RTS Stock Exchange Order-Driven Market: Q 1 2005 Results

In the first quarter of 2005 total trading volume on the JSC "RTS Stock Exchange" reached 7 408 million rubles. Daily trading volume increased by 385% and reached 132 million rubles, compared with 27,2 in the previous quarter. The second-tier stock turnover equaled 1 815 million rubles, 24% of the total trading volume.

96 different securities traded on the market 43 519 times. The most popular second-tier stocks were UTK common stock (3.01% of the total trading volume), "Orenburgneft" preferred stock (2.48%), "Avtovaz" common stock (1.47%), "Uralzvyazinform" common stock (1.36%), and "Megionneftegaz" preferred stock (1.27%).

The most active operators on the market were "Troika Dialog", "ALOR+", UFG, Sberbank of Russia (St.Petersburg) and "ATON".

Order-driven market is the market created by joint-stock company "RTS Stock Exchange", non-profit partnership "RTS Stock Exchange" and non-profit partnership "St. Petersburg Stock Exchange". Traders can trade corporate securities submitting both directly addressed and indirectly addressed quotes.

Trading on the market is organized by JCS "RTS Stock Exchange". "Gazprom" trading is organized by St. Petersburg Stock Exchange. Clearing is performed by the non-profit partnership "RTS Stock Exchange". RTS Settlement Chamber conducts settlement.

270 stocks of 186 issuers including "Gazprom" are admitted to trading on the market. To ensure liquidity in 39 stocks of 27 issues (the second- and the third-tier) the exchange specialist institute is formed.