OREANDA-NEWS. October 06, 2010. Representatives of RTS Stock Exchange and the Russian Union of Sugar Producers held a working meeting on the development of the RTS derivative market on sugar.

Bodin A.B., President of the Union, Goryunov R.Yu., Chief Executive Officer of RTS, along with  managers and experts of companies operating in the Russian sugar market, including Sugar company "Razgulai", "Dominant" Group of companies, "Cargill", "Sucden",  "Louis Dreyfus Commodities", "Trio" and others were present at the meeting.

During the meeting the participants reviewed the issues concerning the development and activation of sugar companies working in the market of deliverable futures on sugar, as well as the prospects of launching a cash-settled futures on raw sugar at RTS. A futures contract on sugar is the most demanded exchange instrument on the agricultural market worldwide. According to the opinion of those present at the meeting, RTS futures contracts on sugar and raw sugar would be  highly demanded among market participants in conditions of high levels of volatility on Russian and global markets. Therefore, it is necessary to develop this area of the commodity market very quickly.

FORTS, the derivatives market of RTS, is the leading trading venue for futures and options in Russia. Trading on FORTS started in September 2001. According to the Futures Industry Association the derivatives market of RTS is among the TOP-10 global derivatives exchanges based on the results of 2009. At present FORTS has the widest range of instruments in Russia. These are 47 contracts (34 futures and 13 options) on RTS Index, shares of Russian companies, short term interest rates, currency, oil,  gold, silver, and sugar.