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Futures & Options On RTS Stock Exchange Daily Trading Volume Exceeds 50 Million US Dollars

Date 21/05/2003

On May 20th, 2003, daily trading volume on FORTS (Futures & Options on RTS), the derivatives market of the RTS Stock Exchange, reached 56, 7 million rubles, or 1 752 million rubles in underlying value, the all-time record. The previous maximum set on May 19th, was exceeded by 18%.

'Steady growth in volumes and open positions is directly related to new companies' entering the market, and increase in FORTS trade limits", says Andrey Belinsky, RTS Stock Exchange Vice-President. "And new companies are joining in because they trust FORTS and appreciate its high liquidity and optimal tariff structure".

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.