Settlement will be conducted in rubles based on the evening London fixing in gold (London fixing, www.goldfixing.com ). The contracts will be traded for 1 month, the minimum initial margin will equal 5% o the contract value. RTS will charge 1 ruble per each contract.
Futures and options for gold are an investment vehicle, the means of savings and a speculative instrument. These contracts allow commercial manufacturers and end uses to hedge price-related risks. Futures and options in gold are an attractive alternative to traditional means of investing in gold, such as bullions, coins, shares of gold-mining companies and anonymous metal accounts.
