“The Ukrainian crisis is making 2014 a busy, and potentially profitable, year for Russian stockbrokers. While investment bankers have seen their fees plunge as deals dry up amid the conflict, trading in equities almost doubled on average at 50 Russian brokerages in March from February and has remained elevated this month, according to data from OAO Moscow Exchange. The RTS Volatility Index, which uses futures to measure expected swings in Russian equities, is more than double the level of December. The recent price swings and the pickup in transactions are similar to the surge in volatility triggered when Russia sent troops into Georgia in 2008 during a five-day war.”
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