RTS Stock Exchange Order-Driven Market

For the week of November 15th – November 19th, 2004, the total trading volume of direct and indirect transactions (including REPO transactions) increased by 54% and reached 16 499 million rubles. Internet trading accounted for 40% of total trading volume, slightly up from 39% the week before. 17 599 transactions were executed.

Currently 191 companies – professional market participants - trade on the Order-driven market.

The Order-driven market is the unified RTS and St. Petersburg St. Exchange marketplace where corporate stocks are traded. Market participants can submit directly addressed quotes, or quotes with no particular addressee in mind. Trading is being done via St. Petersburg St. Exchange, clearing – through the RTS Stock Exchange Clearinghouse, settlement – via the RTS Stock Exchange Settlement Chamber. The electronic trading system can be accessed via “Plaza Stocks” workstation or through the Internet-trading gateway. Private investors can trade on the Order-driven market by becoming clients of licensed brokerages/investment houses.