Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

First Anonymous Trades Settled On Russian Trading System

Date 22/11/2005

First trades executed at the Anonymous Trading platform of the "Russian Trading System" stock exchange Classic Market were settled on November 21 st , 2005. All 150 trades executed during November 15 th , the first day of trading, were settled fully.

In case of the delay in settlement the party at fault is fined at 15% (annual interest rate) of the total amount settled for each calendar day of the delay.

"Anonymous" trading in the most liquid securities on the RTS Classic market (EESR , GMKN , LKOH , MTSS , RTKM , SNGS , TATN) began on November 15 th , 2005. Anonymous trading combines the simplicity and speed of execution of trades on the Order-driven Market with the advantages of the Classic Market such as the absence of the full preliminary deposition of assets requirement. Each market participant is allowed to trade within limits set by RTS Clearing Center.