Russian Trading System
Encyclopedia
The Russian Trading System is a stock market
established in 1995 in Moscow
, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ
's trading and settlement software; in 1998 the exchange went on line with its own in-house system. Initially created as a non-profit organisation, at the moment RTS is in the process of reorganisation: it is being transformed into a joint-stock company. 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 in 2006.
The RTS Stock Exchange markets are open from 10:00 till 23:50 Moscow time (GMT+3).
- and dollar
-settlement, currently trades in more than 600 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; 39 futures and 19 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.
.
The RTS Index
, RTSI, the official Exchange indicator, first calculated on September 1, 1995, is similar in function to the Dow Jones Average in New York City
.
RTSI is computed on thirty-minute intervals using real-time prices of the 50 most liquid Russian 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 3 months.
The RTS-2 Index is calculated based on the list of 69 second-tier stocks. The performance over the decade 1998 till 2008 of the RTS Index has been the highest in the world after adjusting for currency effects.
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
established in 1995 in Moscow
Moscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
's trading and settlement software; in 1998 the exchange went on line with its own in-house system. Initially created as a non-profit organisation, at the moment RTS is in the process of reorganisation: it is being transformed into a joint-stock company. RTS data is distributed world-wide through major financial information vendors such as Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
.
Russia's stock market surged 686 percent from 2001 through 2005 - and another 66 percent in 2006.
The RTS Stock Exchange markets are open from 10:00 till 23:50 Moscow time (GMT+3).
Products and services
RTS Classic Market – with rubleRussian ruble
The ruble or rouble is the currency of the Russian Federation and the two partially recognized republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Russian Empire and the Soviet Union prior to their breakups. Belarus and Transnistria also use currencies with...
- and dollar
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...
-settlement, currently trades in more than 600 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
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
and options
Option (finance)
In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
trading, with ruble settlement; 39 futures and 19 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
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
(FOREX) trading.
Internet trading
Investing online
Investing online, or self-directed investing, has become the norm for individual investors and traders over the past decade with many, if not all brokers now offering online services with unique trading platforms.-Overview:...
is available.
RTS Indexes
The RTS Stock Exchange calculates and publishes 9 indexes: RTS Index, RTS-2 Index, and 7 sectoral indexes. The RTS Index and the RTS-2 Index are calculated using two different lists of stocksStocks
Stocks are devices used in the medieval and colonial American times as a form of physical punishment involving public humiliation. The stocks partially immobilized its victims and they were often exposed in a public place such as the site of a market to the scorn of those who passed by...
.
The RTS Index
RTS Index
The RTS Index is an index of 50 Russian stocks that trade on the RTS Stock Exchange in Moscow. The list of stocks is reviewed every 3 months by the RTS Information Committee.The index value is calculated in a real-time mode...
, RTSI, the official Exchange indicator, first calculated on September 1, 1995, is similar in function to the Dow Jones Average in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
RTSI is computed on thirty-minute intervals using real-time prices of the 50 most liquid Russian 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 3 months.
The RTS-2 Index is calculated based on the list of 69 second-tier stocks. The performance over the decade 1998 till 2008 of the RTS Index has been the highest in the world after adjusting for currency effects.
See also
- Moscow Interbank Currency ExchangeMoscow Interbank Currency ExchangeThe Moscow Interbank Currency Exchange or MICEX is one of the largest universal stock exchanges in the Russian Federation and East Europe. MICEX opened in 1992 and is the leading Russian stock exchange...
- RTS IndexRTS IndexThe RTS Index is an index of 50 Russian stocks that trade on the RTS Stock Exchange in Moscow. The list of stocks is reviewed every 3 months by the RTS Information Committee.The index value is calculated in a real-time mode...
- Russian mergers and acquisitions market in 2009Russian mergers and acquisitions market in 2009The Russian mergers and acquisitions market in the first half of 2009 fell by half lower than in 2008. According to the information-analytical group of MAonline, the capacity of Russia's market of mergers and acquisitions up to the I half of 2009 amounted to US $ 46,16 billion, the sum of 314...