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Futures & Options On RTS Stock Exchange Risk Management System Tender To Continue

Date 25/12/2002

On its December 24th, 2002, meeting, the RTS Stock Exchange Board of Directors decided to extend the deadline for selecting the consultant for FORTS (Futures & Options on RTS) risk management system development to March 31, 2003.

Up until now, 6 applications have been submitted. However, a number of professional risk management companies were not able to submit their applications on time.

As announced earlier, Russian and foreign organizations - professional securities markets risk managers - are welcome to participate in the tender. To do so they need to submit a filled-out application form and the proposal listing their experience, desired fees and terms of payment.