Record Trading Volume in Gold Futures on RTS Exceeded RUR 2 bln
OREANDA-NEWS. On 02 July 2008 was announced, that a new trading record was achieved on FORTS, RTS derivatives section. By the close of the primary trading session the daily trading volume in gold futures totalled 96,223 contracts or 2.03 billion roubles.
The previous record was set on June 10th, 2008 when the trading volume reached 91, 890 contracts or 1.9 billion roubles.
Unprecedented trading volume has been attracted to gold as a result of unstable conditions in many financial markets.
FORTS, the derivatives market of RTS, is a leading trading venue for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest range of instruments in Russia. These are 64 contracts (46 futures and 18 options) on shares of Russian companies, bonds, short-term interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold.
Trading volume on FORTS in 2007 grew threefold and reached 297.41 bln dollars or 144.9 million contracts . Compared with 2006 the number of trades increased more than twofold and reached 11.7mln. Total open interest at the end of the year equalled 14.7 bln rubles in cash or 3.2 million contracts. FORTS also saw a record day’s trading in 2007 when the value of all contracts traded reached 5.2 bln dollars on December 13th, 2007.
Комментарии