GL TRADE has reported it will offer connectivity to FORTS (Futures and Options on RTS), the Derivatives Division of the RTS Stock Exchange.
FORTS was launched in September 2001, and GL TRADE will provide access to FORTS via its Direct Market Access Technology as well as through the GL NET.
Automated Order Routing via GL NET, GL TRADE’s proprietary network, is designed for clients handling high transaction volumes. Through the GL NET network they can trade on markets without necessarily being members. The service offers the same speed and efficiency of order execution as for members of the market connecting directly to the FORTS central trading engine.
“The derivatives market is the fastest growing segment of the Russian securities market, and FORTS is the ultimate leader of that segment,” says Roman Gorunov, head of FORTS. “Our product line includes single stock futures, interest rate futures, the Moscow City Government bond futures and other instruments. The latest addition to our offerings, the RTS Index futures contract that uses the RTS Index, the benchmark of the Russian securities market, as the underlying asset, has quickly become one of the most popular instruments on FORTS.”