OREANDA-NEWS. January 27, 2011. On February 14, 2011 RTS will launch a new service - RTS Money - which will allow a wide range of market participants to undertake foreign exchange operations associated with positions on FORTS and RTS Standard.

RTS Money is a new stage in the RTS’s consistent process of creating a complete cycle of services for trading on the exchange. RTS Money will allow market participants to manage efficiently currency risks and liquidity, supporting new business developments by companies and attracting other customers.

The technological reliability and broad range of  opportunities of the FORTS and RTS Standard are the base of RTS Money service. Positions on FORTS, RTS Standard and RTS Money can be consolidated in the clearing and settlement processes.  RTS Money addresses the currency risk management elements of this activity, and reduces the collateral costs.

Within the framework of this project market participants can execute foreign exchange transactions with RTS Settlement Chamber using partial advanced depositing of assets. RTS Settlement Chamber is licensed to conduct banking operations in rubles and foreign currencies.  RTS Money will operate during the RTS’s main and additional sessions, i.e. from 10.00am to 23.50pm MSK.  

"Establishing RTS Money service will improve considerably the appeal of the Russian market for international investors, providing the opportunity to manage currency risks while trading on the stock market. This opportunity is one of the main requirements of global investors in the Russian markets, and the implementation of RTS Money will enhance market liquidity", comments Roman Goryunov, CEO of OJSC RTS. "During periods of high volatility on currency markets this service will be attractive for both international and Russian investors."