Open interest in futures contracts on a basket of federal loan bonds reached a record value of USD54,801,396 (RUB1,557,948,892) at the close of trading on March 31.
‘From the moment of launching trading in futures on a basket of federal loan bonds we have seen a growing market demand for this instrument. According to our appraisal this instrument may become one of the most important contracts among market professionals’, comments Evgeny Serdyukov, Director of the Futures & Options Market at OJSC RTS.
Trading in deliverable futures contracts on a basket of federal loan bonds started on February 17, 2011 on FORTS. Contracts’ code in the trading system is (OFZ). The underlying assets of the futures are 2-year and 4-year federal loan bonds.