{"id":2902,"date":"2007-06-22T06:40:11","date_gmt":"2007-06-22T06:40:11","guid":{"rendered":"http:\/\/geoeconomics.ge\/ge\/?p=2902"},"modified":"2015-06-23T11:14:15","modified_gmt":"2015-06-23T11:14:15","slug":"%e1%83%9b%e1%83%a8%e1%83%95%e1%83%98%e1%83%93%e1%83%9d%e1%83%91%e1%83%98%e1%83%97-%e1%83%a2%e1%83%a0%e1%83%90%e1%83%93%e1%83%98%e1%83%aa%e1%83%98%e1%83%a3%e1%83%9a%e1%83%9d-%e1%83%91%e1%83%98%e1%83%a0","status":"publish","type":"post","link":"https:\/\/geoeconomics.ge\/?p=2902","title":{"rendered":"\u10db\u10e8\u10d5\u10d8\u10d3\u10dd\u10d1\u10d8\u10d7 \u10e2\u10e0\u10d0\u10d3\u10d8\u10ea\u10d8\u10e3\u10da\u10dd \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10dd!!!"},"content":{"rendered":"<p><strong>\u10db\u10d0\u10dd\u10db\u10d6\u10d0\u10d3\u10d0 \u10dc\u10d8\u10dc\u10dd \u10d0\u10e0\u10d5\u10d4\u10da\u10d0\u10eb\u10d4\u10db <\/strong><\/p>\n<p>\u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10e3\u10e0\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 \u10d2\u10d0\u10e4\u10d0\u10e0\u10d7\u10dd\u10d4\u10d1\u10d0\u10e1 \u10d2\u10da\u10dd\u10d1\u10d0\u10da\u10e3\u10e0\u10d8 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10dd\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d1\u10e0\u10eb\u10dd\u10da\u10d0 \u10db\u10dd\u10f0\u10e7\u10d5\u10d0 \u10db\u10dd\u10d5\u10d0\u10ed\u10e0\u10d4\u10d4\u10d1\u10e1 \u10e2\u10d0\u10e0\u10d8\u10e4\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10ec\u10d8\u10dc\u10d0\u10d0\u10e6\u10db\u10d3\u10d4\u10d2\u10dd\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ec\u10d4\u10d5\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d8\u10e6\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ea\u10d3\u10d8\u10e1 \u10db\u10d8\u10d6\u10dc\u10d8\u10d7\u10d0\u10ea \u10d0\u10e0 \u10eb\u10d0\u10da\u10e3\u10eb\u10d7. \u10d0\u10db \u10dd\u10db\u10e8\u10d8 \u10db\u10d0\u10d7 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0 \u10e4\u10d0\u10e1\u10d4\u10d1\u10e1 \u10e1\u10d7\u10d0\u10d5\u10d0\u10d6\u10dd\u10d1\u10d4\u10dc, \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10d0\u10e5\u10d5\u10e1 \u10e9\u10d8\u10d9\u10d0\u10d2\u10dd\u10e1 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ea\u10d5\u10da\u10d8\u10d7 \u10d9\u10e3\u10e0\u10e1\u10e1\u10d0 \u10d3\u10d0 \u10d0\u10e8\u10e8-\u10d8\u10e1 \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10e1 (US Futures Exchange), \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea Windy City-\u10e8\u10d8 \u10d3\u10d0\u10e4\u10e3\u10eb\u10d5\u10dc\u10d3\u10d0 \u10d3\u10d0 &#8220;\u10dd\u10e0\u10db\u10d0\u10d2\u10d8&#8221; \u10d9\u10dd\u10dc\u10e2\u10e0\u10d0\u10e5\u10e2\u10d8 \u10e8\u10d4\u10d8\u10db\u10e3\u10e8\u10d0\u10d5\u10d0. \u10d4\u10e1 \u10d9\u10dd\u10dc\u10e2\u10e0\u10d0\u10e5\u10e2\u10d8 \u10e1\u10de\u10d4\u10d9\u10e3\u10da\u10d8\u10d0\u10dc\u10e2\u10d4\u10d1\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d0\u10e1 \u10d0\u10eb\u10da\u10d4\u10d5\u10e1 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10d2\u10d0\u10e0\u10d8\u10e1\u10d9\u10dd\u10dc, \u10d7\u10e3 InternationalExchange-\u10d8 \u10e9\u10d8\u10d9\u10d0\u10d2\u10dd\u10e1 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10e1\u10d0\u10db\u10d8\u10dc\u10d8\u10e1\u10e2\u10e0\u10dd\u10e1 \u10d2\u10d0\u10e3\u10e0\u10d8\u10d2\u10d3\u10d4\u10d1\u10d0. <!