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Closed Joint Stock Company UniCredit Bank is approved as a Special Clearing member in currency section of the RTS derivatives market. This decision is taken by the RTS Derivatives Committee on February 13th, 2008.
At the moment 132 clearing members are working on FORTS market.
FORTS, the derivatives market of RTS, is a leading trading venue 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 63 contracts (44 futures and 19 options) on shares of Russian companies, bonds, short term interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold.
Trading volume on FORTS in 2007 grew threefold and reached 297.41 bln dollars or144.9 million contracts . Compared with 2006 the number of trades increased more than twofold and reached 11.7mln. Total open interest at the end of the year equalled 14.7bln rubles in cash or 3.2 million contracts. FORTS also saw a record day’s trading in 2007 when the value of all contracts traded reached 5.2 bln dollars on December 13, 2007.
