On February 20, 2007 in the RTS Derivatives division – FORTS starts trading on delivery futures contracts on diesel oil Ë-0,2-62 (All-Union State Standard 305-82).
These contracts are the first in Russia delivery contracts on oil products. They allow to insure risks connected with diesel price changes, to decrease the cost of attracting monetary resources and effectively plan the economic activity of both private and state-involved companies. And increase in the effectiveness of institutions’ work and development of the civilized stock market promotes economic growth of the country.
The use of the instruments of that kind will also allow to widen the range of investment strategies of trading participants and will give an opportunity to increase the number of clients - brokerage houses, via attracting clients from spheres of oil, construction, agriculture and other business activities.
As a basis delivery on a new RTS contract Volodarskaya linear operating dispatcher station of JSC Mostransnefteproduct was chosen. It is the biggest petroleum depot of the Central region of Russia with the opportunity of pumping oil products from many petroleum-processing plants, which widens the range of potential participants of futures market on oil products.
The property right for diesel will be fixed on the records list on Volodarskaya linear operating dispatcher station. The stock exchange functions as a guarantor of obligations fulfillment for all market participants.
Due to the launch of trading on delivery futures contracts on diesel oil (DIZL – 04.07) JSC RTS plans to hold a series of practical seminars. Information on these seminars will be available starting from February 20, 2007 on the web site www.rts.ru in the section contracts on commodities.
“Delivery futures contracts on diesel oil are the next step of RTS in the development of commodities market on derivatives. It is the first in Russia delivery futures contract on oil products, which will be useful in work to all the customers and producers of diesel oil, to oil traders and oil companies”, says RTS CEO Oleg Safonov.
RTS Stock exchange is the first exchange in Russia with a liquid market of futures on commodities. On June 8, 2006 on RTS started trading on non-delivery futures contracts on oil Urals and gold. By the results of 2006 the number of trades made with futures on oil was 9777. The total volume is 4, 1 billion rubles or 2,5 million barrel. There were made 43326 trades on futures on gold in 2006. The trading volume is 25,3 billion rubles or 1,5 million ounce.
Derivatives market of RTS – FORTS is a leading trading ground in trading on futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest range of financial instruments. These are 24 contracts (15 futures and 9 options) on the shares of Russian companies, bonds, short-term interest rates, currency, RTS Index, oil and gold. Trading volume on FORTS in 2006 exceeded 100 billion dollars. All in all in 2006 on FORTS there were more than 5 million trades made with 89,6 million contracts. Average daily open interest on standard contracts in 2006 grew by 259,5% in rubles and in December reached 5 billion dollars.
