The Open Interest In USD/RUB Futures In The MICEX Derivatives Market Section Exceeded 600 000 Contracts

On 25 October 2005, the open interest in futures on USD/RUB exchange rate in the MICEX Derivatives Market Section has exceeded 600 000 contracts (600 million US dollars in notional value) and amounted to 609 600 contracts. This is a record figure since 2000 and more then 2 times increase since the beginning of 2005. The open interest is distributed among futures contracts up to 1 year ahead.

Year-to-date trading volume has reached 90 billion rubles in notional value (3.2 billion USD), exceeding 7 times total trading volume of 2004. In the same period 8 new members joined the MICEX Derivatives Market Section, total number of members has reached 162 organizations.