RTS Stock Exchange: Order-Driven Market February 2004 Market Data

For the period of February 1st - February 27th, 2004, total trading volume of direct and indirect transactions (including REPO transactions) jumped by 89% and reached 55 billion rubles. Internet trading accounted for 30% of total trading volume in rubles, up 3% from 30% in January. 55 522 transactions were executed, 42% more than in December.

Currently 172 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.