In accordance with new RTS Stock Exchange Trading rules coming into effect as of January 30, 2003, all Classic Bond market participants are able to quote prices (no preliminary deposition of assets is required). In the past only RTS Bonds market makers were allowed to place quotes in the system.
New RTS Trading Rules provide for two different trading modes:
- Full RTS Bonds trading mode: a market participant has the right to place quotes and trade using both order-driven and classic trading technologies. Monthly fee for this service equals 70 USD (VAT not included).
- Order-Driven RTS Bonds trading mode: a market participant has the right to use the Partnership's Order-Driven technology (full preliminary deposition of assets) while quoting prices and trading. Monthly fee for this service equals 50 USD (VAT not included).
Companies that already possess access to the full trading mode, trade reporting mode and market- maker mode will receive access to the Full RTS Bonds trading mode free of charge.
Partnership members subscribed to the RTS Bonds trading mode or bond market maker trading mode are kindly asked to change these modes to the Full RTS Bonds trading mode, from February 1st to February 20, 2003. A Partnership member is considered "agreed" with the abovementioned changes in trading modes if the member fully pays for the service. Payments are defined in the appropriate contract and should be made in full before February 20, 2003.
Members of the Partnership that are not subscribed to the service but wish to do so need to submit an filled-out application form to the RTS Stock Exchange Sales Department.
