By Andrei Skvarsky
Euro/dollar and euro/rouble foreign exchange futures contracts launched on the derivatives market of Russian stock exchange RTS were the world's most liquid financial derivatives to take effect in 2009, RTS said on March 9, citing a leading specialist global magazine.
A 2009 ranking list compiled by Futures and Options World (FOW), a magazine on derivatives and risk management, puts RTS's euro/dollar futures contracts in first and the exchange's euro/rouble deals in second place with 13,658,237 contracts of the former and 470,084 of the latter category having been launched last year, RTS said in a press release.
Those contracts are also in the third and the 17th position respectively on an FOW 2009 global liquidity ranking list covering all industries.
In November RTS euro/dollar and euro/rouble futures contracts won FOW's "Best Innovation in Product Design 2009 – Eastern Europe" award.
RTS said FORTS's extension of its foreign exchange contracts line had been a significant contribution to hedging strategies used in today's turbulent global foreign exchange markets.
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