Russia's derivatives market almost tripled in size in the six months to June as investors rushed to profit from the country's oil-fuelled economy, even as growth in rival markets declined.

The value of contracts traded on Forts, the futures and options division of Russia’s RTS Stock Exchange, surged 192% to 6.6 trillion rubles (€180bn) in the first half, from 2.3 trillion rubles in the same period last year, according to a statement. Volumes rose 118% to 124 million from 57 million, the statement said.