Kuyini RTS? Concept, izinhlobo, inqubo kuhlaziywa Dynamics ushintsho

Ukuhweba Russian System (RTS) ingenye ngobukhulu isitokwe Ukuhwebelana ezimbili ukuhwebelana izibambiso Russian. It kwahlelwa 1995 esikhundleni ekhona kakade ngesikhathi MICEX. Ekupheleni RTS iminyaka ecishe ibe ngu-20 luye siguqulelwa emikhulu isakhiwo, okuyinto hhayi kuphela enikeza ukufinyelela ukuhweba by zimali abazimele kanye professional abahlanganyeli izibambiso emakethe, kodwa futhi unalo izinkonzo eziningi ezengeziwe, kuhlanganise evulekile, isiphetho kanye Depository.

Umqondo RTS Inkomba

Kuyini RTS? Le nkomba kuyinto isimo izibambiso Russian emakethe, ebalwa ngesisekelo izibambiso ukuthengiselana waphetha phansi ukuhweba we RTS. Inani layo kubonisa engqikithini ofeleba lamasheya lwamasheya luzokwenziwa stock market Russian. Futhi, osonhlamvukazi inkampani ngayinye inani lemakethe share siphindwe ngesibalo Imininingwane lamasheya ayesekhona ngalinye, futhi ibonisa yangempela emakethe value inkampani.

RTS Inkomba, kanye MICEX Inkomba, ikhomba phambili stock market yasekhaya. Nokho, ngemva nokuhlanganiswa MICEX zokuhweba amapulatifomu futhi RTS ukubala kokubili Inkomba empeleni wahlanganyela sinye siyafanana ngokuhlanganyela stock exchange MICEX-RTS. Umehluko omkhulu phakathi kwalezi zibalo ezimbili wukuthi Inkomba MICEX ibalwa in ruble, kuyilapho RTS - kumadola. Ngakho-ke, ushintsho yayo asithinti nje kuphela Dynamics intengo amasheya ezinkampani isiRashiya, kodwa futhi ushintsho ruble exchange rate liqhathaniswa ne-dollar. Ngaphansi njalo US dollar exchange izinga lokukhula RTS Inkomba sikhombisa mkhuba omuhle, uma iqhathaniswa naso MICEX Inkomba. Okungukuthi, inani layo bukhula ngokushesha, kodwa incipha kancane kunalokho "izimbangi" zalo.

Izinhlobo RTS Indices

Exchange RTS Inkomba zihlanganisa umkhaya yonke indices yokubala ehlukile. Lezi zihlanganisa: i-index RTS Standart, le RTS-2 Inkomba, inkomba simo esishubile (RTSVX), RTS eSiberia (RTSSIB) kanye nenombolo indices imikhakha ekhona esifundazweni.

The main RTS Index (RTSI) ibalwa ngesisekelo ulwazi mayelana nokuhweba ngamasheya ezinkampani 50 ngobukhulu Russian. Lezi zihlanganisa Gazprom, Lukoil, Sberbank, Surgutneftegas, futhi eziningi ukwabelana kwezinye izinkampani. Ukuze unike amandla amasheya eNkampani ku RTS Inkomba kumele afinyelele izimfuneko ezimbili. Okokuqala, akuyikuthengiswa ngayo, amasheya adayiswa phezu RTS Stock Exchange. Okwesibili, osonhlamvukazi yenkampani kumele okungenani 0.5% wetimali ingqikithi wonke amasheya kufakwe Inkomba. Uhlu izinkampani ekubuyekezweni ngekwata.

I-algorithm ukubala

RTSI Inkomba ibalwa kusukela ngo- kusukela ngo-September 1, 1995. Labe umkhankaso ekuhwebeni izibambiso phansi ukuhweba we RTS. ukubaluleka kwalo kubonakala amayunithi isihlobo. Ngesikhathi usuku ngosuku lokuqala ukuhweba index RTSI waba evamile okuthathwa njengokumele kube amaphuzu 100.

