May 4, 2008

The trading volume in the MICEX derivatives market for April-08 totaled 411,4 billion RUB ( 16,9 million contracts). The total open interest at the end of the month — 159,2 billion RUB (6,4 million contracts)

	April-08	Change to	March-08	February-08
USD/RUB futures
Trading volume (contracts)*	16 877 050	85%	9 106 180	8 291 446
Trading volume (RUB mln)	402 156	84%	218 666	205 057
Quantity of transactions	540	41%	382	441
Open interest, end of month ((contracts)*	6 403 560	22%	5 241 005	6 268 150
Open interest, end of month (RUB mln)	152 974	23%	124 607	152 058
Interest rates futures
Trading volume (contracts)**	911	151%	363	1 103
Trading volume (RUB mln)	9 084	151%	3 620	10 987
Quantity of transactions	44	144%	18	76
Open interest, end of month (contracts)**	620	26%	492	643
Open interest, end of month (RUB mln)	6 186	26%	4 905	6 407
MICEX Index Futures
Trading volume (contracts)***	3 641	-11%	4 080	4 465
Trading volume (RUB mln)	121	-9%	133	148
Quantity of transactions	310	61%	193	235
Open interest, end of month (contracts)***	110	-49%	215	233
Open interest, end of month (RUB mln)	4	-47%	7	8
Total
Trading volume (contracts)	16 881 602	85%	9 110 623	8 297 014
Trading volume (RUB mln)	411 361	85%	222 419	216 192
Quantity of transactions	894	51%	593	752
Open interest, end of month (contracts)	6 404 290	22%	5 241 712	6 269 026
Open interest, end of month (RUB mln)	159 164	23%	129 519	158 473

* Trading unit — $1000. ** Trading unit — RUB 10 mln. *** Trading unit — RUB 20 times MICEX Index

The largest trading volume on April-08 was in USD/RUB futures totaling 16 877 050 contracts per month

Code	Contract month	Trading volume (1000 RUB )	Trading volume (contracts)	Share in trading volume
FSUSD84	April-08	7 579 617	321 355	2%
FSUSD85	May-08	122 446 334	5 196 820	30%
FSUSD86	June-08	46 219 820	1 951 125	11%
FSUSD87	July-08	27 519 700	1 160 000	7%
FSUSD88	August-08	5 329 810	225 000	1%
FSUSD89	September-08	16 324 151	686 750	4%
FSUSD8A	October-08	16 315 525	685 000	4%
FSUSD8C	December-08	49 681 386	2 072 000	12%
FSUSD93	March-09	110 739 847	4 579 000	28%
FSUSD96	June-09	0	0	0%
Total:		402 156 190	16 877 050	100%

The largest OI at the end of the month was in USD/RUB futures totaling 6 403 560 contracts

Code	Contract month	Open interest, end of month (1000 RUB)	Open interest, end of month (contracts)	Share in open interest
FSUSD84	April-08	0	0	0%
FSUSD85	May-08	30 256 232	1 276 295	20%
FSUSD86	June-08	16 992 024	715 755	11%
FSUSD87	July-08	15 498 040	652 000	10%
FSUSD88	August-08	3 453 538	145 000	2%
FSUSD89	September-08	28 857 930	1 211 500	19%
FSUSD8A	October-08	7 294 075	305 000	5%
FSUSD8C	December-08	28 571 780	1 188 510	19%
FSUSD93	March-09	22 050 828	909 500	14%
FSUSD96	June-09	0	0	0%
Total:		152 974 446	6 403 560	100%