The maximum amount of securities that can be accepted from a Clearing Member as initial margin now is going to be be as follows:
ОАО "LUKOIL" ordinary shares - 62 000
OJSC "MMC "NORILSK NICKEL" ordinary shares - 5 600
Sberbank ordinary shares - 1 300 000
Surgutneftegas ordinary shares - 1 300 000
OJSC "OC "Rosneft" ordinary shares - 230 000
Gazprom ordinary shares - 1 400 000
JSC VTB Bank ordinary shares - 200 000 000
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 64 contracts (46 futures and 18 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 or 144.9 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 14.7 bln 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 13th, 2007. -- www.rts.ru
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