Russian exchange, RTS, has exclusively told FO Week that it will consolidate its clearing operations in its derivative and equity markets into a single central counterparty. As a result, the exchange said that it will be able to offer cross margining to traders who trade on both its cash market and derivatives segment.
Roman Goryunov, chairman of RTS, said that RTS had grown in two directions - its derivatives business as well as its equity operations - but he added that the time had come for the exchange to combine clearing...