Three New Futures on Shares Launched on FORTS
OREANDA-NEWS. May 17, 2011. On May 18, 2011 deliverable futures contracts on ordinary shares of OJSC "FGC UES", OJSC "Uralkali" and preferred shares of OJSC "Surgutneftegas" will start trading on FORTS, the futures and options market of RTS.
Market participants will then be able to execute futures trades on 17 of the most liquid securities of leading Russian issuers from tomorrow.
"Securities in these companies have been in strong demand among investors recently," said Evgeny Serdyukov, Director of the Futures & Options Market at OJSC RTS. "The three new futures on shares will be a useful addition helping to develop financial strategies and will be a tool for minimizing risks during the periods of high volatility levels for these assets".
FORTS, the derivatives market of RTS, is the leading trading venue for futures and options in
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