OREANDA-NEWS. September 20, 2012. On September 17, 2012 the last contract, the US dollar futures, ceased trading on the MICEX Derivatives market. Thereby, a consolidation of two derivatives markets, FORTS and MICEX, has been completed.

The consolidation process was launched in December 2011. For less than one year Moscow Exchange has established a single domestic market for derivatives financial instruments combining best products and technologies of these two venues.

“The major contribution made by the MICEX market to the Moscow Exchange Derivatives market is the team of talented employees that is developing the united market actively now”, said Roman Sulzhik, Managing Director of the Derivatives Market at Moscow Exchange.

In the course of the integration process some effective business solutions were added to the FORTS, the futures and options market of Moscow Exchange, due to the MICEX Derivatives market:

launch of the MICEX Index futures contract on FORTS;

optimization of settlement procedure for the USD/RUB FX futures (the contract is among the most liquid contracts on the market);

application of successful experience of launching futures on the RUONIA rate (this futures is planned to be introduced till the end of the year).

At the moment the Moscow Exchange Derivatives market is ranked 9th out of global leading derivatives trading venues. The futures contract on the RTS Index is the most liquid instrument of the Russian stock market and it enters the top 10 most liquid stock derivatives worldwide.