On recommendation of the Derivatives Market Committee RTS Clearing Center has passed a resolution on increasing its Reserve Fund by RUB650 million as of March 1, 2011.
The reason for this decision is the significant growth of trading volumes both on the cash equities market RTS Standard and on the derivatives market FORTS.
In accordance with the resolution the size of the Reserve Fund is set at RUB1.5 billion (roughly USD51.9 million). Taken together, the Contingency Fund and the Reserve Fund exceed RUB2.7 billion (roughly USD93.4 million).
