Troika Dialog - RTS Standard Trades USD 9.9 mln on First Trading Day
OREANDA-NEWS. August 16, 2010. RTS Stock Exchange launched trading in a totally new instrument for the Russian market – open ended mutual investment index fund "Troika Dialog – RTS Standard". The fund is managed by IC "Troika Dialog". On its first day of trading market participants executed 227 trades in these fund shares to a total value of more than USD9.9 million.
The introduction of these units to trading is the first step in forming ETF (exchange traded fund) analogues in
RTS Standard sets a totally new standard for equity trading in
RTS Standard offers CCP trading in anonymous order book without full advance depositing of assets and with settlement on T+4. The market hours are from 10.00 am to 11.50 pm MSK. The range of instruments includes top 22 liquid stocks of Russian issuers (CHMF, FEES, GAZP, GMKN, HYDR, LKOH, MAGN, MTSS, NLMK, NVTK, PLZL, PMTL, ROSN, SBERP, SBER, SNGSP, SNGS, TATN, TRNFP, URKA, URSI, VTBR).
RTS Standard also offers portfolio margining with trades made on FORTS, RTS’s derivatives section, which makes trading in all the instruments possible using a single, consolidated cash position.
Since March 2010 single stock futures are settled via the unified settlement technology implemented for FORTS and RTS Standard markets. This technology reduces expenses associated with realization of arbitrage strategies and decreases operational risks during delivery, which improves trading efficiency on both the stock and derivatives markets.
IC "Troika Dialog" is the leading independent investment company in the CIS markets. It was set up in 1991. The core lines of business include securities trading, investment banking, direct and venture investments, and personal investments and finance. In addition to its
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