Well, since there is WLD6 with schedules from Finam and a residence permit in the Russian Federation, it is a sin not to trade futures on the RTS index if it is so popular among Russian traders. In fact, I have an abandoned trading account at VTB24 bank, in which a small portfolio of shares was purchased somewhere in 2005 year. But looking more closely, found that there were no futures in my account — probably they opened an account for me only for the MICEX, but not sure exactly — at least, apart from the MICEX instruments, I did not find anything in the terminal, although in fact in this terminal the devil himself will break his head…. Apparently you will have to open an account somewhere else. Basically, I don't need a terminal — I need a window where I could enter orders and press the OK button and to show the position and profit or loss in real time and nothing else. I tried to download Kvik for Juniors some time ago — well that's something — after American simple and logical terminals, this is too hard for me, especially the abundance of specialized Russian scientific and commercial words, the meaning of which I do not know. Therefore, it would be necessary to choose a broker with a simple and logical terminal or a simple web interface..
here you go, if you trade futures on the RTS index, first you need to familiarize yourself with how it trades. We open the FORTS website and immediately see the trading time schedule — it is very important:
Duration of a trading session on the FORTS futures and options market with 10:00-18:45, 19:00-23:50 MSC
One inconvenience — too early to get up — aj k 10:00. :(
Farther, looking for the specification of the RTS index futures. Important parameters:
Code in the trading system RIZ0
The amount of the underlying asset in the contract 1
Last day of treatment 15.12.2010
Guarantee provision (GO, rub.) 7 942,57 — this, I understand so, analogue of collateral margin, on American exchanges. I.e, to buy 1 RTS Index futures contract, must have at least 7 942,57 rubles on the trading account.
Price step 5
Price step cost 3,04363
but, I guess, it is a variable, since they write the following:
The cost of the minimum step of the Contract price corresponds to 10 % from the US dollar against the Russian ruble
I.e, I understand so, today the cost of the price step 3,0463, maybe tomorrow, for example 3,0111
here you go, perhaps all you need to know, before you start playing the RTS Index futures. Who's not on FORTS yet, start with me!!!!!!!! :)
The next step is to choose a broker for this business. :)
