RTS Stock Exchange, a Russian exchange operator, has launched a new benchmark index for Siberian-based companies.
The RTS Siberia Index is the first regional stock index to be created within Russia and includes ten enterprises from the Siberian federal district. The capitalisation-weighted index is intended to help investors to monitor the investment attractiveness and economic development of firms operating in the region.
RTS Siberia Index is a joint venture between RTS Stock Exchange and Siberia’s inter-regional association for economic development. The Siberian association is a voluntary economic union of 19 regions within the Russian Federation covering one-third of Russia’s total area and 22 million people.
The index is also designed to meet the legal requirements for the composition of specialist investment funds, thus making it eligible for the development of tradable index investment funds.
RTS offers cash equities trading on its RTS Classica and RTS Standard platforms and derivatives trading on FORTS.