The exchange registration fee for this option is 1 ruble per contract, including 18% VAT, 0,5 ruble for scalpers operations. The registration fee for the OTC trades equals 1,5 ruble, the execution fee – 1 ruble.
Options contracts on investment indices are one of the most popular financial instruments in the world because they provide investors with speculative and hedging opportunities. Options on the RTS Index allow investors to create investment strategies with different "risk-return" ratios and take advantage not only of general market movements but also of its volatility.
The futures contract on RTS Index was created on August 3, 2005. For the first month of trading trading volume in this contract reached 999 million US dollars (590 thousand contracts). Experts expected the threshold of 1 billion dollars to be reached only at the end of 2005. As of September 6th , 2005, open interest in futures on RTS Index amounted to 1,1 billion rubles (21,7 thousand contracts).
RTS Index, the official RTS Stock Exchange indicator, has been the benchmark of Russian securities market since 1995. RTS Index is calculated in real-time during the session based on the Classic market statistics (from 10:30 to 18:45 Moscow time). The list of Index constituents comprises 50 stocks.
