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According to the decision taken by the RTS Derivatives committee as of January 24th, 2008 the size of the basic (minimal) initial margin is increased for the following futures contracts on FORTS:
| Instrument | Size of initial margin |
|---|---|
| Futures contract on RTS Index | 10% |
| Futures contract on RTS Oil & Gas Index | 10% |
| Futures contract on RTS Consumer & Retail Index | 10% |
This decision is taken by the RTS Derivatives committee in connection with high volatility of prices on the Russian Stock market and with the purpose of system risk minimization.
The decision on the change of initial margin size will be considered at the regular meeting of RTS Derivatives committee.
Derivatives market of RTS – FORTS is a leading trading ground for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest in Russian range of instruments. These are 63 contracts (44 futures and 19 options) on shares of Russian companies, bonds, short interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold.
The trading volume on FORTS in 2007 grew threefold and made up 297,41 bln dollars or144,9 contracts . Comparing with 2006 the number of trades increased more than twofold and reached 11,7mln. Total volume of open interest for the end of the year equaled 141,7 rubles in cash or 3,2 contracts. The highest intra-day trading volume on FORTS was registered at the level of 5,2 bln dollars.
