Russia

RTS bourse to launch domestic oil futures at start of 2007

18:13 22/05/2006

MOSCOW, May 22 (RIA Novosti) - The RTS, Russia's leading stock market, will begin trading ruble-denominated futures for the domestic price of oil and oil products from 2007, RTS Vice President Roman Goryunov said Friday.

The RTS had previously announced it would begin trading futures contracts for the export price of oil.

RTS President Oleg Safonov said RTS had signed an agreement with Platts, a leading international provider of energy information, on providing price data on which oil futures trading would be based.

"Later on we will be able to launch trade and delivery contracts," Safonov said.

The ruble-denominated futures will have a settlement period of one month, and a minimum security guarantee on any contract of 10% of its overall value

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/russia/20060522/48444227.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/russia/20060522/48444227.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">RTS bourse to launch domestic oil futures at start of 2007</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">18:13</span> <span style="color:#5590bf; padding-right:7px;">22/05/2006</span> <span style="font-size:12px;">The RTS, Russia's leading stock market, will begin trading ruble-denominated futures for the domestic price of oil and oil products from 2007, RTS Vice President Roman Goryunov said Friday.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/russia/20060522/48444227.html" title="RTS bourse to launch domestic oil futures at start of 2007">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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RTS bourse to launch domestic oil futures at start of 2007

18:13 22/05/2006 The RTS, Russia's leading stock market, will begin trading ruble-denominated futures for the domestic price of oil and oil products from 2007, RTS Vice President Roman Goryunov said Friday.>>

Other news of the day