--more--><\/p>\n<p>      \u10e9\u10d8\u10d9\u10d0\u10d2\u10dd\u10e8\u10d8 \u10d4\u10e1 \u10dd\u10e0\u10db\u10ee\u10e0\u10d8\u10d5\u10d8 \u10e1\u10e0\u10dd\u10da\u10d0 \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1 \u10e9\u10d0\u10db\u10dd\u10e7\u10d0\u10da\u10d8\u10d1\u10d4\u10d1\u10d8\u10e1 \u10e4\u10dd\u10e0\u10db\u10d0\u10d0. \u10d0\u10de\u10e0\u10d8\u10da\u10e8\u10d8 \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1 \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d0\u10d6\u10d0\u10e0\u10db\u10d0 Eurenext-\u10d7\u10d0\u10dc \u10e8\u10d4\u10e0\u10ec\u10e7\u10db\u10d0 \u10d3\u10d0\u10d0\u10e1\u10e0\u10e3\u10da\u10d0. 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\u10db\u10dd\u10db\u10d3\u10d4\u10d5\u10dc\u10dd 5 \u10ec\u10da\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10d0\u10d5\u10da\u10dd\u10d1\u10d0\u10e8\u10d8. \u10d4\u10d5\u10e0\u10dd\u10de\u10d0\u10e8\u10d8 \u10d9\u10d8 \u10e1\u10d0\u10ec\u10d8\u10dc\u10d0\u10d0\u10e6\u10db\u10d3\u10d4\u10d2\u10dd \u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10d0\u10d0. \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d6\u10d4 \u10ef\u10d4\u10e0 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10d7\u10d8\u10d7\u10e5\u10db\u10d8\u10e1 \u10db\u10dd\u10dc\u10dd\u10de\u10dd\u10da\u10d8\u10e3\u10e0\u10d8 \u10e1\u10e2\u10d0\u10e2\u10e3\u10e1\u10d8 \u10d0\u10e5\u10d5\u10d7. \u10e0\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d0\u10d3 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10db\u10d0\u10e6\u10d0\u10da\u10d8\u10d0 \u10d3\u10d0 \u10d7\u10d0\u10dc\u10d0\u10ea \u10d8\u10db\u10d3\u10d4\u10dc\u10d0\u10d3, \u10e0\u10dd\u10db \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7 10-\u10ef\u10d4\u10e0 \u10d0\u10e6\u10d4\u10db\u10d0\u10e2\u10d4\u10d1\u10d0.<br \/>\n      \u10d0\u10da\u10d1\u10d0\u10d7, \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d0 \u10e3\u10dc\u10d3\u10d0 \u10e8\u10d4\u10d8\u10ea\u10d5\u10d0\u10da\u10dd\u10e1. \u10d9\u10d8\u10d3\u10d4\u10d5 \u10d4\u10e0\u10d7\u10d8 \u10e0\u10d0\u10db &#8211; NYSE Euronext-\u10db\u10d0 \u10de\u10d8\u10e0\u10dd\u10d1\u10d0 \u10d3\u10d0\u10d3\u10dd, \u10e0\u10dd\u10db \u10e4\u10d0\u10e1\u10d4\u10d1\u10e1 \u10e8\u10d4\u10d0\u10ef\u10d0\u10dc\u10ef\u10e6\u10d0\u10e0\u10d4\u10d1\u10e1. \u10d2\u10d0\u10db\u10dd\u10d9\u10d5\u10da\u10d4\u10d5\u10d4\u10d1\u10db\u10d0 \u10ea\u10ee\u10d0\u10d3\u10e7\u10dd, \u10e0\u10dd\u10db NYSE-\u10d8\u10e1 \u10d1\u10d8\u10d7\u10e3\u10db\u10d0\u10d3 \u10db\u10dd\u10d5\u10d0\u10ed\u10e0\u10d4 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10d3\u10d0\u10d1\u10d0\u10da\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8 \u10d0\u10e5\u10d5\u10e1. \u10d7\u10e3 \u10d8\u10e1 \u10db\u10dd\u10d0\u10ee\u10d4\u10e0\u10ee\u10d4\u10d1\u10e1 Euronext-\u10d6\u10d4 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d8\u10e1 \u10db\u10dd\u10ee\u10d3\u10d4\u10dc\u10d0\u10e1, \u10db\u10d0\u10e8\u10d8\u10dc \u10e4\u10e0\u10d0\u10dc\u10d9\u10e4\u10e3\u10e0\u10e2\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10da\u10dd\u10dc\u10d3\u10dd\u10dc\u10e1 \u10e1\u10d0\u10de\u10d0\u10e1\u10e3\u10ee\u10dd \u10e1\u10d5\u10da\u10d0\u10d3 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e9\u10d0\u10db\u10dd\u10ed\u10e0\u10d0 \u10d3\u10d0\u10e0\u10e9\u10d4\u10d1\u10d0\u10d7.