For the period from August 13 to August 26, 2007 on the Futures and Options on RTS market (FORTS) the average daily trading volume of futures contracts on ruble overnight credit (deposit) rate MosIBOR (Moscow Inter-Bank Offered Rate) made up almost 950 mln rub or 968 contracts, which is a record value.
High activity on the trades of futures on ruble overnight credit (deposit) rate is connected with high volatility of interest rate on the MBC market, which is the result of unstable situation on the world financial markets.
With the help of futures contracts FORTS participants fixate the average overnight credit (deposit) rate. Active users of futures on short-term interest rate are also traders of the bonds market who hedge with the help of futures the rate of funding their transactions on the bonds market. You can obtain more detailed information on the official RTS website.
Derivatives market of RTS – FORTS is a leading trading ground in trading on futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest range of financial instruments. These are 57 contracts (38 futures and 19 options) on the shares of Russian companies, bonds, short-term interest rates, currency, RTS Index, oil, gold and gas oil.
Trading volume on FORTS in 2006 exceeded 100 billion dollars. All in all in 2006 on FORTS there were more than 5 million trades made with 89,6 million contracts. Average daily open interest on standard contracts in 2006 grew by 259,5% in rubles and in December reached 5 billion dollars.
