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RTS Stock Exchange Nominated In Three Categories In Annual NAUFOR "Securities Market Elite" Contest

Date 18/05/2005

On May 17 th , 2005, the National Association of Professional Market Participants (NAUFOR) held the awards ceremony for the winners of its 5 th annual "Securities Market Elite" contest.

The joint-stock company "RTS Stock Exchange", the first Russian exchange created in the joint-stock company form, was nominated in the category " Best Securities Market Development Project " category. At present 23 companies – professional market participants (investment companies, banks and stock exchanges) own the joint-stock company "RTS Stock Exchange".

RTS Group was nominated twice in the "Best New Instrument on the Market" category, for its FORTS derivatives market and the ‘second-tier' securities market development project.

FORTS (Futures &Options on RTS) currently holds 98% of the total market share of the derivatives contracts trading volume in Russia. In the nearest future the market plans to introduce fixed-income derivatives.

The "second-tier" securities market development project is being implemented on the joint-stock company "RTS Stock Exchange". To ensure liquidity in 39 securities by 27 issues, the exchange established the institution of market specialists supports double-sided quotes with narrow spreads. As a result, the stocks that used to be almost illiquid now gained the established market price and the official quote.