On February 5, 2009 RTS will launch futures on EUR/USD and EUR/RUR exchange rate on FORTS, its derivatives section.
As per the specifications the new contracts will be quoted based on the currency rates established by the European Central Bank. The basic size of the initial margin on the new instruments is set at 4% of the contract price.
These products targeted for both professional market participants and individual investors will be equally effective for speculative, hedging and arbitrage purposes.
The minimum initial margin requirement will facilitate the maximum gains on the intraday transactions.
Futures contract on the EUR/USD exchange rate, one of the most liquid instruments of the global financial market, will allow investors to hedge against their currency risks on the turbulent international markets. "With the help of currency and money products offered on FORTS investors can optimize their defensive strategy", - says Roman Goryunov, RTS CEO.
FORTS, based on the state-of-the-art exchange technologies and a most reliable risk management system, guarantees the fulfillment of obligations towards each market participant on the trades made in the trading system.
Specifications of the new contracts are available
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 are46 contracts (29 futures and 17 options) on shares of Russian companies, bonds, short term interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold
As per the specifications the new contracts will be quoted based on the currency rates established by the European Central Bank. The basic size of the initial margin on the new instruments is set at 4% of the contract price.
These products targeted for both professional market participants and individual investors will be equally effective for speculative, hedging and arbitrage purposes.
The minimum initial margin requirement will facilitate the maximum gains on the intraday transactions.
Futures contract on the EUR/USD exchange rate, one of the most liquid instruments of the global financial market, will allow investors to hedge against their currency risks on the turbulent international markets. "With the help of currency and money products offered on FORTS investors can optimize their defensive strategy", - says Roman Goryunov, RTS CEO.
FORTS, based on the state-of-the-art exchange technologies and a most reliable risk management system, guarantees the fulfillment of obligations towards each market participant on the trades made in the trading system.
Specifications of the new contracts are available
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 are46 contracts (29 futures and 17 options) on shares of Russian companies, bonds, short term interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold
No comments:
Post a Comment