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Volume and Structure of the Russian Derivatives Market

Yury Danilov – Leading Research fellow of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article considers generalizing characteristics of the volume and structure of the Russian derivatives market, as well as the trends of their changes. Despite the high growth rates of certain indicators of this market, it still remains insignificant on the scale of the Russian economy. The analyzed market has a number of structural problems, including low share of the option market, lack or insufficient development of a number of critical segments, which predetermines the limited possibilities of using this market as a hedging mechanism for risks of a different nature.

Key words: derivatives, volume of trade, open interest, exchange market, OTC market, hedging, repository, market volume, market structure.