<br \/>\n      \u10e3\u10e4\u10e0\u10dd \u10db\u10d4\u10e2\u10d8\u10ea, MIFID \u10d3\u10d8\u10e0\u10d4\u10e5\u10e2\u10d8\u10d5\u10d0 \u10d0\u10ee\u10d0\u10da \u10e8\u10d4\u10db\u10dd\u10db\u10e1\u10d5\u10da\u10d4\u10da\u10d4\u10d1\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d0\u10e1 \u10d2\u10d0\u10e3\u10e3\u10db\u10ef\u10dd\u10d1\u10d4\u10e1\u10d4\u10d1\u10e1. \u10de\u10e0\u10dd\u10d4\u10e5\u10e2 &#8220;\u10d7\u10e3\u10e0\u10e5\u10dd\u10d8\u10e1\u10d8\u10e1&#8221; \u10d7\u10d0\u10dc\u10d0\u10ee\u10db\u10d0\u10d3, \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10d8\u10e1 \u10ef\u10d2\u10e3\u10e4\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7 \u10e9\u10d0\u10db\u10dd\u10e7\u10d0\u10da\u10d8\u10d1\u10d3\u10d0 \u10de\u10d0\u10dc-\u10d4\u10d5\u10e0\u10dd\u10de\u10e3\u10da\u10d8 \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10de\u10da\u10d0\u10e2\u10e4\u10dd\u10e0\u10db\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d4\u10d5\u10e0\u10dd\u10de\u10e3\u10da\u10d8 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d9\u10d5\u10d4\u10d7\u10d4\u10d1\u10d8\u10e1 50%-\u10d6\u10d4 \u10db\u10d4\u10e2\u10e1 \u10d2\u10d0\u10d0\u10d9\u10dd\u10dc\u10e2\u10e0\u10dd\u10da\u10d4\u10d1\u10e1. \u10d6\u10dd\u10d2\u10d8\u10d4\u10e0\u10d7\u10d8 \u10d1\u10d8\u10e0\u10df\u10d0 \u10e7\u10dd\u10d5\u10d4\u10da\u10d8\u10d5\u10d4 \u10d0\u10db\u10d0\u10e1 \u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10da\u10d8\u10e1 \u10d1\u10da\u10d4\u10e4\u10d0\u10d3 \u10db\u10d8\u10d8\u10e9\u10dc\u10d4\u10d5\u10e1. \u10db\u10d0\u10d2\u10e0\u10d0\u10db &#8220;\u10d7\u10e3\u10e0\u10e5\u10dd\u10d8\u10e1\u10db\u10d0&#8221; \u10ee\u10d4\u10da\u10d8 \u10db\u10dd\u10d0\u10ec\u10d4\u10e0\u10d0 Depository Trust &amp; Clearing Corporations-\u10d7\u10d0\u10dc, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d8\u10e1 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e1 \u10ee\u10d4\u10da\u10db\u10eb\u10e6\u10d5\u10d0\u10dc\u10d4\u10da\u10dd\u10d1\u10e1. \u10ec\u10e7\u10d0\u10e0\u10dd\u10d4\u10d1\u10d8 \u10d8\u10e3\u10ec\u10e7\u10d4\u10d1\u10d0, \u10e0\u10dd\u10db \u10d8\u10e1 \u10db\u10d0\u10da\u10d4 \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10de\u10da\u10d0\u10e2\u10e4\u10dd\u10e0\u10db\u10d0\u10e1 \u10e1\u10d0\u10d6\u10d4\u10d8\u10db\u10dd\u10d3 \u10d2\u10d0\u10ee\u10e1\u10dc\u10d8\u10e1. \u10d8\u10e1 \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d0\u10e1 \u10e1\u10d0\u10ec\u10d0\u10e0\u10db\u10dd &#8220;\u10d1\u10dd\u10e3\u10d7\u10d7\u10d0\u10dc\u10d0\u10ea&#8221; \u10d2\u10d0\u10dc\u10d8\u10ee\u10d8\u10da\u10d0\u10d5\u10d3\u10d0. NYSE Euronext-\u10d8 \u10d8\u10db\u10d3\u10d4\u10dc\u10d8\u10d5\u10d4 \u10db\u10dd\u10d2\u10d4\u10d1\u10d0\u10e1 \u10d8\u10e6\u10d4\u10d1\u10e1 \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10d8\u10e1 \u10db\u10dd\u10dc\u10d0\u10ea\u10d4\u10db\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc, \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10e1\u10d0\u10ea \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e8\u10d8 \u10d4\u10d5\u10e0\u10dd\u10de\u10d0\u10e8\u10d8. &#8220;\u10d7\u10e3\u10e0\u10e5\u10dd\u10d8\u10e1\u10d8\u10e1&#8221; \u10de\u10e0\u10dd\u10d4\u10e5\u10e2\u10d8\u10e1 \u10d0\u10d5\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8 \u10d5\u10d0\u10e0\u10d0\u10e3\u10d3\u10dd\u10d1\u10d3\u10dc\u10d4\u10dc, \u10e0\u10dd\u10db \u10d4\u10d5\u10e0\u10dd\u10de\u10e3\u10da\u10d8 \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e7\u10d8\u10d3\u10d5\u10d0-\u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d0 \u10d2\u10d0\u10dc\u10d0\u10ee\u10d4\u10d5\u10e0\u10d3\u10d4\u10d1\u10dd\u10d3\u10d0, \u10e0\u10d0\u10ea \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ea\u10ee\u10dd\u10d5\u10d4\u10da\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d9\u10d0\u10e0\u10d2\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10dd\u10d3\u10d0. \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10e7\u10d5\u10d4\u10da\u10d0 \u10d0\u10e0 \u10db\u10d8\u10d8\u10e9\u10dc\u10d4\u10d5\u10e1, \u10e0\u10dd\u10db 7 \u10d1\u10d0\u10dc\u10d9\u10d8 \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10e8\u10d8\u10ea \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10d7 \u10d8\u10d7\u10d0\u10dc\u10d0\u10db\u10e8\u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1.<br \/>\n      \u10d2\u10d4\u10e0\u10db\u10d0\u10dc\u10d8\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10da\u10dd\u10dc\u10d3\u10dd\u10dc\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10db\u10d0 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10e1\u10d8\u10db\u10d1\u10dd\u10da\u10e3\u10e0\u10d0\u10d3 \u10e8\u10d4\u10eb\u10da\u10d4\u10e1. \u10de\u10d0\u10dc-\u10d4\u10d5\u10e0\u10dd\u10de\u10e3\u10da\u10d8 \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d8\u10e0\u10df\u10d8\u10e1 \u10e4\u10e3\u10dc\u10e5\u10ea\u10d8\u10dd\u10d1\u10d8\u10e1 \u10d3\u10d0\u10ec\u10e7\u10d4\u10d1\u10d0\u10e1 \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10ec\u10da\u10d8\u10e1 \u10d7\u10d4\u10d1\u10d4\u10e0\u10d5\u10d0\u10da\u10e8\u10d8 \u10d4\u10da\u10d8\u10d0\u10dc. \u10d8\u10e5 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10db\u10d0\u10e5\u10e1\u10d8\u10db\u10e3\u10db 90 \u10d4\u10d5\u10e0\u10dd \u10d4\u10e6\u10d8\u10e0\u10d4\u10d1\u10d0. \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d0\u10e1 \u10ee\u10d4\u10da\u10d8 \u10e3\u10d9\u10d5\u10d4 30 \u10e5\u10d5\u10d4\u10e7\u10d0\u10dc\u10d0\u10db \u10db\u10dd\u10d0\u10ec\u10d4\u10e0\u10d0.<br \/>\n      \u10e0\u10d4\u10d5\u10dd\u10da\u10e3\u10ea\u10d8\u10d8\u10e1 \u10e1\u10d0\u10de\u10d0\u10e1\u10e3\u10ee\u10dd\u10d3 \u10d3\u10d8\u10d3\u10db\u10d0 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10db\u10d0 \u10d4\u10da\u10d4\u10e5\u10e2\u10e0\u10dd\u10dc\u10e3\u10da\u10d8 \u10e5\u10e1\u10d4\u10da\u10d4\u10d1\u10d8 \u10e8\u10d4\u10d8\u10eb\u10d8\u10dc\u10d4\u10e1, \u10e0\u10d0\u10ea \u10db\u10d4\u10e2\u10dd\u10e5\u10d4\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d2\u10d0\u10e0\u10d9\u10d5\u10d4\u10e3\u10da\u10ec\u10d8\u10da\u10d0\u10d3 \u10e1\u10d0\u10e4\u10e0\u10d7\u10ee\u10d4\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d0\u10d3\u10d2\u10d4\u10dc\u10e1, \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 &#8211; Archipelago-\u10d7\u10d0\u10dc \u10d7\u10d0\u10dc\u10d0\u10db\u10e8\u10e0\u10dd\u10db\u10da\u10dd\u10d1\u10e1, NASDAQ-\u10d8 -INET-\u10d7\u10d0\u10dc. \u10e0\u10d0\u10ea \u10e2\u10d4\u10e5\u10dc\u10dd\u10da\u10dd\u10d2\u10d8\u10d8\u10e1, \u10d0\u10ee\u10d0\u10da\u10d8 \u10d0\u10d6\u10e0\u10dd\u10d5\u10dc\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10dc\u10d5\u10d8\u10d7\u10d0\u10e0\u10d4\u10d1\u10d0\u10e1 \u10d3\u10d0 \u10d0\u10ee\u10d0\u10da\u10d8 \u10d9\u10e3\u10da\u10e2\u10e3\u10e0\u10d8\u10e1 \u10d3\u10d0\u10dc\u10d4\u10e0\u10d2\u10d5\u10d0\u10e1 \u10e8\u10d4\u10e3\u10ec\u10e7\u10dd\u10d1\u10e1 \u10ee\u10d4\u10da\u10e1.