Russian Trading System
From Wikipedia, the free encyclopedia
The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally the RTS was modelled on Nasdaq's trading and settlement software; in 1998 the exchange went on line with its own in-house system. The RTS is a non-profit organization. RTS data is distributed world-wide through major financial information vendors such as Reuters.
Russia's stock market surged 686 percent from 2001 through 2005 - and another 66 percent 2006. [1]
As of february 2007, the RTS Stock Exchange markets are open from 10:30 am untill 6:45 pm Moscow time. [2]
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[edit] Products and services
RTS Classic Market – with ruble- and dollar-settlement, currently trades in more than 300 different securities.
RTS T+0 Market ruble trading "double-auction anonymous market" with full preliminary deposition of assets; trading is settled in rubles.
FORTS – Futures and options trading, with ruble settlement; 8 futures and 5 option contracts available.
RTS Board – the system used for indicative quotation of securities not listed on the RTS.
NQS Bills – Indicative Quotation Systems - the system used for indicative quotation of bills issued by Russian companies; 700 stocks and 500 bills are featured.
RTS Money - over-the-counter real time foreign exchange (FOREX) trading.
Internet trading is available.
[edit] RTS Indices
The RTS Index and the RTS-2 Index are calculated using two different lists of stocks.
The RTS Index, the official Exchange indicator, first calculated on September 1, 1995, is similar in function to the Dow Jones Average in New York City. The Index is computed on thirty-minute intervals using real-time prices of the 30 most liquid stocks listed on the exchange and is relayed to the RTS Web site, RTS workstations and news agencies. The constituent list of stocks is reviewed every three months. The RTS-2 Index is calculated based on second-tier stocks.
