FORTS launched a cash-settled futures contract on raw sugar on October 25, 2010.
At the end of the first two weeks of trading, daily trading volume of cash-settled contracts on raw sugar had grown by more than 20 times. The market turnover in raw sugar futures increased from 147 (as of 25.10.2010) to 3243 (as of 14.11.2010) contracts per day since the launch of the new instrument. At the end of the first two trading weeks the total trading volume of cash-settled futures on raw sugar reached a total value of RUB345 million.
“Globally, raw sugar futures are one of the most highly demanded commodity contracts for both sectoral participants (hedgers) and private traders who use different trading strategies. This fact is related to the very high levels of volatility of world prices on this asset, which means high levels of risks for both raw producers and consumers”, said Evgeny Serdyukov, Director of the Futures & Options Market at OJSC RTS.