<br \/>\n      \u10db\u10ec\u10d5\u10d0\u10d5\u10d4 \u10d9\u10dd\u10dc\u10d9\u10e3\u10e0\u10d4\u10dc\u10ea\u10d8\u10d0\u10db \u10d3\u10d8\u10d3 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d0\u10ee\u10d0\u10da\u10d8 \u10e1\u10e3\u10da\u10d8 \u10e8\u10d7\u10d0\u10d1\u10d4\u10e0\u10d0, \u10d0\u10ee\u10da\u10d0 \u10d8\u10e1\u10d8\u10dc\u10d8 \u10e7\u10dd\u10d5\u10d4\u10da\u10d8 \u10e2\u10e0\u10d0\u10dc\u10e1\u10d0\u10e5\u10ea\u10d8\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d8\u10d1\u10e0\u10eb\u10d5\u10d8\u10d0\u10dc.NYSE-\u10e1 \u10e1\u10d0\u10d8\u10db\u10d4\u10d3\u10dd \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8 \u10d0\u10e5\u10d5\u10e1, NASDAQ-\u10e1 \u10d9\u10d8 &#8211; \u10e2\u10d4\u10e5\u10dc\u10dd\u10da\u10dd\u10d2\u10d8\u10e3\u10e0\u10d8 \u10e4\u10d8\u10e0\u10db\u10d4\u10d1\u10d8. NASDAQ-\u10d8\u10e1 \u10ec\u10d8\u10da\u10d8 NYSE-\u10e8\u10d8 \u10d0\u10e6\u10e0\u10d8\u10ea\u10ee\u10e3\u10da\u10d8 \u10d0\u10e5\u10ea\u10d8\u10d0\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 15%-\u10d6\u10d4 \u10db\u10d4\u10e2\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<br \/>\n      \u10e2\u10e0\u10d0\u10dc\u10e1\u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e5\u10d0\u10e0\u10ee\u10dc\u10d4\u10d1\u10d8<br \/>\n      NYSE-\u10e1 \u10e3\u10e4\u10e0\u10dd \u10eb\u10da\u10d8\u10d4\u10e0\u10d8 \u10d3\u10d0 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d8\u10d0\u10dc\u10d8 \u10d1\u10e0\u10d4\u10dc\u10d3\u10d8 \u10d0\u10e5\u10d5\u10e1, \u10ee\u10dd\u10da\u10dd NASDAQ-\u10d8\u10e1 \u10e3\u10de\u10d8\u10e0\u10d0\u10e2\u10d4\u10e1\u10dd\u10d1\u10d0 \u10e2\u10d4\u10e5\u10dc\u10dd\u10da\u10dd\u10d2\u10d8\u10d0\u10d0.NASDAQ-\u10d8\u10e1 \u10db\u10d7\u10d0\u10d5\u10d0\u10e0 \u10d0\u10e6\u10db\u10d0\u10e1\u10e0\u10e3\u10da\u10d4\u10d1\u10d4\u10da\u10e1 \u10e1\u10ec\u10d0\u10db\u10e1, \u10e0\u10dd\u10db \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10d3\u10d2\u10dd\u10db \u10d8\u10d4\u10e0\u10d0\u10e0\u10e5\u10d8\u10d0\u10e1 &#8220;\u10d0\u10e0\u10d0 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10e1\u10d0\u10d0\u10d7\u10d8 \u10d2\u10d0\u10d3\u10d0\u10ec\u10e7\u10d5\u10d4\u10e2\u10e1, \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10e1\u10ee\u10d5\u10d4\u10d1\u10e1 \u10e1\u10ef\u10d4\u10e0\u10d0\u10d7, \u10d0\u10e0\u10d0\u10db\u10d4\u10d3 \u10d8\u10e1, \u10d7\u10e3 \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10d0\u10d3 \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10e3\u10da\u10d0\u10d3 \u10d0\u10d0\u10ec\u10e7\u10dd\u10d1\u10d4\u10dc \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8 \u10d4\u10e4\u10d4\u10e5\u10e2\u10e3\u10e0\u10d8 \u10e2\u10e0\u10d0\u10dc\u10e1\u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10d8\u10e1 \u10db\u10db\u10d0\u10e0\u10d7\u10d0\u10d5 \u10db\u10d4\u10e5\u10d0\u10dc\u10d8\u10d6\u10db\u10e1. &#8221; \u10d0\u10db\u10e0\u10d8\u10d2\u10d0\u10d3, \u10db\u10d7\u10d4\u10da\u10d8 \u10e1\u10d0\u10d8\u10d3\u10e3\u10db\u10da\u10dd \u10e3\u10dc\u10d8\u10d5\u10d4\u10e0\u10e1\u10d0\u10da\u10e3\u10e0 \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d0\u10e8\u10d8\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10e1\u10d0\u10ea \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0 \u10db\u10ee\u10d0\u10e0\u10d8 \u10d3\u10d0\u10e3\u10ed\u10d8\u10e0\u10dd\u10e1 \u10d3\u10d8\u10d3 \u10db\u10dd\u10ea\u10e3\u10da\u10dd\u10d1\u10d4\u10d1\u10e1\u10d0 \u10d3\u10d0 \u10e3\u10e1\u10d0\u10e4\u10e0\u10d7\u10ee\u10dd\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d8\u10d5\u10d4\u10e0\u10e1\u10d8\u10e4\u10d8\u10d9\u10d0\u10ea\u10d8\u10d0\u10e1 \u10d0\u10e5\u10ea\u10d8\u10d8\u10d3\u10d0\u10dc \u10ec\u10d8\u10da\u10d0\u10db\u10d3\u10d4.