FORTS Launched Futures-Style Options on 12 Futures
OREANDA-NEWS. November 16, 2009. Starting from November 16, 2009 on FORTS, futures and options market on RTS, futures-style options on the following underlying assets will be launched:
Futures on Gazprom shares
Futures on LUKOIL shares
Futures on Sberbank ordinary shares
Futures on USD/RUB
Futures on gold.
In the near future futures-style options on the following underlying assets will also be launched:
Futures on silver
Futures on MMC NORILSK NICKEL ordinary shares
Futures on Polyus Gold ordinary shares
Futures on Rosneft ordinary shares
Futures on Surgutneftegas ordinary shares
Futures on Transneft privileged shares
Futures on VTB Bank ordinary shares
The options contracts that are already trading with the settlement date in 2010 will be replaced with futures-style options so far as they are settled.
For the first time Futures-style options on the RTS Index futures were launched on February 27, 2009. The first size of delivery of the futures-style options on the RTS Index futures stood at 2,636,048,233.26 roubles or 55,020 contracts which exceeded the size of the previous delivery by more than 3 times.
Futures-style options are a completely new instrument on the Russian derivatives market which open up major new opportunities for market participants. Introduction of this instrument will allow market participants to receive daily liquidity on profitable positions without executing or selling an options contract. Thanks to the single system of revaluation, market participants can manage portfolios comprised of futures and options more effectively, providing for a qualitative development of the options market.
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