OREANDA-NEWS. September 7, 2010. In September 2010, futures and options will be settled through the unified settlement technology implemented on FORTS and RTS Standard.

Settlement schedule:

September 14

The last trading day for single stock futures and options on single stock futures.

During the evening clearing session (6:45 -7.00 pm MSK), options on single stock futures will be settled (if there is an order).
During the evening clearing session, single stock futures will be settled via the execution of trades on RTS Standard with settlement on September 21.

The additional evening trading session will start at 7:10 pm MSK.

September 15

The last trading day for options on the RTS Index futures and futures on RTS Indices (RTS Index, RTS Standard Index, Sectoral Indices).
During the period from 3:00pm to 4:00pm, settlement prices of futures on RTS Indices will be calculated (on the basis of the average value of the relevant index for the above-noted period).

During the evening clearing session, options on the RTS Index futures will be settled (in-the-money options will be settled automatically).
During the evening clearing session futures contracts on indices will be settled.

The additional evening trading session will start at 7:10 pm MSK.

September 21

At 5:00 pm, MSK delivery for trades executed on RTS Standard on September 14 will take place in order to settle single stock futures.

Single stock futures will be settled through the execution of trades with settlement on T+5 (after the clearing session the new trading day will begin, and the trade’s settlement day will automatically be changed to Т+4) at the futures’ settlement price. Trading in those instruments  with settlement on T+4 will take place on the RTS Standard market anonymously, which will give the opportunity to manage trading  positions gained after the single stock futures have been settled  during the trading day on September,15.

As a result, market participants obtaining shares after the futures settlement will have an opportunity to influence the settlement prices of RTS Index futures due to the fact that prices of shares traded on the RTS Standard market are included in the RTS Index, RTS Standard Index and sectoral indices.

More information on unified settlement technology is available at the workshop  ‘Unified settlement on  FORTS and RTS Standard markets: Settlement in September’ which will be held on September 9, 2010 at the RTS Stock Exchange conference-hall located at the following address:  4/7, Vozdvizhenka Str, Bld 1, Moscow. To participate you should register in advance.

Unified settlement is a technology for simultaneous settlement of deliverable single stock futures on FORTS and equity trades executed on RTS Standard that increases the effectiveness of trading on the derivatives and cash equities markets.

FORTS currency section has the widest range of instruments in Russia. Currently there are 3 futures contracts on the USD/RUB, EUR/USD and EUR/RUB exchange rates as well as 2 options contracts on the USD/RUB, EUR/USD exchange rates. According to the Futures Industry Association RTS futures contract on the USD/RUB exchange rate has entered the TOP-10 of the most liquid instruments with currency as underlying asset in the world.