<br \/>\n      \u10d7\u10e5\u10db\u10d0 \u10d0\u10d3\u10d5\u10d8\u10da\u10d8\u10d0, \u10d2\u10d0\u10d9\u10d4\u10d7\u10d4\u10d1\u10d0 \u10d9\u10d8 \u10e0\u10d7\u10e3\u10da\u10d8. NYSE Euronext-\u10e8\u10d8 \u10d6\u10dd\u10d2\u10d8\u10d4\u10e0\u10d7\u10e1 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10e1\u10ec\u10d0\u10db\u10e1, \u10e0\u10dd\u10db \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10e1 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10e1 \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10d8\u10e1 \u10de\u10da\u10d0\u10e2\u10e4\u10dd\u10e0\u10db\u10d0\u10d6\u10d4 \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d8\u10e1 \u10db\u10dd\u10ee\u10d3\u10d4\u10dc\u10d0 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0. \u10d0\u10e1\u10d4\u10ea \u10e0\u10dd\u10db \u10d8\u10e7\u10dd\u10e1, \u10d3\u10d8\u10d3\u10d8 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8 \u10db\u10e1\u10d2\u10d0\u10d5\u10e1 \u10de\u10da\u10d0\u10e2\u10e4\u10dd\u10e0\u10db\u10d0\u10e1 \u10db\u10dd\u10db\u10d0\u10d1\u10d4\u10d6\u10e0\u10d4\u10d1\u10da\u10d0\u10d3 \u10db\u10d8\u10d8\u10e9\u10dc\u10d4\u10d5\u10d4\u10dc, \u10e0\u10d0\u10ea \u10e2\u10d4\u10e5\u10dc\u10dd\u10da\u10dd\u10d2\u10d8\u10d0\u10d6\u10d4 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d9\u10da\u10d4\u10d1\u10d8\u10e1 \u10ec\u10e7\u10d0\u10da\u10dd\u10d1\u10d8\u10d7 \u10ee\u10d3\u10d4\u10d1\u10d0. OMX-\u10d8 \u10db\u10d0\u10e6\u10d0\u10da\u10d8 \u10ee\u10d0\u10e0\u10d8\u10e1\u10ee\u10d8\u10e1 \u10e2\u10d4\u10e5\u10dc\u10dd\u10da\u10dd\u10d2\u10d8\u10d4\u10d1\u10e1 \u10db\u10d4\u10d6\u10dd\u10d1\u10d4\u10da \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d6\u10d4 \u10d0\u10e5\u10d8\u10e0\u10d0\u10d5\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10db\u10dd\u10d2\u10d4\u10d1\u10d0\u10e1 \u10d8\u10e6\u10d4\u10d1\u10e1. \u10db\u10dd\u10dc\u10e0\u10d4\u10d0\u10da\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 SOLA-\u10d8 \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d8\u10d7 \u10d0\u10d6\u10d8\u10d8\u10e1 \u10e5\u10d5\u10d4\u10e7\u10dc\u10d4\u10d1\u10e8\u10d8 \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10e1, \u10d8\u10d2\u10d8\u10d5\u10d4 \u10d8\u10d7\u10e5\u10db\u10d8\u10e1 \u10d1\u10dd\u10e1\u10e2\u10dd\u10dc\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10d6\u10d4\u10ea.<br \/>\n      \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10db\u10dd\u10ea\u10e3\u10da\u10dd\u10d1\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d0\u10e1\u10d7\u10d0\u10dc \u10d4\u10e0\u10d7\u10d0\u10d3 \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10eb\u10da\u10d8\u10d4\u10e0\u10d8 \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d0\u10ea \u10d9\u10d8 \u10e3\u10de\u10e0\u10d4\u10ea\u10d4\u10dc\u10d3\u10d4\u10dc\u10e2\u10dd\u10d3 \u10e3\u10dc\u10d3\u10d0 \u10d2\u10d0\u10db\u10dd\u10d8\u10ea\u10d0\u10d3\u10dd\u10e1. 