Deutsche Boerse AG's Eurex will offer derivatives that are based on the Russian index RDX USD, according to an announcement made on February 16.

These risk management tools will be created through collaboration with the Vienna Stock Exchange, which currently offers the index. Futures and options associated with the RDX USD will be available to market participants starting on March 19, according to Automated Trader.

The RDX USD Index, which will serve as the basis for the new financial instruments, consists of 15 securities, according to MarketWatch. The securities that compose the index are the most liquid depository receipts contained in the London Stock Exchange's international order book, Financial News reports.

The derivatives will be settled in cash, and futures will be available for trade between 8 a.m. and 10 p.m. CET, and options between 9:15 a.m. and 4:30 p.m., according to Automated Trader.

"Our highly liquid platform now also offers our global customers listed hedging instruments based on this index, which is mainly used in the off-exchange market," said Steffen Koehler, Eurex's head of product development, MarketWatch reports.