OREANDA-NEWS. Futures contracts on Yandex N.V. ordinary shares will start trading on the Derivatives Market of the Moscow Exchange on June 4. Russian trading participants will be able to invest in a liquid asset without incurring additional costs or needing to enter foreign trading floors.

This is the first Russian exchange-traded contract on shares traded on foreign trading floors. The introduction of this new derivatives instrument to the Russian market has been driven by recent changes in regulations adopted by Russia"s Federal Financial Markets Service.

Futures contracts on Yandex N.V. ordinary shares with settlement in September and December 2013 will start trading on the Derivatives Market of the Moscow Exchange on June 4, 2013.

Contact brief specification:Underlying asset

Yandex N.V. ordinary shares

Contract name

Futures contract on Yandex N.V. ordinary shares

Contract code

YNDX ( short – YA)

Contract type

Cash-settled contract

Quote currency

USD

Lot

100 shares

Tick

USD 0.01

Tick value

USD1

Settlement months

Quarterly (March, June, September, December)

Last trading date/Settlement date

15 (fifteenth) day of the Contract"s settlement month of the settlement year

Settlement price

YNDX price following the results of NASDAQ trades (close price) on the last trading day in the futures contract on the Moscow Exchange

Initial Margin

15%

Exchange fee

RUB2