OREANDA-NEWS. June 27, 2011. OJSC RTS and RTS Clearing Center launch a new service within the FORTS and RTS Standard markets – trading using Segregated accounts.

Using a special scheme of portfolio margining, opportunities to link trading accounts and accounts used for transferring cash funds as well as managing the process of transferring cash funds to the linked accounts will allow investors to reduce operational and infrastructure risks.

The implementation of the service is in line with the global experience and represents an important step forward in developing the Russian market as it should attract a wider range of investors to FORTS and RTS Standard (primarily non-residents and institutional investors) and boost securities and derivatives trading volumes growth. The service is provided within the RTS Money service.

"The emergence of trading with segregated accounts is an extremely timely and important step for the further development of the Russian financial market", said Grigoriy Isaev, Head of the futures trading group of the Global Markets department at Troika Dialog. "The new service will appeal to wider groups of investors because of the decreasing infrastructure risks and the positive impact on liquidity". 

According to Aleksandr Dubrov, Head of internet trading on the Russian stock market at BKC Financial Group "An additional number of institutional investors will be allowed to start trading by implementing the service. These will include non-residents whose market policy does not allow large limits on a specific market operator or indeed any limits. Such an approach will ensure a large flow of liquidity to the market.  We believe that together with other measures taken by RTS Stock Exchange the number of large institutional investors will increase and volatility levels will fall and these trends correspond to the policy of qualitative improvement of the Russian market".

"This innovation reduces infrastructure risks, gives brokers an opportunity to attract a new group of rich investors to the market and represents a next stage in building the state-of-the-art financial center. The service was needed long ago and it will be in demand among market professionals", said Vladimir Tvardovskiy, CEO at JSC "Investment Company ITInvest"