Moscow Exchange futures market members will be able effective January 26, 2017 to trade 1-week options on RTS Index futures. New instruments will be added for trading two weeks prior to their expiration. Weekly options on RTS Index futures will first expire on February 9, 2017.
As the exchange said in a press release, the term of weekly options will expire every Thursday. Weekly instruments will not be available for trading on the days when monthly and quarterly options expire. The range of execution for weekly options will be around 15% of the theoretical option price.
Options trading on the Moscow Exchange climbed 66% to Rub 5.7 tln in 2016. "We see potential demand on the part of market participants and their clients for the new product that will make it possible to execute interesting trading ideas within a short timeframe," noted Kirill Pestov, head of futures markets on the Moscow Exchange.
