Support The Moscow Times!

Russia's Central Bank Moves to Limit Pricing Manipulation in Futures Market

The Central Bank said Monday that it had sent an order to the Moscow Exchange to halt trading in certain instruments in order to prevent possible manipulation of the equity futures market.

"In order to prevent possible pricing manipulation during the expiration of futures contracts on the RTS index … the Central Bank of Russia sent an order to MICEX (index) to suspend trading of financial instruments," the bank said in a statement.

The dollar-based RTS and the ruble-traded MICEX are part of the Moscow Exchange.

The Central Bank said the order was for the suspension of trading of a series of instruments for market participants whose actions have repeatedly influenced pricing when some futures contracts are expiring.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.