OREANDA-NEWS. February 25, 2011. On March 1, 2011 FORTS, the futures and options market of RTS, will see the first settlement of a cash-settled futures contract on raw sugar.

March contracts will be traded until 6.45 pm MSK of February 28, 2011.

In accordance with Clause 4.7 of the Specifications for the cash-settled futures contract on raw sugar, a settlement price fixed on the ICE Futures U.S. as of the last trading day for March futures contract and converted from US cents per one pound into rubles per one kilogram will be used for the settlement. This settlement price is published on the website www.theice.com.

OJSC RTS will inform market participants about possible increases in volatility levels on the market over the last trading days of the No. 11 sugar futures contract. Increases in volatility levels may be caused by speculative investors who wish to close positions and also by participants of the sugar market who will accumulate necessary volumes of deliveries. Therefore, it will also be possible to see increased volatility on FORTS during the last trading days of the cash-settled futures contract on raw sugar.