Commodity Online MOSCOW: RTS has launched trading in platinum and palladium futures contracts on FORTS, RTS derivatives section, complementing the established trading in gold and silver.
The contracts are initially for 3 and 6 months and are settled in cash based on the morning fixing on the London Platinum and Palladium Market.
Platinum and palladium futures are targeted for major manufacturers and consumers interested in hedging their risks related to fluctuation of prices for precious metals.
The new derivatives and the contracts on gold and silver can be also combined in a commodity investment fund to gain immediate exposure to a basket of precious metals. In addition, these instruments open up opportunities for arbitrage.
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The launch of futures contracts on platinum and palladium follows the successful start of trading in the EUR/USD and EUR/RUR futures this February.
From the very start the EUR/USD contract hit the top 5 liquid FORTS instruments.
Again, RTS will soon launch RTS Standard – a front-rank cash equity market that will set a totally new standard for equity trading in Russia.
RTS Standard is the result of the hard work aimed at meeting today’s business challenges through an acute focus on local exchange infrastructure innovation.
RTS Standard is based on the up-to-date global standards of exchange trading. The new market has been designed with regard to the current trends witnessed on the Russian cash equity market and its specific features.
RTS Standard offers CCP trading in anonymous order book without full advance depositing of assets with settlement on T+4. The market hours are from 10.30 am to 11.50 pm MSK. The range of instruments includes top liquid stocks of Russian issuers. RTS Standard also offers portfolio margining with trades made on FORTS, RTS derivatives section, which makes trading in all the instruments possible through using a consolidated cash position.
RTS Standard opens up attractive opportunities for investors including significantly trimmed funding costs, growing trading volumes as a result of a wider range of operations on the cash equity and derivatives markets, trading in Russian stocks in the evening time when trading is held on the leading global exchanges.
CCP guarantees provided on RTS Standard reduce the counterparties’ risks associated with equity trades and borrowing & lending transactions.
The technologies implemented on RTS Standard, which are unique for the Russian securities market, enable all investors to pursue diversified investment strategies.
RTS Standard has been developed in line with the government initiative on establishing a global financial center in Moscow.
RTS Standard will facilitate building up the liquidity of the Russian securities market, curb counterparties’ risks and boost development of the infrastructure. In addition, the new trading venue, where a global standard of trading has been implemented, aims to attract solid foreign investor interest towards the local equity market.