2007 \u10ec\u10da\u10d8\u10e1 \u10d7\u10d4\u10d1\u10d4\u10e0\u10d5\u10d0\u10da\u10e8\u10d8 \u10e8\u10d4\u10e4\u10d4\u10e0\u10ee\u10d4\u10d1\u10d4\u10d1\u10d8 \u10d8\u10e7\u10dd \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d6\u10d4, \u10e0\u10dd\u10d3\u10d4\u10e1\u10d0\u10ea \u10d2\u10d0\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d9\u10d5\u10d4\u10d7\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10e4\u10d0\u10dbDow-\u10d8 \u10d2\u10d0\u10d3\u10d0\u10e2\u10d5\u10d8\u10e0\u10d7\u10d0 \u10d3\u10d0 \u10dc\u10d0\u10d7\u10da\u10d0\u10d3 \u10d0\u10e9\u10d5\u10d4\u10dc\u10d0, \u10d7\u10e3 \u10e0\u10d0 \u10d0\u10d3\u10d5\u10d8\u10da\u10d0\u10d3 \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d0\u10e0\u10d4\u10d5\u10d3\u10d0\u10e0\u10d4\u10d5\u10d0, \u10e0\u10dd\u10d3\u10d4\u10e1\u10d0\u10ea \u10d8\u10e1 \u10d9\u10dd\u10db\u10de\u10d8\u10e3\u10e2\u10d4\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d8\u10db\u10d0\u10e0\u10d7\u10d4\u10d1\u10d0. \u10d2\u10d0\u10db\u10dd\u10d9\u10d5\u10da\u10d4\u10d5\u10d4\u10d1\u10db\u10d0 \u10d0\u10e9\u10d5\u10d4\u10dc\u10d0, \u10e0\u10dd\u10db \u10d1\u10dd\u10da\u10dd \u10dd\u10e0 \u10ec\u10d4\u10da\u10d8\u10ec\u10d0\u10d3\u10e8\u10d8 \u10d1\u10e0\u10dd\u10d9\u10d4\u10e0\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10d4\u10e0 \u10d2\u10d0\u10d2\u10d6\u10d0\u10d5\u10dc\u10d8\u10da\u10d8 \u10e2\u10d4\u10e5\u10e1\u10e2\u10e3\u10e0\u10d8 \u10e8\u10d4\u10e2\u10e7\u10dd\u10d1\u10d8\u10dc\u10d4\u10d1\u10d4\u10d1\u10d8 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10ec\u10d0\u10db\u10e8\u10d8 25 000-\u10d3\u10d0\u10dc 300 000-\u10db\u10d3\u10d4 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<br \/>\n      \u10e4\u10d8\u10e5\u10e0\u10d8\u10e1 \u10e1\u10d0\u10db\u10e1\u10ef\u10d0\u10d5\u10e0\u10dd\u10d6\u10d4<br \/>\n      \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10dd\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d8\u10d1\u10e0\u10eb\u10d5\u10d8\u10d0\u10dc. \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d2\u10d0\u10db\u10d0\u10e0\u10ef\u10d5\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10e1\u10d8\u10e1\u10e2\u10d4\u10db\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10e3\u10db\u10ef\u10dd\u10d1\u10d4\u10e1\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10e8\u10d4\u10e0\u10ec\u10e7\u10db\u10d0 \u10e1\u10d0\u10d9\u10db\u10d0\u10e0\u10d8\u10e1\u10d8 \u10d0\u10e0 \u10d0\u10e0\u10d8\u10e1. \u10db\u10d0\u10d7 \u10d8\u10ea\u10d8\u10d0\u10dc, \u10e0\u10dd\u10db \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d8\u10e1 \u10e8\u10d4\u10dc\u10d0\u10e0\u10e9\u10e3\u10dc\u10d4\u10d1\u10d0 \u10e0\u10d7\u10e3\u10da\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10d0, \u10d0\u10db\u10d8\u10e2\u10dd\u10db \u10d0\u10ee\u10d0\u10da\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d8\u10e1\u10d9\u10d4\u10dc \u10d3\u10d0 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1\u10d9\u10d4\u10dc \u10d8\u10e6\u10d4\u10d1\u10d4\u10dc \u10d2\u10d4\u10d6\u10e1, \u10d4\u10e1 \u10d2\u10d0\u10dc\u10e1\u10d0\u10d9\u10e3\u10d7\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d0\u10d6\u10d8\u10d0\u10e1 \u10d4\u10ee\u10d4\u10d1\u10d0. \u10d0\u10ee\u10d0\u10da \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d0\u10d3 \u10d9\u10d8 \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc\u10d8 \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10d0, \u10e0\u10d0\u10ea \u10db\u10d4\u10ec\u10d8\u10da\u10d4\u10d4\u10d1\u10e1 \u10d1\u10d4\u10d3\u10dc\u10d8\u10d4\u10e0\u10d4\u10d1\u10d0\u10e1 \u10d0\u10dc\u10d8\u10ed\u10d4\u10d1\u10e1.