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Effective November 2, 2009 RTS Stock Exchange will start calculating the RTS Index on a different basis. In accordance with the reviewed methodology for RTS Index calculation, stock prices revealed on RTS Standard will now be used for calculation of the RTS Index.
RTS Index is calculated based on trades in and quotes for 50 most liquid securities. As of November 2, 2009 prices for 17 stocks trading on RTS Standard will be employed in calculation of the RTS Index, prices for the remaining 33 stocks will still come from RTS Classica where they are trading in US dollars. The ruble denominated RTS Standard stock prices will be converted into dollars at the real time USD/RUB quotes with settlement on T+1 as under the new methodology.
The new methodology extends Index calculation so that it will cover both the daily and the evening trading, thus allowing investors to assess the Russian stock market trends during the evening trading session and effectively trade in futures from 7:00 pm to 11:50 pm MSK.
"RTS Standard has demonstrated high liquidity, and the decision to update the RTS Index calculation methodology is only natural, as it allows the RTS Index to reflect the stock market tendencies in a most accurate and objective way. In addition, the RTS Index will be calculated not only during the main trading session but also during the evening trading session that is open until 11:50 pm MSK enabling the RTS Index to track the reaction of Russian investors to the changing global financial market trends", says Roman Goryunov, CEO of RTS Stock Exchange.
The new calculation methodology was registered by the Federal Financial Markets Service on October 23, 2009.
Methodologies for calculation of the RTS-2 Index and RTS Sectoral Indices are similar to that for the RTS Index and also include prices revealed on RTS Standard.
