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On July 10, 2007 on Derivatives market FORTS there was fixed a record growth of open interest on the futures contract on the ruble overnight credit (deposit) rate MosIBOR.
So, the open interest volume in these futures has reached 47 690 contracts which makes 11, 062 billion rubles.
The previous record was registered on June 26, 2007. The open interest volume exceeded then 8,4 billion rubles.
Futures contracts on short-term interest rate are becoming more and more popular instruments of Derivatives market FORTS. They are actively used not only by the participants of the interbank lending, but also by the traders of shares and bonds market who hedge the rates to attract money for their positions funding.
Derivatives market of RTS – FORTS is a leading trading ground for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest in Russian range of instruments. These are 53 contracts (35 futures and 18 options) on shares of Russian companies, bonds, short interest rates, currency, RTS Index, oil, oil products and gold.
The trading volume on FORTS in 2006 exceeded 100 bln dollars. All in all there were made more than 5 mln trades with 89,6 mln contracts. Average daily open interest on standard contracts in 2006 grew by 259,5% in rubles and in December reached 5 bln dollars.
