OREANDA-NEWS. June 8, 2011. June 7, 2011 was the last trading day for June futures contract on the Russian Volatility Index.

Settlement price for the contract amounted to 27.41 points. The contract’s settlement price is calculated based on an average value of the Russian Volatility Index over the evening Settlement period starting from 2:03:15pm MSK to 6:45:00pm MSK.

45 clients’ accounts of 16 clearing members participated in this contract’s settlement which was the first since the start of trading in this futures contract. The volume of settled contracts stood at 3,356 contracts.

Specifications for the futures contract on the Russian Volatility Index

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 2010. At present FORTS has the widest range of instruments in Russia. These are 54 contracts (40 futures and 14 options) on RTS Index, RTS Standard Index, shares of Russian companies, short term interest rates, currency, oil, gasoil, power, gold, silver, and sugar.

The Russian Volatility Index (RTSVX) is the first local stock market benchmark that reflects market participants’ speculations regarding the future movements of the RTS Index, and hence, the movement of the Russian stock market as a whole.