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RTS Board - universal information system for OTC
market in Russia
September 2016
Association of financial market participants «Nonprofit Partnership for the Development of Financial Market RTS»
CURRENT CONDITIONS ON OTC MARKET
02
High costs on infrastructure of transaction execution due to of the growth of the exchange rate
High costs on search & identification of counterparties / customers High costs on qualified personnel for maintenance and execution of
transactions
High costs
Confidence crisis
Strengthened process of bank licenses revocation Growth of counterparty risk Reduction of number & volume of limits Reduction of number of listed instruments Restriction of terminal services by foreign vendors for banks in
sanction list
Development of private platforms by major market players Lack of unified information trading platform / common standards of
transactions & delivery execution Reputation problems of individual trade members, lack of interests
consideration of medium, small & other certain categories participants
Market fragmentation
Decline of volumes and restraint of growth of OTC
market
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
RTS BOARD TODAY
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
03
Launched sectors:
• Equity Products (from 2001 year) • Bullion Coins Products (from 11/05/ 2016) • Fixed Income Products (from 04/04/ 2016) • Money Market Products (from 12/04/2016)
Подготовлены к запуску:
• Currency transactions and derivatives Products • Repo Products
- done - in plans - in next releases
RTS Board New generation platform, providing STP processing of transactions from quotes to statements
System provides integration of existing liquidity pools
Universal system for different markets in single platform
RTS BOARD FUNCTIONAL
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
04
Flexible solution implemented in the form of web app
Variability of use
Simultaneous usage of Front & Back allows to abandon “paper” workflow
Seller / Buyer Terminal Telephone
STP
RTS Board Front RTS Board Back
RTS Board Front RTS Board Back Contract in paper
form Contract in electronic
form
1 2
3
1 Quotation & negotiation module - exchange price information and negotiation
Verification and registration of electronic dealings module - confirmation of electronic deals 2
3
UNIQUE INVESTMENT DIRECTIONS
05
The number of stocks*
Russian exchange
The number of issuers*
Russian exchange
- The total number of shares / issuers as of 21/09/2016
- The number of active shares / issuers as of 21/09/2016 (according to the criterion of active bid/ask orders for more than 4 trade days per week)
286 300
544
1137 886
423
243 231
RTS Board
Источник: Московская биржа, RTS Board
RTS Board covers a broad range of issuers from any Russian economic sector
RTS Board represents companies all over Russia, from the Baltic Sea to the Far East
Источник: Московская биржа , RTS Board
RTS Board
0 200 400 600
North Caucasian Federal District
Far Eastern Federal District
Southern (Black sea) Federal District
Northwestern Federal District
Ural Federal District
Siberian Federal District
Volga Federal District
Central Federal District
Russian Exchage RTS Board
0 50 100 150 200 250 300
Housing utilities
Trade
Other industries
Transport
Metals & Mining
Electrical power
Construction and…
Engineering
Russian Exchage RTS Board
WHY ARE INVESTMENTS IN RUSSIA ATTRACTIVE RIGHT NOW?
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
06
TOP-10 RTS Board quoted stocks’ dividends paid in 2016 (RUB per share)
TOP-10 Russian exchange traded stocks’ dividends paid in 2016 (RUB per share)
Source: issuers’ information Source: BCS
Import substitution strategy in all major areas of Russian economy (industry, agriculture, IT, pharmaceuticals, etc.)
The largest since the beginning of 1990-s program of state defense orders financing
Underestimated market value of Russian companies due to general decrease of Russian stock market
A wide range of new securities of Russian issuers that are not traded in an active market
7302
3540
2130
2034
1718
1594
1065
1000
1000
900
JSC "Mihailovsky GOK", cs
JSC "ILYUSHIN Aviation Complex", cs
JSC "VOMZ", ps
JSC "Valenta Pharmaceuticals", cs
PJSC "ARPE "TEMP-AVIA", ps
JSC "UdmurtNeft", cs
JSC "VOMZ", cs
JSC "Orelstroy", cs
JSC "Mostostroy-11", cs
JSC "Gornozavodskcement", cs
4435
1734
823
690
458
348
230
222
180
179
PJSC "ALROSA-Nyurba", cs
PJSC "Saratov Oil Refinery" , ps
PJSC "Transneft", ps
PJSC "Lenzoloto", ps
PSC "VSMPO-Avisma" , cs
PJSC "TransContainer", ps
PJSC "Norilsk Nickel", cs
PJSC "MGTS", ps / cs
PJSC "Akron", cs
PJSC "Magnit", cs
✓
✓
✓
✓
320 1200
37700
155400
254 846
29600
103200
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
Russian stockexchange
RTS Board PJSC NPJSC & JSC
The number of issuers on the stock exchange and OTC stock market (2011, June 2015)
2011 2015 Exponential (2015)
AVAILABLE CATEGORIES OF COINS IN RTS BOARD
Since April 2016 RTS Board system includes more than 650 coins of precious metals
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
07
RTS BOARD FUNCTIONAL FOR COINS MARKET
08
Catalogue number Metal assay Link to Central Bank website
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
Available instrument terms:
in regime of acceptance of quotes (in order book and quotation board with control of mutual limits)
• - Overnight
• - Tom/next
in negotiation regime (from order book and quotation board) – standard terms:
• - 1W, 2W
• - 1M, 2M, 3M, 6M
negotiation quotes (in quotation board) – transaction in any currency in any arbitrary deadline
09
MONEY MARKET INSTRUMENTS OF RTS BOARD
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
Clients can realize operations in different currencies:
• RUB, USD, EUR, etc.
Multi-platform solution: desktop- and web-based app
Straight-through processing system
Quotation & negotiation module
Back office for verification and registration of
contracts
AVAILABLE INSTRUMENTS OF FIXED INCOME SECTORE
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
10
Available instruments:
Municipal bonds
Corporate bonds
Eurobonds (sovereign and corporate)
Commercial papers (do not outstanding on organized market)
RTS Board allows Clients realize operations denominated in any currency:
RUB, USD, EUR, etc.
Contract execution regime
acceptance of quotes (in order book and quotation board with control of mutual limits)
negotiation regime (from order book and quotation board)
negotiation quotes (in quotation board)
4 STEPS TO RTS BOARD
File an application to NP RTS for access to RTS Board (via email or any other convenient method)
NP RTS provides proposed contract for provision of information technology services, which signing by NP RTS & Client
NP RTS accepts and activates login and password to access the system
NP RTS issues digital signature certificate and CryptoPro CSP Software (in their absence) - for electronic confirmation of operations
RTS Board – universal information system for OTC market in Russia
September 2016, Moscow
12
Контакты: Некоммерческое партнерство развития финансового рынка РТС Moscow, ул. Долгоруковская, 38, стр. 1 Телефон: +7 (495) 705 90 31 E-mail: [email protected] Сайт: www.nprts.ru
Thank you for attention!