On January 31, 2022 trades in calculated futures contracts on the Moscow real estate index, which is calculated on the basis of real mortgage transactions, will begin on the derivatives market of the Moscow stock exchange, according to the website of the stock exchange.
A new tool will provide additional opportunities for financial market participants and their clients
:
- will allow the widest range of clients, including those saving up for an initial mortgage payment, to invest in the Moscow real estate market with a small capital;
- will expand the range of investor trading strategies, in particular due to the possibility of opening short positions;
- can be used by issuers of structured products and management companies to create new investment instruments, as well as by development companies to hedge market risk.
Futures contract trade code – HOME, contract price – the cost of 0.1 square meter of real estate (about 25 thousand rubles), price step – 10 points, the cost of the price step – 10 rubles. Contracts with execution in March and June 2022 are admitted to trading.
Price of execution will be the last value of an index before day of execution of the contract.
The index of Moscow real estate DomClik is calculated by the Moscow stock exchange on the basis of real transactions with real estate. The index value is determined as the weighted average cost per square meter of housing by administrative districts of Moscow.
Moscow Exchange launches futures trading on the real estate index. Photo: Yandex Images
Data are collected weekly, the revision of the base is carried out once a quarter. Apartments in high-rise residential buildings, excluding elite housing costing more than 30 million rubles are involved in the calculation.
