On October 25, 2010 FORTS launched cash-settled futures contract on raw sugar.
At the end of the first two trading weeks daily trading volume of cash-settled contracts on raw sugar has grown by more than 20 times. The market turnover of raw sugar futures increased from 147 (as of 25.10.2010) to 3243 (as of 14.11.2010) contracts per day since the launch of the new instrument. At the end of the first two trading weeks the total trading volume of cash-settled futures on raw sugar reached to RUB345 million.
"Globally raw sugar futures contract is one of the most needed commodity contracts for both sectoral participants (hedgers) and private traders who use different trading strategies. This fact is related to the very high levels of volatility of world prices on this asset, that means high levels of risks for both raw sugar producers and consumers", said Evgeny Serdyukov, Director of the Futures & Options Market at OJSC RTS.