QUOTE AND NEWS
Bloomberg  Mar 17  Comment 
Emerging Stocks Climb on Russia as RTS Leads World Gains Emerging-market stocks advanced, rebounding from a one-month low, as concern eased that the referendum in Crimea will...
Yahoo  Mar 14  Comment 
Russia's main stock index plunged to its lowest level since October 2009 only a couple of days before Crimea holds a referendum on whether it should break away from embattled Ukraine or join Russia. The Micex index tanked by 5% to 1,191 points...
Mondo Visione  Mar 7  Comment 
Moscow Exchange is to introduce deviation thresholds for calculating indices. Stock prices falling outside these thresholds will not be included in the weighted average price of the last 10 trades. The thresholds are Ki in clause 3.4...
Bloomberg  Feb 19  Comment 
Emerging Stocks Fall as Ukraine Unrest Drives Bond Rout Emerging-market stocks dropped for a second day as deadly anti-government protests in Ukraine and Thailand triggered a...
Bloomberg  Oct 10  Comment 
Emerging Stocks Gain on U.S. as Russia Enters Bull Market Emerging-market stocks climbed to a two-week high amid signs U.S. lawmakers will reach an agreement to avoid default....
Mondo Visione  Aug 29  Comment 
Moscow Exchange will use T+ Main Trading Mode prices to calculate the indices during the main trading session starting 2 September. The indices will be calculated from 10:00 am to 6:40 pm MSK during the main trading session due to the...
Globe Newswire  Apr 27  Comment 
FORT MYERS, Fla., April 27, 2012 (GLOBE NEWSWIRE) -- Radiation Therapy Services Holdings, Inc. ("Radiation Therapy Services" or the "Company") today announced that its wholly-owned subsidiary, Radiation Therapy Services, Inc. ("RTSI"), has priced
Globe Newswire  Apr 23  Comment 
FORT MYERS, Fla., April 23, 2012 (GLOBE NEWSWIRE) -- Radiation Therapy Services Holdings, Inc. ("Radiation Therapy Services" or the "Company") today announced that its wholly-owned subsidiary, Radiation Therapy Services, Inc. ("RTSI"), intends to
MarketWatch  Mar 6  Comment 
Russian stocks dropped the most in three months Tuesday, pulling back from gains seen after Vladimir Putin won the country's presidential election. The Russia RTS index dropped 4.3% to 1,676.48, erasing a 1.5% gain from Monday. The drop comes...
MarketWatch  Mar 5  Comment 
Russia's RTS index rose 1.2% to 1,747.85 in early trading on Monday, after Vladimir Putin reportedly secured 63.7% of the votes in Russian presidential elections. According to media reports quoting the Central Election Commission, more than 99%...




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The Russian Trading System Index or the RTSI, comprises of 50 of the largest stocks (both common and preferred) capturing 85% of the total market capitalization of the Russian Trading System exchange[1]. It is a capitalization weighted index with a restrictive cap of 15% on all the stocks[2]. The index is rebalanced and the constituents are checked on a quarterly basis.

The index was first calculated on 1st September, 1995 with a base value of 100[3]. The Russian Trading system works with Standard and Poor's since 2006 to calculate the RTSI[4]. The RTSI is one of the few indices which, outside the US, is calculated in USD. The Russian Ruble (RUB) index is based on the USD one.

Weighting and Calculations

The RTSI is a restricted market cap index where the weight restriction is maintained at 15% of an individual stock. The index is calculated with the Image: ACF209.gif

where the adjusting coefficient value (Zn) is 1.4026 as a 13th September 2008[5].

  • Ii = intial value of the index
  • MCn= New sum of market cap in USD
  • MCi= Initial sum of market cap in USD

The Market Capitalization is calculated by the RTS as[6]:
Image: ACF20B.gif

where:

  • Wi= Free floating coefficient of stock i
  • Ci= restrictive coefficient for the stock
  • Qi= quantity of shares issued
  • Pi= Price of the stock

The Free float Adjustment factor represents the proportion of shares that is free floated as a percentage of issued shares and then its rounded up to the nearest multiple of 5% for calculation purposes. To find the free-float capitalization of a company, first find its market cap (number of outstanding shares x share price) then multiply its free-float factor. The free-float method, therefore, does not include restricted stocks, such as those held by company insiders.

Composition

Eligibility

For the stocks to be eligible for the RTS Index, they need to satisfy the following criteria[7]:

  • Eligible stocks have to be common or preferred.
  • Stocks must be based in Russia, that covers headquarters, senior management and location of company operations.
  • Stocks have to be publicly floated, private or government holdings are removed.
  • Constituent companies are capped at 15% index of the total market capitalization of the market
  • The average number of "bid" and "ask" quotes in the exchange should be atleast two and the spread in this quote should be less than 15%.

List of companies

The list of companies on the RTSI as of September 2008[8]:

References

  1. RTSI Description
  2. RTSI Description
  3. RTSI Description
  4. RTS Indices Methodology
  5. RTSI Calculations
  6. RTSI Calculations
  7. RTS Factsheet
  8. RTSI companies
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