RTS Board - universal information system for OTC market in Russia

RTS Board - universal information system for OTC market in Russia

Transcript

1. RTS Board - universal information system for OTC market in Russia Association of financial market participants «Nonprofit Partnership for the Development of Financial Market RTS»
2. 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 Moscow
3. RTS BOARD TODAY RTS Board – universal information system for OTC market in Russia 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
4. RTS BOARD FUNCTIONAL RTS Board – universal information system for OTC market in Russia 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
5. UNIQUE INVESTMENT DIRECTIONS 05 The number of stocks* Russian alternative platforms The number of issuers* Russian alternative platforms - The total number of shares / issuers - shares / issuers with quotes 332 1277 471 490 470 1006 256 RTS Board Источник: MOEX, 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: MOEX, RTS Board RTS Board 625 0 50 100 150 Agriculture Housing utilities Trade Other industries Forest products Telecommunications & IT Banking and Finance Consumer goods and Trade Transport Chemical production Electrical power Metals & Mining Construction and Development Oil and Gas Engineering Alternative platforms RTS Board 0 50 100 150 200 North Caucasian Federal District Far Eastern Federal District Southern (Black sea) Federal District Siberian Federal District Ural Federal District Northwestern Federal District Volga Federal District Central Federal District RTS Board Alternative platforms
6. WHY ARE INVESTMENTS IN RUSSIA ATTRACTIVE RIGHT NOW? RTS Board – universal information system for OTC market in Russia 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 stock exchange RTS Board PJSC NPJSC & JSC The number of issuers on the stock exchange and OTC stock market (2011, June 2015) 2011 2015 Exponential (2015)
7. 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 Moscow 07
8. 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 Moscow
9. 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 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
10. AVAILABLE INSTRUMENTS OF FIXED INCOME SECTORE RTS Board – universal information system for OTC market in Russia 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)
11. 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 Moscow 11
12. Контакты: Некоммерческое партнерство развития финансового рынка РТС Moscow, ул. Долгоруковская, 38, стр. 1 Телефон: +7 (495) 899-01-70 E-mail: otcmarket@rts.ru Сайт: www.nprts.ru Thank you for attention!