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Market History
2004
22 January
The volume of open positions in US dollar futures in the MICEX Derivatives (Standard Contracts) Market Section exceeded 20 million US dollars. This is the highest figure since October 2003, when a group of banks agreed to maintain permanent bilateral quotations of US dollar futures for the whole depth of the market.
3 February
In the first month of 2004, record figures of turnover and open positions were reached in the MICEX Derivatives (Standard Contracts) Market Section after the crisis of 1998. Over 19 trading days of January, the trading volume exceeded 29 million dollars. The average daily turnover grew 1,8 times, as compared with December 2003, and amounted to about 1,6 thousand contracts a day.
18 May
As a result of the first quarter, the volume of trading in futures on the exchange rate of the US dollar in the MICEX Derivatives (Standard Contracts) Market Section amounted to 2,2 billion rubles (76,7 million dollars). At the end of the quarter, the volume of open positions amounted to over 10 million dollars. The maximum number of open positions reached the level of 24,4 million dollars. Open positions were distributed evenly enough over the whole depth of the market.
3 June
Futures with the time of circulation up to 1 year with execution in December 2004 and March 2005 were put into circulation in the MICEX Derivatives (Standard Contracts) Market Section. In the past, futures on the US dollar were in circulation, which had the tme of execution (depth of contract) up to 6 months. New futures will be put into circulation every quarter with execution in March, June, September and December. The dates of execution will coinside with the dates of execution of similar contracts on the Chicago Mercantile Exchange (the 15th day of each month of execution).
30 July
The first transaction in the futures contract, to be executed in June 2005, was concluded in the MICEX Derivatives (Standard Contracts) Market Section.
18 August
In the MICEX Derivatives (Standard Contracts) Market Section, the maximum daily turnover of currency futures (20,35 million US dollars) was reached after the resumption of trading in November 2000.
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Derivatives Market
