FOW goes back to school and trawls through the alphabet to profile an exchange each month that might not initially be on your radar
The derivatives arm of the Russian Trading System Stock
Exchange, known as Forts, was founded in 2001, six years after
the exchange’s initial conception. Just seven
years later, trading value for the whole of 2007 totalled $415
billion and, by the end of May 2008, $392 billion had been
transacted. Its proprietary RTS index future gained 511% in the
first quarter of 2008, making it the fastest-growing
derivatives contract worldwide.
Gold futures are also up 108% year-on-year and gold option
trading is up 24 times on last year’s figure. The
exchange offers futures and options on bonds, short-term
interest rates, FX, equities and indices, as well as
commodities such as oil, metals and sugar.
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