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  • International Order Book DR Derivatives

London Stock Exchange Derivatives is firmly established as the leading international marketplace for Russian Equity & Index derivatives.

London Stock Exchanges’  International Order Book is firmly established as the leading international marketplace for the trading of Depositary Receipts. London Stock Exchange Derivatives markets offers trading and clearing of derivatives on Russian and other Depositary Receipts.

 Participants benefit from both the onscreen order book and the flexibility offered by our cleared only service, all of which are backed by the security of Central Counterparty Clearing with LCH Clearnet(LCH).

At exercise, clearing members can also take advantage of offsetting margin on equity positions which clear through LCH EquityClear.

For more information about the International Order Book (IOB); please visit:

Trading Hours

IOB DRs Open Close
Trading 08:00 15:30
Trade reporting 07:30 17:30

Expiry Cycles

For exact dates, please refer to the Trading Calendar


IOB DR options, IOB DR futures First two serial months and next four quarterly months of the "March, June, September and December" expiry cycle.


Corporate Actions

London Stock Exchange Derivatives applies clear guidelines to determine how a corporate action event affects the derivative contracts - find out more.


IOB Derivatives Factsheet

IOB Factsheet