Source Pravda.Ru

RTS reports its plans

The Stock Exchange RTS plans to increase its share on the organized Russian securities market to 30 percent by the end of 2002, RTS President Ivan Tyryshkin declared at today's meeting of members of the exchange. He pointed out that the RTS's share was adding one percent every month, thus it has gained 12 percent over the past 12 months. According to the materials prepared for the meeting, RTS's share on the organized market was about 23 percent in May, 2002.

The meeting approved priority activities of the exchange in the period from July 1, 2002 to July 1, 2003. In this period the RTS plans to take an active part in the liberalization of the market of Gazprom's shares. It also intends to cooperate with other domestic and foreign stock exchanges and to continue introducing the latest technologies in the process of trading.

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