OREANDA-NEWS.  On Friday, October 5, trade volume on the derivatives market of the MICEX Stock Exchange has reached its historical maximum, the SE's press office reported. During the day, 23 transactions in the MICEX Index futures were concluded to the total amount of 90.1 million rubles (2700 contracts), the SE's press office reported. This is a new maximum daily figure of trade volume for this type of contract. The previous maximum figure of 1965 contracts (65 million rubles) was recorded on 30 August 2007. Open interest grew to a record figure of 2900 contracts (104.5 million rubles), having increased more than 2 times during the first week of October (at the end of September open interest amounted to 1366 contracts).

The growth of trading was caused by the increased number of participants in this market instrument, the main advantages of which are its ruble-denominated price, which excludes exchange risks, the enormous liquidity of the market for the underlying asset and the organization of trading in the futures and the underlying asset (spot-market for shares) in the framework of a single organizational, technological and settlement basis. Market makers provide regular bilateral quotations for the MICEX Index futures. In early October, the circle of these market makers was joined by KIT Finance Company.