As the result of trades on August 8, following the growth of RTS index (by 0,84% compared to the last trading hours on Friday, August 5), the price of index futures also increased: September futures – by 1,16%, December futures – by 0,62%. Market participants are expecting RTS index to reach 819,9 points by mid September and 826 points by mid December.
By the end of the trading session on August 8, the volume of open interest RTS index futures equaled 8 058 contracts or 661,5 million rubles.
Trading Volume of FORTS Derivatives Contracts on August 8, 2005
| Contract | Trading Volume, RUR | Respective share in FORTS total turnover |
|---|---|---|
| RTS index futures | 638 968 328 | 26,05% |
| RAO "UES of Russia" futures | 573 716 092 | 23,39% |
| "LUKOil" futures | 495 998 214 | 20,22% |
| "Gazprom" futures | 355 438 457 | 14,49% |
| Options on "LUKOil" futures | 150 234 750 | 6,13% |
| Options on RAO "UES of Russia" futures | 98 984 500 | 4,04% |
| USD exchange rate futures | 38 697 090 | 1,58% |
| "Rostelekom" futures | 27 959 250 | 1,14% |
| "GMK Norilsk Nickel" futures | 25 201 758 | 1,03% |
| 3-year Moscow bonds futures | 21 840 650 | 0,89% |
| Options on "Gazprom" futures | 21 627 000 | 0,88% |
| "Surgutneftegas" futures | 4 027 607 | 0,16% |
| Options on "Rostelekom" futures | 6 250 | 0,00% |
| Total | 2 452 699 946 | 100,00% |
RTS Index Futures provide a wide range of opportunities to hedge stock portfolio risks and to take advantage of broad market movements. These contracts are equally attractive to both small-scale investors and large market participants.
Contract size is defined by multiplying Index value by USD 2. Contracts are quotes in base points of RTS index (100 times RTS index). Final settlement price is defined due to the Index average value calculated during the last trading hour of the last trading day of the contract. Settlement day is the 15th of a settlement month or the first business day following the last trading day.
RTS Index – the official RTS Stock Exchange market indicator – has been the benchmark indicator of the Russian securities market since 1995. The RTS Index is calculated online during trading session on the RTS Classic Market after every change in the price of every security-constituent of the Index (RTS Classic Market is open from 10.30 am to 6.45 pm Moscow time). The Index constituent list consists of 50 stocks issued by leading Russian companies. Data concerning index movements is published on the RTS website, it is transmitted to work placements and it is distributed by information agencies.
