Russia: Moscow Exchange to start trading cocoa futures on September 24

Published 2024년 9월 19일

Tridge summary

The Moscow Exchange is introducing cash-settled futures contracts on cocoa, which will be tradeable from September 24, 2024. The contracts will be settled in Russian rubles and will allow investors to hedge risks and profit from price fluctuations. Initially, contracts will be executable on March, May, July, September, and December. This move aims to provide new trading opportunities for investors, following a recent drop in cocoa bean futures quotes. The introduction of these futures is part of the exchange's efforts to diversify investment options after a surge in interest in commodity instruments.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. September 19. INTERFAX.RU - Moscow Exchange will begin trading cash-settled futures contracts on cocoa on September 24, 2024. Trading and settlements will be conducted in Russian rubles, the exchange's press service reported. "Investors can use futures to expand the possibilities of investment strategies - hedging risks and profiting from price fluctuations. Futures contracts will allow market participants whose activities are related to the production and processing of cocoa to better protect their income from undesirable changes in exchange prices for cocoa beans," the report said. The underlying asset of the futures is the cost of cocoa beans on foreign markets. The contracts reflect the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, Central and South America to any of the five delivery ports in the United States. Parameters of the cash-settled cocoa futures: contract code - COCOA (short code - CC), minimum contract volume - 10 kg, ...

Source: Interfax