Results of the Competition Clash of Titans, February May 2013

Transcription

1 Results of the Competition Clash of Titans, February May 2013

2 Goals and objectives of the Competition Clash of Titans Goal: to improve the quality of the order book for derivative instruments. Objectives: o to increase the number of large trades o to increase average trade volume o to decrease slippage for large orders o to boost trading volumes through book orders rather than through direct trades and OTC 2

3 Requirements for the Competition Clash of Titans, February May To determine the result will be considered the indirect trades executed based on large passive orders. 2. The Competition Winners will be the top 10 Participants by the max trading volume reached in a specific category. 3. The Competition held on the monthly basis. 3

4 The Competition Clash of Titans, February May Derivative instruments in competition: Category Equity Index futures Instrument Nearby and the most distant RTS Index futures contract February March RIH3, RIM3, RIU3 April May RIM3, RIU3 Minimum order size, contracts Nearby MICEX Index futures contract MXH3, MXM3 MXM Sberbank ordinary shares futures contract SRM3 500 Gazprom ordinary shares futures contract GZM3 400 LUKOIL ordinary shares futures contract LKM3 200 Equity futures MICEX Index futures VTB Bank ordinary shares futures contract VBM3 300 Rosneft ordinary shares futures contract RNM3 50 MMK NORILSK NICKEL ordinary shares futures contract Sberbank preferred shares futures contract GMM3 30 SPM3 200 Nearby MICEX Index futures contract MXH3, MXM3 MXM

5 Terms of the Competition in February May According to the instruments indicated in the category Equity futures, the following trading volumes will be applied: for Sberbank ordinary shares futures contract - no more than 40% of the total trading volume; for Gazprom ordinary shares futures contract no more than 30% of the total trading volume; for LUKOIL ordinary shares futures contract - no more than 30% of the total trading volume. 5

6 Terms of the Competition in February May Money prize: Place Main category Additional category Equity Index futures" Equity futures" MICEX Index futures" 1 st place RUB 600,000 RUB 400,000 RUB 300,000 2 nd place RUB 300,000 RUB 200,000 Money prize is distributed among winners proportionally to their trading volumes: 1-10 places RUB 2,100,000 RUB 1,400,000 6

7 February May results of The Competition Clash of Titans Equity Index Futures (February May 2013) 1) Monthly average turnover of Equity Index Futures 116 bln RUB. Maximum results were in March, where turnover of these instruments reached 165 bln RUB, that matches 6,5% of total turnover of Equity Index Futures, while this value of RTS Index future was 10%, MICEX Index future 47%. 2) Comparing to last year volume of average trade size of RTS and MICEX Index Futures increased by 34% and 33%, respectively. 3) Slippage for large orders (from 100 lots and more) decreased at 16% in average calculation, in February and March this volume reached 32%. 4) Comparing to the period before the Competition the number of large trades of RTS Index futures is 4 times higher, MICEX Index Futures 25 times. 5) Number of participants more than 40. 7

8 February May results of The Competition Clash of Titans Table 1. The number of large trades on RTS Index Futures Number of trades per two months prior to the launch of competitions (average number of contracts per a week) 0-15 contracts in a trade contracts in a trade contracts in a trade contracts in a trade 1,545,977 6,919 3, ,00 Month 0-40 contracts in a trade Changes vs 2 months prior to the Completion contracts in a trade contracts in a trade February ,77% 53,29% 170,97% March ,08% 99,42% 380,69% April ,64% 11,79% 371,71% May ,81% 67,70% 217,84% 8

9 Trade volume February May results of The Competition Clash of Titans The average trade volume of RTS Index futures, contracts Before competition Duaring Competition 3,9 3,7 3,5 3,3 3,1 2,9 2,7 Average trade volume in ,5 2,3 9

10 February May results of The Competition Clash of Titans Equity futures (April - May 2013) 1) Monthly average turnover of Equity Futures was 5 bln RUB. Maximum results were in May, where turnover of these instruments reached 7 bln RUB, that matches 2,2% of total turnover of Equity Futures. 2) Comparing to last year volume of average trade size of Equity Futures increased by 40%. 3) Number of participants more than

11 CONTACTS Ekaterina Zakharova, +7 (495) , ext Nikolay Trunichkin, +7 (495) , ext

12 Disclaimer This presentation has been prepared and issued by Open Joint Stock Company "MICEX-RTS" (the Company ). Unless otherwise stated, the Company is the source for all data contained in this document. Such data is provided as at the date of this document and is subject to change without notice. This document does not constitute or form part of, and should not be construed as, an offer or invitation for the sale or subscription of, or a solicitation of any offer to buy or subscribe for, any securities, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any offer, contract, commitment or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of the Company. The information in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information or opinions contained herein. None of the Company, or any of its subsidiaries or affiliates or any of such person's directors, officers or employees, advisers or other representatives, accepts any liability whatsoever (whether in negligence or otherwise) arising, directly or indirectly, from the use of this document or otherwise arising in connection therewith. This presentation includes forward-looking statements. All statements other than statements of historical fact included in this presentation, including, without limitation, those regarding our financial position, business strategy, management plans and objectives for future operations are forwardlooking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance, achievements or industry results to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we expect to operate in the future. Important factors that could cause our actual results, performance, achievements or industry results to differ materially from those in the forward-looking statements include, among other factors: perception of market services offered by the Company and its subsidiaries; volatility (a) of the Russian economy and the securities market and (b) sectors with a high level of competition that the Company and its subsidiaries operate; changes in (a) domestic and international legislation and tax regulation and (b) state policies related to financial markets and securities markets; competition increase from new players on the Russian market; the ability to keep pace with rapid changes in science and technology environment, including the ability to use advanced features that are popular with the Company's and its subsidiaries' customers; the ability to maintain continuity of the process of introduction of new competitive products and services, while keeping the competitiveness; the ability to attract new customers on the domestic market and in foreign jurisdictions; the ability to increase the offer of products in foreign jurisdictions. Forward-looking statements speak only as of the date of this presentation and we expressly disclaim any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this presentation as a result of any change in our expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Presentation title goes here (Verdana 11 pt) Date 12