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On January 29, 2007 "Russian Trading System" Stock Exchange became an affiliate member of the World Federation of Stock Exchanges.
In the letter of WFE General Secretary Thomas Krantz it is noted that RTS meets all high requirements for WFE membership.
The main criteria, by which World Federation of Stock Exchanges assesses the applicants, are:
- development dynamics
- quality of organization and clarity of work
- compliance with international standards of making deals (G-30, ISSA)
- compliance of the system of accounting reporting with international standards (International Accounting Standards – IAS)
- protection of investor's rights, etc.
Having become a WFE affiliate member, RTS has got a unique opportunity to achieve more success in building business operations in the same streamline as the leading trading grounds of the world. WFE, in its turn, has acquired a reliable partner on post-Soviet territory.
WFE Chairman Massimo Capuano has thanked the RTS management for the great interest expressed towards the Federation work.
CEO of OJSC RTS Oleg Safonov has noted that it is great honour for RTS to become an affiliate member of the World Federation of Stock Exchanges. He says: "We will do our best to meet those high requirements for the members of WFE. Recognition of RTS by this organization proves the fact that in Russia there has been created a highly civilized stock market, on which RTS is one of the main participants.
On behalf of professional participants, the Vice-Chairman of Board of Directors of UBS Russia, General Director of UBS Securities Marlen Manasov congratulated RTS on this remarkable news. He noted that on "Russian Trading System" there is a very convenient infrastructure for the participants, and both stock market and derivatives market are well-developed. Marlen Manasov noted, "We are happy that WFE saw the true value of RTS and gave it a status of WFE affiliate. It means that not only the level of this particular exchange has grown, but the level of the whole stock market of the country."
A regular annual meeting of WFE participants, to which CEO of OJSC RTS Oleg Safonov is invited, will take place on 15-16 October in Shanghai. At the annual meeting the world market environment and recommendations for all Federation members on next year business plans will be discussed.
The membership is comprised of 54 regulated exchanges from all regions of the world. Together, these exchanges account for over 97% of world stock market capitalization, and most of its exchange-traded futures, options, listed investment funds, and bonds. WFE participants can be traditional trading grounds, derivatives exchanges, clearing companies, investment institutes, depositaries, IT-companies, internet-traders, leading world banking institutions and dealers companies.
RTS Stock Exchange is an integrated trading and settlement complex. The main mission of RTS Stock Exchange is to create conditions for Russian securities and financial instruments' circulation and to determinine their value.
RTS consists of Not-for-profit partnership "Russian Trading System "Stock Exchange", "Open Joint Stock Company "Russian Trading System "Stock Exchange", "RTS Clearing Center", " RTS Settlement Chamber" and "St. Petersburg Stock Exchange".
A wide range of securities is traded on RTS markets – 568 securities, bonds and mutual funds of 354 companies. Information on trading on Classic market of RTS is broadcasted both in Russia and abroad and is a base for calculating the main indicator of the Russian stock market – RTS Index. The Index is computed on thirty-minute intervals using real-time prices of the 50 most liquid stocks listed on the Exchange.
The main sphere of T+0 market activity is development of the "second-tier" shares. More than 50% of the total trading volume takes this type of market.
FORTS (Futures and Options on RTS) Derivatives market is the leading Russian derivatives market. FORTS makes 90% of the total trading volume of all futures contracts in Russia. It's one of the leading trading grounds in the segment of derivatives on separate shares. At the present moment futures and options, which basic assets are shares of the Russian companies, RTS Index, bonds, foreign currency, average ruble overnight credit rate MosIBOR, oil Urals and gold.
