OREANDA-NEWS. April 22, 2011. On April 23, 2011 RTS Stock Exchange will mark the second anniversary of the launch of RTS Standard, the state-of-the-art cash equity market with cutting-edge technologies employed worldwide.

Over two years total trading volume on RTS Standard amounted to 5.765 trillion rubles. In 2011 average daily trading volume reached 13.7 billion rubles compared to 8.8 billion rubles in 2009.

34 instruments are traded currently on RTS Standard. These are the most liquid shares of the leading Russian issuers and fund units of the open-end mutual index fund "Troika Dialog - RTS Standard Index".

RTS Standard features are as follows:

No 100% advance depositing of assets.

Standard T+4 settlement.

Central Counterparty guarantees for trades settlement.

Trading session lasts from 10:00 am to 11:50 MSK.

Portfolio-style approach to margining spot and derivatives markets positions.

RTS Standard provides an opportunity to enter into repo trades in both the regular direct trading mode as well as in unique anonymous trading mode (in the repo order book) with the involvement of the Central Counterparty (CCP). The CCP resolves the bilateral credit limits issue and provides settlement guarantees.

The launch of RTS Standard, the cash equity market with CCP guarantees and reliable risk-management system was a response to the events of 2008.  Over that period numerous failures to perform obligations experienced by participants of the repo market resulted in a deep crisis of the whole Russian financial market.  At the same time all obligations on FORTS, the derivatives market of RTS, were fulfilled, due to the proven risk-management system. And RTS Stock Exchange demonstrated once again its ability to manage risks.  It was obvious that further development of the domestic stock market should be aimed at creating trading technologies with Central Counterparty ensured settlement of the obligations.

RTS Stock Exchange would like to thank everybody who contributed to the development of RTS Standard.