CME to Replace its Russian Rouble Reference Rate with New One from MOEX
Posted: 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)