Conjuncture

Yesterday, a joint meeting of the RTS Derivatives Market Committee, the MICEX Derivatives Market Committee and the MICEX Derivatives Market Section Council took place, at which market participants discussed the plan for integrating the derivatives markets of the two exchanges (Kommersant wrote about it in detail yesterday). “The meeting participants agreed with the proposed approach to integrating the MICEX and RTS derivatives markets: at the end of December 2011, all MICEX and RTS derivatives markets will have one trading organizer (MICEX CJSC) and one clearing organization (RTS Clearing Center CJSC),” it says in a message from the united exchange. At the same time, the MICEX and RTS derivatives instruments will be retained until the end of the year. As stated in the message of the united exchange, representatives of the committees and market participants instructed the management of the exchanges to develop regulatory documents for the functioning of derivatives markets within the framework of the adopted integration concept, to develop a plan for combining identical instruments with a view to their development on one of the trading and clearing platforms, including preparing proposals to unify tariffs in all sections of the derivatives market of the united exchange. "Prime"

The derivatives market is not uniting quickly