OREANDA-NEWS. December 14, 2010. At the end of the week of December 6-10, 2010 the Exchange’s market of power futures contracts saw a record trading volume – 82,919 contracts or RUB4.8 billion representing more than 6 mln Mwh.

The most active were the market participants who traded contracts on average power price of Ural and Siberia ("Ural" and "East Siberia" hubs).

Trading in futures contracts on an index of average power price in the hubs of the wholesale market of electricity and capacity is a joint project of the OJSC "Moscow Energy Exchange" and RTS Stock Exchange.

Futures contracts on the average power price Index are the  exchange’s first derivatives contracts on the Russian power market which is one of the biggest energy market in Europe. Developing a market in cash-settled futures contracts on power is a joint project of the RTS Group of companies and OJSC "Moscow Energy Exchange".

FORTS, the derivatives market of RTS, is the leading trading venue for futures and options in Russia. Trading on FORTS started in September 2001. According to the Futures Industry Association the derivatives market of RTS is among the TOP-10 global derivatives exchanges based on the results of 2009. At present FORTS has the widest range of instruments in Russia. These are 47 contracts (34 futures and 13 options) on RTS Index, shares of Russian companies, currency, short term interest rates, oil, precious metals, and sugar.

OJSC "Moscow Energy Exchange" is a commodity exchange for energy trading which provides an opportunity for participants of wholesale market of electricity and capacity to trade in non-regulated contracts and futures contracts in an organized way, as well as to establish market price on electricity and capacity.