Trading Volume in Oil Futures on RTS Exceeded 60 Thousand Contracts
OREANDA-NEWS. On 19 January 2009 was announced, that on January 16, 2009 a new record was set on Futures and Options market (FORTS).
During the day-time trading session trading volume in futures contracts on Brent and Urals crude oil reached 60 057 contracts. Market participants made in total 2444 trades on these futures contracts.
A wide range of FORTS derivatives instruments, including commodities contracts, gives investors a great number of opportunities. Futures on two types of oil allow arbitrage transactions between Brent and Urals, and also give an opportunity to arbitrage contracts on various underlying assets in one system.
"Having all quotes in one order book is very convenient, because it allows market participants to make transactions in contracts on various underlying assets more effectively and build profitable investment strategies", says RTS CEO Roman Goryunov.
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 46 contracts (29 futures and 17 options) on shares of Russian companies, bonds, short term interest rates, currency, RTS Index, oil, silver, gas oil, sugar and gold.
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