OREANDA-NEWS. May 05, 2011. Futures contract on raw sugar, SUGR–5.11, (traded on FORTS) and futures contract on wheat, GR-5.11, (traded on OJSC Saint Petersburg Exchange) expired.

In accordance with the contracts’ specifications final settlement prices were calculated on May 3, 2011 and amounted to:

for  SUGR-5.11 – 7,470.31 rubles per kilogram;

for GR-5.11 – 14.10 rubles per ton.

The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ's trading and settlement software; in 1998 the exchange went on line with its own in-house system. Initially created as a non-profit organisation, at the moment RTS is in the process of reorganisation: it is being transformed into a joint-stock company.