RTS
Russian Trade System
http://www.rts.ru
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| Description | Leading Russian universal stock exchange with subsidiary exchanges in Kazakhstan and Ukraine. RTS holds #1 position in derivatives, and a growing share of spot market in the CIS. |
| Key Deal Terms | Investor: PSGF
Location: Russia, Kazakhstan, Ukraine
Sector: Financial Services
Investment: January 2008
Stage: Buyout |
| Background | In January 2008, Da Vinci Private Sector Growth Fund made initial investment in RTS Stock Exchange. The deal is led by Oleg Jelezko and Evgeny Fetisov on behalf of the PSGF and investment consortium of international investors. |
| Strategy |
- Increase share on spot equities market, further develop derivatives segment.
- Partnership with major global exchange.
- Build efficient sales and marketing, attract international traders/players.
- Geographical expansion (other CIS countries, global terminals).
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| Value add |
- Development of corporate strategy, liquidity management optimization.
- Improvement of sales and marketing effort.
- Corporate governance improvement.
- Consulting on partnerships with global exchanges as well as M&A’s in the CIS.
- Reporting and transparency improvement, constant and close cooperation with management, active work on BoD.
- Active role in structuring the merger between the exchanges.
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| Performance |
- Average daily trading volume on FORTS increased almost by 7 times from 2007 to 9M 2011.
- RTS managed to increase its market share in cash equities from 2% in 2008 up to over 21% in September 2011.
- Key driver for market was opening of RTS Standard in April 2009.
- The company’s turnover grew at 19% CARG in ’07-‘10 and totaled $108 mn in 2010.
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Ratio of gross written premiums to GDP in Russia vs 11.9% average in G7
