Fund Units Managed by CJSC "MC "SM.art" Start to Be Traded
OREANDA-NEWS. On 17 April 2008 was announced, that trading in the following securities included into Quotation list "B" will start on OJSC "RTS":
Fund units of "SM.art-Square meters" real estate investment fund managed by CJSC "Management Company "SM.art", Classic Market ticker – SMARSM, T+0 Market ticker – SMARSMG.
The Exchange executive body has set the following starting price for the first trading day and price limits for orders:
For SMARSMG – 1 032 rubles (price limits +/- 35%);
For SMARSM – the starting price is calculated in US dollars at the Central Bank exchange rate as of April 14th, 2008 on the basis of the starting price set for SMARSMG (price limit - +/- 35%).
The RTS Classic market is the oldest organized stock market in Russia – started its work on July 5th 1995. The prices that are being formed on the Classic market are a well-acknowledged guideline for the investors who make deals with Russian shares and depositary receipts for them. Information on trading on RTS is transmitted to a large number of clients in Russia and abroad and is a basis for calculating the main benchmark of the Russian stock market – RTS Index.
Trading on securities on T+0 market of OJSC RTS is held on the basis of anonymous trading of Order-Driven Market via technology "Delivery Versus Payment" with 100% depositing of assets.
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