MOSCOW, May 29 (RIA Novosti) - Russia's main foreign currency trading floor said Monday new derivative instruments would be launched later today.
Alexander Potyomkin, the president of the Moscow Inter-Bank Currency Exchange, said earlier MICEX intended to offer investors options on foreign exchange futures and was developing interest rate derivatives.
The new instruments will be based on the MosPrime (Moscow Prime Offered Rate) and Mosibor (Moscow Inter-Bank Offered Rate) rates.
