Quotes stock exchange announced by the federal channels, the figures reflect the results of trading, full of over the internet.The point is that these indicators are important for the Russian economy.Our citizens should not have any issues like "RTS - what is it?" The culture of knowledge about stock exchanges is very important for the development of the whole society.Especially since this information in itself is interesting and entertaining.About
stock indices
In modern understanding the stock index - a measure of the impact of sales of securities and other assets in a particular market (often in a separate state).Very often quotes can characterize the state of the economy or its segments and sectors.For example, the RTS index (about this exchange in detail - below) was based on the situation in the largest companies of the oil industry and the industry.Some traders believe that the figures are of decisive importance in the dynamics of the index, rather than the current values.
Stock indexes are displayed on the specialized trading platforms, exchanges according to one of the most common formulas.Firstly, it can be the arithmetic average count "unweighted" type.In this case, summed up the value of assets and shares on the stock exchange analysts determined denominator.Second, practice arithmetic average count "suspended" type, where asset prices are calculated on a sample.Third, it is the geometric mean elimination quotes with significant intervals (usually every three months).As a rule, in all cases, the visualization of quotations.Examples - schedule RTS or MICEX.
RTS and MICEX.Combining exchanges
The Russian stock quotes before 2011 displayed on the two main stock exchanges - MICEX and RTS.The main feature of each of them was the origin.MICEX created a banking organization and operation of the exchange, as experts believe, was organized for the benefit of these structures.In turn, the RS established broker-financiers, and it also affected the specifics of the development of this site.It is considered by many traders, was advanced in terms of technology.Among the analysts formed a dissenting opinion on the specifics of which carries a RTS: a result of trades that have emerged through the use of good equipment and programs.MICEX became thus a place for trading in corporate securities, government stocks.However, some experts have called this a conservative exchange (compared to RTS) and difficult to upgrade.
In late 2011, the two exchanges merged, was formed by a single list traded on a new site.Companies listing of shares which was the former RTS hit lists Classica and RTS Standard.In turn, in the sector called "primary market" began to trade the assets of the former MICEX.
RTS: facts
indices are calculated on the RTS stock exchange was conducted in 1995.Initially there were 13 types of securities.Trade began to develop rapidly, and stock portfolio gradually grew into a few dozen times.Businessmen very quickly realized that the benefits RTS index, which is a tool to attract capital.The largest value of the trading portfolio of RTS was recorded in 2008, at around 2500 points.The largest share in the quotations owned large Russian corporations ("Gazprom", "Lukoil", "Sberbank"), as well as structures such as the "Rosneft", VTB, "Surgutneftegaz".Schedule RTS, tend to reflect the real situation in all of these businesses.
MICEX: facts
MICEX Index began in 1997, calculated on the basis of trading in securities held daily.The main feature of trading on that exchange, according to some analysts, is that the calculation of price quotations came under the shares in rubles.
This causes the fact that the MICEX and its nearest Russian "rival" RTS could show a completely different dynamics at changes of the ruble in the foreign exchange markets the US dollar.The bulk of the trade, which reflected MICEX and RTS, always formed the same structure - oil and gas companies, major banks and industrial enterprises.
What are futures?
Futures - a bilateral agreement between financial market participants that in a specific period will be made certain transactions.When the agreed date and time occur, one party sells the asset, and the other - to buy.An interesting fact is that futures are not commodities or securities.This tool is a modern form emerged only thanks to e-commerce and the opportunities to register the virtual broker an agreement between traders.In futures, there are two main parameters - the asset and the term of the contract.
There are additional terms of the deal, such as "tick" (range of possible changes in the value), the amount of security, the limits of the price change.Many traders agree that trade futures - a very effective tool for profit at the appropriate level with risk.If unsuccessful transactions losses can be quite noticeable.But, in turn, if the contract is successful - the trader can earn a considerable sum.The main thing, according to some financial experts, to determine, as evidenced by the graph futures.On the RTS index (what it is, we have found out), in particular, affects the situation in the country's largest corporations, and transactions based on their securities trader requires a balanced approach in the assessment of market segments.
RTS - once the best platform for futures?
Some traders believed RTS was one of the most convenient exchanges for trading in futures.They cause their choice above all the fact that in this area there were conditions for effective "hedging" (hedging) risks.The trader could choose targets, forming a proposal for a lucrative futures: on the RTS index of any company or arithmetic mean of quotations.Believed to financiers, the RTS index admitted officially, so the sale of futures on the stock exchange was characterized by high liquidity.By the way, share prices - rather vivid indicator of the real state of affairs in the Russian economy.
struck a deal in futures on the RTS, traders pay the difference between the two measures - assessment of the value of the contract and its execution.An important parameter in the course of futures - the average value of the stock exchange quotations, which is fixed at the close of trading.Access to a mutual contract on the RTS were almost all traders, even if their capital were small (but in this case they will have to contact the brokerage organizations).Among the financiers, so a long time believed that the optimum environment for futures trading - this is the RTS that is adequately balanced financial indicators.
From what depended on the MICEX quotation?
Before merged with the RTS MICEX, traders were her trade, but taking into account some special features.Analysts note that the indexes on this exchange results mainly from the portfolio of the largest, most liquid Russian corporations.The main feature of the MICEX Stock Exchange, according to experts, is that the quotes were exhibited in rubles.Many financial experts considered the index of financial institutions primarily in the stock market of the Russian Federation.According to their calculations, in certain years, about 90% of turnover was accounted for Russian shares on the MICEX.Change of quotes on this exchange are considered by some analysts, mainly it depends on the state of affairs in such companies as "Lukoil", "Rosneft", "Gazprom", as well as in the "Savings Bank".There were, according to some experts, the laws that determine the dependence of the MICEX on foreign exchanges and international events.Some financiers have the opinion that the combined Moscow stock exchange has incorporated many features previously characteristic of the MICEX.
stock exchanges abroad
MICEX and RTS, and later - the Moscow Stock Exchange, considered the main indicator of the Russian stock market.It is interesting to see how the system arranged exchanges and indices in other countries.Let's start with the United States.Most probably, the world famous stock index - is the Dow Jones Industrial Averages.It is calculated over a hundred years.In the early years of the launch index were shares of 12 companies.Now in its securities of several dozen major US companies.However, as noted by some analysts in the Dow Jones traded volume of shares only around 20% of the total US stock market.Therefore, from the point of view of assessing the state of the economy of this exchange quotation is not entirely representative.
In the US there is an index Standard & amp;Poors' 500 and rotate the stock exchange of the same name five hundred companies.It is more kapitaloemok compared with quotations in the listings Dow Jones.Home Exchange United States, where stocks are traded high-tech businesses - NASDAQ.More than 5,000 companies are represented at this site.In Japan, the main stock exchange - it's Nikkei, Germany - DAX, France - CAC.In neighboring Russia, too, has its share platforms.In Ukraine, this RFTS, in Kazakhstan - KASE.
