Russian Trading System: FORTS Reserve Fund Reaches 300 Million Rubles

On its November 21, 2002, meeting the RTS Derivatives Market Committee has reviewed the data on FORTS reserve fund. As of November 18, 2002, the size of the fund reached 300 million rubles, the maximum in FORTS history.

FORTS, a unified derivatives market operating since September 19, 2001, is based on trading and settlement technologies and software that were implemented at and have been successfully used by St. Petersburg Stock Exchange for 7 years. RTS acts as the trading system and the clearinghouse on the integrated market. 80 companies headquartered in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Samara, Rostov-on-Don, Kazan and Abakan are FORTS registered members. They trade 6 futures contracts and 2 options.