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On January 18th, 2008 in the RTS derivatives section – FORTS there was registered a record number of open interest on ruble overnight credit (deposit) rate MosIBOR contract.
So the volume of open interest on the given futures reached 16 808 contracts or 16,4 bln rubles.
The previous record was registered on July 10th, 2007. On that day, the volume of open interest exceeded 11 bln rubles.
Growth of open interest on short-term interest rate futures is linked with the growth of hedger demand because of ongoing world liquidity crisis and current market environment on the Russian interbank market.
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 in Russian range of instruments. These are 63 contracts (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 in 2007 grew threefold and made up 297,41 bln dollars or144,9 contracts . Comparing with 2006 the number of trades increased more than twofold and reached 11,7mln. Total volume of open interest for the end of the year equaled 141,7 rubles in cash or 3,2 contracts. The highest intra-day trading volume on FORTS was registered at the level of 5,2 bln dollars.
