Initial Margin On FORTS Increased For New Year’s Holidays

According to the decision taken by the RTS Derivatives market committee for the period of New Year’s holidays the size of Initial margin for futures contracts on sugar will be increased.

The increase of Initial margin for the period of holidays will be performed in the following way:

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 range of instruments in Russia. These are 63contracts (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 for 9 months 2007 exceeded 166 bln dollars. On FORTS From January to September 2007 there were executed more than 7,2 mln transactions with 93,5 contracts. Average daily open interest on standard contracts in 2007 grew by 102,6% and in September reached 8 bln dollars.