Futures And Options On RTS Stock Exchange: I Quarter 2005 Results

In the first quarter of 2005 (January 1st – March 31st, 2004) FORTS trading volume reached 9,7 million contracts or 80.1 billion rubles in underlying value. Total open interest as of March 31 st , 2005, increased by 60% in rubles and 53% in contracts and stood at 1,5 million contracts or 13,1 million rubles in underlying value.

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. 86 companies from Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Samara, Rostov-on-Don, Kazan and Abakan FORTS participants trade 8 futures contracts and 4 options.