Almost all derivatives market segments demonstrate growing activity over past year
From July 2025 to June 2026, the Russian derivatives market was growing despite ongoing restrictions, which was due to increased activity among domestic market participants. Non-financial organisations were key drivers in this process.
The key rate reduction that began in 2025 boosted activity in the market of ruble-denominated interest rate derivatives. The interest rate swap segment saw the most notable growth. The FX derivatives market expands due to demand from non-financial organisations for foreign currency hedging.
The volume of open futures positions in the derivatives market of Moscow Exchange went up by almost a third from July 2025 to June 2026. The money market segment reported the largest increase, followed by the securities segment. Individual participants account for the largest portion in the commodities and securities segments.
Moscow Exchange and PJSC SPB Exchange introduced new instruments – cryptocurrency futures. Since the launch of the trading, market participants manifested their main interest in two cryptocurrencies, namely Bitcoin and Ethereum.
More details are available in the review Derivatives Market.