Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Moscow Exchange's Derivatives Market Open Interest Hits The Record

Date 04/06/2013

In June 03, 2013 a record open interest was shown by the Moscow Exchange's derivatives market. By the end of the main trading session the total open interest in futures contracts reached 289.4 billion rubles or 8.9 million contracts.

A historical maximum of 1.4 million contracts was also registered in open interest in futures contracts for RTS Index, the most liquid exchange-traded instrument in Russia. The previous record was seen on September 14, 2011 when the open interest in futures contracts on RTS Index reached 1.36 million contracts.

During the five months of 2013 the average trading volume of the Moscow Exchange's Derivatives Market grew from 195.9 billion rubles up to 199.1 billion rubles.

"Right 6 months ago the Moscow Exchange accomplished clearing activity centralization based on NCC facilities. Since that the open interest value has demonstrated constant growth" comments Roman Sulzhyk, the Managing Director of the Derivatives Market at the Moscow Exchange. "Russian and foreign leading institutional investors have positively responded to such move and made the Russian derivatives market an integral part in managing their financial portfolios".

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The Moscow Exchange's Derivatives Market is the largest in the Eastern Europe in terms of trading volume and the number of financial instruments traded. Following the results of 2012, the Futures Industry Association included the Moscow Exchange into TOP-10 global derivatives exchanges. A futures contract on RTS Index holds the 5th position among the global TOP-20 most liquid contracts on index assets.