Open Interest In USD/RUB Futures In The MICEX Derivatives Market Section Exceeds 700 000 Contracts

On November 14, 2005 the open interest in futures on USD/RUB exchange rate in the MICEX Derivatives Market Section has exceeded 700 000 contracts (700 million US dollars in notional value) and amounted to 706 390 contracts. This is a new record figure since 2000. The level of 600 000 contracts was reached only three weeks ago, on October 25, 2005.

The week of November 7 – 11 was also marked by the record trading volume of 281 850 contracts, the previous weekly maximum was fixed in August.

Year-to-date trading volume has reached 102.5 billion rubles in notional value (3.6 billion USD) exceeding 7.8 times total trading volume of 2004. In the same period 9 new members joined the MICEX Derivatives Market Section, total number of members has reached 163 organizations.