OREANDA-NEWS. September 15, 2010. During the first month of trading units of the open-end mutual investment index fund "Troika Dialog - RTS Standard", the turnover amounted to over RUB 3,258 mln.

Market participants have shown high levels of interest in this new exchange-traded instrument that considerably broadens their investment opportunities to now include arbitrage operations and hedging of market risks.

We would like to remind you that the open-end mutual investment index fund "Troika Dialog - RTS Standard", under the management of IC "Troika Dialog", is the first ETF (exchange traded fund) analogue in Russia (which are the most liquid and needed instruments among all groups of investors globally). The new Russian Exchange instrument fully corresponds with the RTS Standard Index, thus allowing the opportunity to form the most balanced investment portfolio with low level of costs.

RTS Standard sets a totally new standard for equity trading in Russia. It facilitates building up the liquidity of the Russian securities market, curbs counterparties’ risks and boosts development of the infrastructure. It aims to attract substantial international investor interest into the local equity market due to the applied global standards of trading.

RTS Standard offers CCP trading in anonymous order book without full advance depositing of assets and with settlement on T+4. The market hours are from 10.00 am to 11.50 pm MSK. The range of instruments includes top 23 liquid stocks of Russian issuers (CHMF, FEES, GAZP, GMKN, HYDR, LKOH, MAGN, MTSS, NLMK, NVTK, PLZL, PMTL, ROSN, SBERP, SBER, SNGSP, SNGS, TATN, TRNFP, URKA, URSI, VTBR) and open-end mutual investment index fund "Troika Dialog - RTS Standard".

RTS Standard also offers portfolio margining with trades made on FORTS, RTS’s derivatives section, which makes trading in all the instruments possible using a single, consolidated cash position.

Since March 2010 single stock futures are settled via the unified settlement technology implemented for FORTS and RTS Standard markets. This technology reduces expenses associated with realization of arbitrage strategies and decreases operational risks during delivery, which improves trading efficiency on both the stock and derivatives markets.

IC "Troika Dialog" is the leading independent investment company in the CIS markets. It was set up in 1991. The core lines of business include securities trading, investment banking, direct and venture investments, and personal investments and finance. In addition to its Moscow location, Troika Dialog has a presence in 20 Russian cities and 5 international offices, in New York, London, Kiev, Almaty and Nicosia. The company’s customer base includes front-rank local and global companies, financial institutions, government agencies and wealthy individuals.