"International Bank Of St. Petersburg" Becomes A FORTS Clearing Firm

The RTS Stock Exchange Board of Directors has approved the application of "International Bank of St. Petersburg" to become a clearing firm on FORTS, the derivatives section of the Exchange.

86 companies from Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Samara, Rostov-on-Don, Kazan and Abakan currently work on FORTS. 8 futures contracts and 3 options trade on FORTS.

FORTS, the project of two exchanges, opened up on September 19th, 2001, based on trading and settlement technologies and software developed by St. Petersburg Stock Exchange.