Another change becoming effective on June 17th is the infrastructure of Contingency Fund. At present, up to 75% percent of the collateral can be deposited in stock. According to the new requirements, the fund will consist solely of monetary assets.
These changes are related to a significant increase of activity on the market and drastic surge in open positions (to 100 million US dollars) and are meant to better manage the participants' risks. In the future, the RTS Derivatives Market Committee intends to adhere to Exchange's policy of increasing Contingency and Guarantee funds.
FORTS, a unified derivatives market operating since September 19, 2001, is based on trading and settlement technologies and software that were implemented at and have been successfully used by St. Petersburg Stock Exchange for 7 years. RTS acts as the trading system and the clearinghouse on the integrated market. 83 companies headquartered in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Samara, Rostov-on-Don, Kazan and Abakan are FORTS registered members. They trade 7 futures contracts and 2 options.
