules of the NCO NCC (JSC) and the specifications of contracts:
execution of orders takes place in the evening clearing of the day of submission of the order; when executing orders, a clearing commission of 0.1% is charged, as well as a one-time payment of 3% of the nominal value of the contract, which is paid by the party that submitted the order for execution in favor of the party whose positions were executed without the submission of the ordery1sh. The formula for calculating the payment is reflected in the specification; 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 are carried out at the settlement price of the perpetual contract during evening clearing); first, the counter orders are executed; the remaining orders that are not executed as a result of the execution of the 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).
Detailed information on the dates of submission and execution of orders, as well as the execution mechanism, is provided on the pages HTTPS: //VVV. MEEX.K.M.K., HTTPS: //VVV. MEEX.K.M.M., HTTPS: //VVV. MOEX.MO/A8803 And HTTPS: //VVV. MEEX.MO/A8805.
New editions of the perpetual contract specifications have been posted on the Moscow Exchange website HTTPS: //VVV. MOEX.K.M.K..
y1sh Clearing fees are charged to all clients whose positions were executed on the order. A one-time fee is not charged in the case of execution of two counter orders and is charged if the execution of the order resulted in execution of contracts of the party that did not submit the order. Contact information for the media 7 (495) 363-3232Pr@moex.kom
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.