OREANDA-NEWS. On 06 June 2008 was announced, that in accordance with the recommendation issued by the Derivatives Market Committee starting from June 5th, 2008 JSC "RTS" Clearing Center" will accept JSC VTB Bank ordinary stocks as initial margin on FORTS.

The maximum number of JSC VTB Bank stocks accepted from one Settlement Company shall not exceed 200 000 000 units. The discount coefficient employed in calculation of the evaluation price for the stocks shall be 0,3.

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.