Published on: 2026-07-27
Source: Moscow Exchange –
An important disclaimer is at the bottom of this article.
On August 4, 2026, the range of derivatives tools on the Moscow Exchange will be expanded by two one-day contracts with auto-rollover to the fixings of the Moscow ExchangeSPY ETF and QQQ ETF, calculated based on the prices of exchange-traded funds that track the dynamics of the S&P 500 and Nasdaq stock indices respectively.
New settlement contracts will allow professional market participants and their clients to participate in the dynamics of the American market without the need to purchase underlying assets or conduct operations in foreign jurisdictions. Clients will gain additional tools for implementing trading strategies with global assets, as well as the flexibility of position management provided by perpetual futures. The small size of the margin requirement — about 7 thousand rubles — makes the instruments accessible to a very wide range of investors.
Maria Patrikeeva, Managing Director of the Derivatives Market at the Moscow Exchange:
“The Moscow Exchange was the first among Russian trading platforms to offer clients perpetual contracts on various assets. And today we see that this segment is in demand both among institutional investors and novice traders. For the latter, it has become a simple and understandable instrument that allows them to gain their first experience trading in the exchange derivatives market. In July 2026, more than 17% of the entire derivatives market turnover was accounted for by perpetual futures. The new contracts will significantly expand the trading strategies of clients who prefer working with global assets in the Moscow Exchange’s derivatives market.”
Today, nine perpetual futures are traded on the Moscow Exchange – on currencies, the MOEX Index and government bonds index, precious metals, Russian stocks. The total volume of open positions exceeds 334 billion rubles, which is 15% higher than a year ago. The average daily trading volume of perpetual contracts in July 2026 exceeded 130 billion rubles, which is 55% higher than the average daily volume in the first half of the year and 94% higher than this figure for the entire 2025. More than 60 thousand clients use perpetual futures monthly.
Parameters of the new tools:
One-day futures contract with automatic rollover for Moscow Exchange fixing SPY ETF:
- Contract code – SP500F;
- Underlying asset – Moscow Exchange fixing of SPY ETF (code: FIXSPY);
- Lot – 1.
One-day futures contract with auto-rollover at the Moscow Exchange fixing for QQQ ETF:
- Contract code – QQQF;
- Underlying asset – Moscow Exchange Fixing QQQ ETF (code: FIXQQQ);
- Lot – 1.
The quotation of new perpetual contracts reflects the value of the corresponding fixings of foreign investment units in US dollars. Calculation of fixings of foreign securities started July 27, 2026. The indicator values can be viewed on the page.
Calculation of funding for new contracts will be carried out from 16:30 MSK to 23:00 MSK[1] in rubles. The parameters K1 and K2 for calculating funding for both contracts are 0% and 0.6%, respectively. The calculation formula is similar to that of perpetual futures already traded on the Moscow Exchange.
The specification of the new contracts has been posted on the Moscow Exchange website.
More about the new perpetual futures on the page.
Moscow Exchange Derivatives Market – the leading platform for trading derivative financial instruments in Russia and Eastern European countries, combining advanced infrastructure, reliability and guarantees, as well as the most modern futures and options trading technologies. Today, the Moscow Exchange derivatives market trades 41 stock options, three currency options, a gold option, an index option, more than 160 futures contracts and options on them, the underlying assets of which are stock indices, stocks, currency pairs, precious and industrial metals, oil, gas and other commodities, interest rates.
Please note; This information is raw content obtained directly from the source of information. It represents an accurate account of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.