Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Trust And Investment Bank And National Development Bank Become RTS Stock Exchange Bonds Market Makers

Date 27/12/2002

Trust and Investment Bank (TIBM) and National Development Bank (NBRT) have recently obtained the market-maker status on the RTS Bonds, the market for trading corporate, government, municipal bonds and Eurobonds.

Trust and Investment Bank is one of the leading bond underwriters in Russia. In 2002 the bank raised over 17 billion rubles in bonds. Trust and Investment Bank will maintain RTS quotations in "Alrosa" (19th issue), "RusAl" and "RAO UES of Russia" (2nd issue) bonds.

National Development Bank has been active on Russian securities market since 1991. In October 2002 the bank started trading bonds. On the RTS Bonds market National Development Bank will be maintaining quotations in "Alrosa" (19th issue), "Moscow City Bonds" (24th and 25th issue).

This brings the total number of RTS Bonds market makers to 16.

You can find the complete list of RTS Bonds market makers on Members / RTS Bonds Market / RTS Bonds Market Makers .

According to the RTS Bonds rules, a company can obtain the market maker status if its application is approved by 75% of firms-current market makers. Market makers are required to maintain two-sided quotations in at least three securities for at least 80% of trading time on both Classic and Order-driven markets.