Ukuze siqonde ukuthi kusho ukuthini RTS, sikunikeza isibonelo sokubala okunemibandela ngokujulile ukubaluleka kwaso. Ucabange ukuthi kusukela ngo-September 1, 1995 wetimali Imininingwane izinkampani zabo ukwabelana zifakwe RTSI Inkomba, kwaba zamadola 500 000. Ngelanga okunemibandela ukubala elilandelayo luyanda, ukuthi, izinkulungwane 850 zamaRandi. Inani okuzisholo we Inkomba kulokhu:

850 000/500 000 * 100 amaphuzu * 1.0752559 = 183 amaphuzu (1.0752559 - Coefficient ukulungiswa esetshenziswa ukubala).

Ngamanye amazwi, lo ofeleba stock market anda izikhathi 1.83.

Inqubo kuhlaziywa

RTS Inkomba Kwenziwa ngesisekelo idatha yokuthengisa amanani lamasheya kufakwe Inkomba. Lokhu kwenziwa njalo ngemizuzwana engu-15, okungukuthi, ngesikhathi sangempela. Kodwa abadayisi kanye stock market abahlaziyi kukhona imininingwane ebaluleke kakhulu kwi-value idatha index njengoba kuvulwa kanye nokuvala abathengisa, kanye esiphezulu kanye namagugu esincane ekupheleni kuseshini zokuhweba. Isebenzisa le datha ucwaningo lwabo we Dynamics nenkambo nezici izinguquko izintengo ukwabelana issuers Russian.

Manje kwaba sobala ukuthi Inkomba RTS ikuphi algorithm sibalo yayo. Sekuyisikhathi ukuhlola ushintsho enanini layo ngesikhathi endalini ngesikhathi RTS Stock Exchange. Inkomba amagugu kushintsha njalo. Le nqubo eziyinkimbinkimbi kunemtselela lahlukene izici ezihlukahlukene, ezihlanganisa isimo umnotho womhlaba jikelele kanye isimo macroeconomic kuleli zwe, futhi isimo umkhakha, futhi yebo isimo ezinkampanini ngabanye. ERussia namuhla iphathelene izimakethe abasafufusa ngezigaba jikelele. Ngakho-ke, ukubaluleka yasekhaya izimakethe isitokwe kakhulu sensitive ekushintshashintsheni indices izimakethe athuthukile, kuhlanganise NASDAQ futhi DowJones ukuphi.

History of the RTS

1260 amaphuzu - kubalulekile kangaka namuhla RTS Inkomba. Dynamics kubonisa ukuthi kule minyaka engu-19 edlule, i-ofeleba we Russian isilonda ukwabelana rose izikhathi ezingaphezu kuka-12. Uma uthi nhlá kubukeka ukuthi ayemakhulu amathemba ababenawo kakhulu. Kodwa ingabe kunjalo ngempela?

Inkomba safinyelela zinga ngoMeyi 2008. Ngaleso sikhathi, kwaba 2498,10 amaphuzu. Nokho, inhlekelele 2008 eyabangela ukuncipha okukhulu kule ofeleba izinkampani Russian. Ngenxa lokhu kuwa Inkomba value lehla ezingeni 80 amaphuzu. Naphezu nokuvulwa umnotho isiRashiya, stock market yasekhaya Namanje hhayi wasimama ngokugcwele kusukela ukulahlekelwa sina wahlupheka. Ngenxa yalokho, namuhla, izinkampani okuholela komnotho Russian cishe eshibhile kabili kuka maphakathi no-2008. Futhi kusekelwe ukukhula kwe-dollar ngokumelene ruble ngu ruble ezingaphezu kuka-10. (Nge ezingeni ruble 23-25. Ukuze okwamanje ruble 35. Per dollar).

Kuyini RTS? Kusinda ukuhlolwa litmus of isimo stock market isiRashiya, futhi, ngenxa yalokho, emnothweni iyonke. Kuyinto ngesisekelo Dynamics yayo lingahunyushwa baphetha mayelana nendlela ngokuphumelelayo ukuthuthukisa yezinkampani ezinkulu zasekhaya. izinguquko Inkomba ukuhlaziywa kuholela esiphethweni mayelana nesimo samanje izibambiso emakethe futhi ingenye nenqubo esiyinhloko ekwenzeni izinqumo mayelana ukuthenga noma ukuthengisa amasheya ka issuers Russian.