On June 17, 2010 options and single stock futures were settled through unified settlement technology implemented on FORTS and RTS Standard.
On June 9, 2010 front-month options and futures on individual stocks expired and were settled into relevant positions on RTS Standard. Market participants made and took physical delivery on these positions on June 17, 2010.
All the market participants who held their positions until delivery performed their obligations in full. The open interest generated on RTS Standard as the result of settling futures and options contracts amounted to 7,870,058,032 stocks:
| Futures contract | Open interest on FORTS (contracts) |
Open interest on RTS Standard (stocks) |
|---|---|---|
| GAZR-6.10 | 258,244 | 25,824,400 |
| SBRF-6.10 | 91,858 | 9,185,800 |
| VTBR-6.10 | 78,278 | 7,827,800,000 |
| LKOH-6.10 | 26,612 | 266,120 |
| GMKR-6.10 | 19,162 | 191,620 |
| ROSN-6.10 | 10,424 | 1,042,400 |
| SBPR-6.10 | 3,016 | 301,600 |
| URSI-6.10 | 2,610 | 2,610,000 |
| HYDR-6.10 | 274 | 2,740,000 |
| TRNF-6.10 | 192 | 192 |
| CHMF-6.10 | 192 | 19,200 |
| PLZL-6.10 | 130 | 1,300 |
| SNGR-6.10 | 68 | 68,000 |
| TATN-6.10 | 30 | 3,000 |
| MTSI-6.10 | 22 | 2,200 |
| NOTK-6.10 | 22 | 2,200 |
| Total | 491,134 | 7,870,058,032 |
During the evening clearing session on the last trading day futures contracts were settled through the unified settlement technology by executing on RTS Standard a trade in the relevant stocks with settlement on Т+4 for the entire futures position.
"We’ve been looking forward to implementation of the unified settlement technology on FORTS and RTS Standard virtually from the launch of the new cash equity market. From our perspective it is the most convenient method to perform obligations under futures contracts. We have tuned up our settlement procedures employed on RTS Standard for equity trades executed in the on-exchange mode with settlement on T+N, and they do not cause any inconvenience for our clients", - comments Maxim Poznyak, Deputy Director General at the brokerage house "OTKRITIE".
