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On November 1, 2007 there started the first on the Russian commodities market process of delivery of granulated sugar by the futures contract with delivery in November.
Delivery price is 15,05 rub a kilo.
Volume of delivery is 5 carloads or 325 tons of sugar.
Delivery of tangible goods is the final stage of a deliverable futures contract’s circulation on the market. First delivery on futures contract on sugar has marked a successful start of the exchange trading on agricultural products and also the fact that the trading participants have appreciated the convenience and effectiveness of the new instrument of Futures and Options market on RTS – FORTS.
Derivatives market of RTS – FORTS is a leading trading ground for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest in Russian range of instruments. These are 58 contracts (39 futures and 19 options) on shares of Russian companies, bonds, short interest rates, currency, RTS Index, oil, gas oil, gold and sugar.
The trading volume on FORTS for the period of 9 months in 2007 exceeded 166 bln dollars. From January to September 2007 there were made more than 7,2 mln trades with 93,5 mln contracts. Average daily open interest on standard contracts in 2007 grew by 102,6% and in September reached 8 bln dollars.
