MICEX Sets Volume Record In USD/RUR Futures

Moscow Interbank Currency Exchange set a daily volume record in USD/RUR Futures on August 2, 2005 when 180 000 contracts were traded with a notional value of USD 180 mln. (or RUR 5,2 billion), surpassing the previous record of 105 000 contracts set on May 16.

Since October, 2004 MICEX Derivatives Market has been demonstrating steady growth. Year-to-date trading volume has reached USD 1,8 billion (or RUR 55,4 billion), which 4 times exceeds total trading volume of 2004. The total open interest at the end of August 2 amounted to 471 300 contracts.