MOSCOW, June 8 (RIA Novosti) - The Russian Trading System, the country's premier stock market, starts Thursday trading in ruble-settled contracts for gold, oil and oil products, the RTS said.
"Russia's first trading in contracts for gold, crude, and oil products will start beginning June 8," the RTS said.
President Vladimir Putin said in his May 10 state of the nation address that Russia, as a leading oil exporting nation, should establish its own oil exchange to trade crude and petroleum products for rubles.
One-month contracts will be traded within the existing futures and options segment of the RTS,
FORTS (Futures&Options). Contacts with monthly settlements this year and until June 2007 will start trading simultaneously. The minimal margin is set at 10% for oil and oil products, and 5% for gold.
The RTS said it would collect a 1-ruble commission for each concluded contract.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.
Users can initiate the recovery of their account / unlock access by contacting the moderators at firstname.lastname@example.org
The letter must contain:
If the moderators deem it possible to restore the account / unlock access, it will be done.
In the case of repeated violations of the rules above resulting in a second block of a user’s account, access cannot be restored.
To contact the team of moderators, write to email@example.com