CME to Replace its Russian Ruble Reference Rate with New One from MOEX

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CME to Replace its Russian Ruble Reference Rate with New One from MOEX

Postby kreslik.news » Tue Jul 05, 2016 3:56 pm


The Chicago Mercantile Exchange (CME) plans to amend its rule 26002 related to the Russian Ruble (RUB)/US Dollar (USD) futures contract, as the underlying benchmark reference rate will be swapped for a new source for price fixing starting July 17th.

The exchange said that it intends to replace the CME/EMTA Russian Ruble Reference Rate which it uses for the final settlement of related contracts with the USD/RUB FX Fixing rate calculated by Moscow Exchange (MOEX).
…CME Group is happy to be using the MOEX USD/RUB FX Fixing for the Russian Rouble Futures and OTC products.

RUB contracts get a new fix

The CME/EMTA RUB reference ... (read more)

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