<br \/>\n       \u10d0\u10d6\u10d8\u10d0 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d8\u10db\u10d8\u10d7 \u10d8\u10d6\u10d8\u10d3\u10d0\u10d5\u10e1, \u10e0\u10dd\u10db \u10db\u10d8\u10e1\u10d8 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d8 \u10d3\u10e6\u10d8\u10d7\u10d8\u10d3\u10e6\u10d4 \u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10db\u10d8\u10e1 \u10e2\u10d4\u10e0\u10d8\u10e2\u10dd\u10e0\u10d8\u10d0\u10d6\u10d4 \u10e1\u10d0\u10ee\u10d4\u10da\u10db\u10ec\u10d8\u10e4\u10dd\u10e1 \u10d9\u10e3\u10d7\u10d5\u10dc\u10d8\u10da\u10d4\u10d1\u10d0\u10e8\u10d8 \u10db\u10e7\u10dd\u10e4\u10d8 \u10d2\u10d8\u10d2\u10d0\u10dc\u10e2\u10d4\u10d1\u10d8\u10e1 \u10de\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10d8 \u10e1\u10e0\u10e3\u10da\u10d3\u10d4\u10d1\u10d0. \u10de\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d6\u10d4\u10d1\u10e3\u10da\u10d8 \u10e4\u10d8\u10e0\u10db\u10d4\u10d1\u10d8\u10e1 \u10e3\u10db\u10d4\u10e2\u10d4\u10e1\u10dd\u10d1\u10d0 \u10d9\u10d8 \u10e1\u10d0\u10ee\u10da\u10e8\u10d8 \u10d3\u10d0\u10e0\u10e9\u10d4\u10dc\u10d0\u10e1 \u10d0\u10db\u10ef\u10dd\u10d1\u10d8\u10dc\u10d4\u10d1\u10e1. \u10e0\u10d4\u10d2\u10d8\u10dd\u10dc\u10d8\u10e1 \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10d2\u10d0\u10e1\u10e3\u10da \u10ec\u10d4\u10da\u10d7\u10d0\u10dc \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 37%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0.<br \/>\n      \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10d4\u10d5\u10e0\u10dd\u10de\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8 \u10d0\u10d6\u10d8\u10d0\u10e8\u10d8 \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10d8\u10e1 \u10eb\u10da\u10d8\u10d4\u10e0\u10d8 \u10e1\u10e3\u10e0\u10d5\u10d8\u10da\u10d8\u10d7 \u10d0\u10e0\u10d8\u10d0\u10dc \u10d0\u10dc\u10d7\u10d4\u10d1\u10e3\u10da\u10dc\u10d8, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10ef\u10d4\u10e0-\u10ef\u10d4\u10e0\u10dd\u10d1\u10d8\u10d7 \u10d1\u10d4\u10d5\u10e0\u10d8 \u10e8\u10d4\u10db\u10dd\u10d7\u10d0\u10d5\u10d0\u10d6\u10d4\u10d1\u10d0 \u10d0\u10e0 \u10d0\u10e5\u10d5\u10d7. \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 \u10e3\u10e4\u10e0\u10dd \u10e8\u10dd\u10e0\u10e1 \u10ec\u10d0\u10d5\u10d8\u10d3\u10d0, \u10db\u10d0\u10dc \u10e2\u10dd\u10d9\u10d8\u10dd\u10e1\u10d7\u10d0\u10dc \u10d3\u10d0 \u10d8\u10dc\u10d3\u10dd\u10d4\u10d7\u10d8\u10e1 \u10d4\u10e0\u10dd\u10d5\u10dc\u10e3\u10da \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d8\u10e0\u10df\u10d0\u10e1\u10d7\u10d0\u10dc \u10d0\u10da\u10d8\u10d0\u10dc\u10e1\u10e1 \u10db\u10dd\u10d0\u10ec\u10d4\u10e0\u10d0 \u10ee\u10d4\u10da\u10d8. \u10d8\u10d0\u10de\u10dd\u10dc\u10d8\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 \u10db\u10d9\u10d5\u10d4\u10d7\u10e0 \u10ea\u10d5\u10da\u10d8\u10da\u10d4\u10d1\u10d4\u10d1\u10e1 2009 \u10ec\u10da\u10d0\u10db\u10d3\u10d4 \u10d0\u10e0 \u10d2\u10d4\u10d2\u10db\u10d0\u10d5\u10e1. \u10d0\u10d6\u10d8\u10d0\u10e8\u10d8 \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1 \u10e3\u10db\u10d4\u10e2\u10d4\u10e1\u10dd\u10d1\u10d0 \u10ef\u10d4\u10e0 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10d8\u10db\u10d0\u10e1 \u10dc\u10d8\u10e8\u10dc\u10d0\u10d5\u10e1, \u10e0\u10dd\u10db \u10db\u10d4\u10dd\u10e0\u10d4 \u10db\u10ee\u10d0\u10e0\u10d4 \u10db\u10d4\u10d2\u10dd\u10d1\u10d0\u10e0\u10d6\u10d4 \u10dd\u10d3\u10dc\u10d0\u10d5 \u10db\u10d4\u10e2\u10d0\u10d3 \u10db\u10d8\u10d8\u10e9\u10dc\u10d4\u10d5\u10d0. \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d8\u10db\u10d4\u10d3\u10d8 \u10db\u10d0\u10d8\u10dc\u10ea \u10d0\u10e0 \u10d9\u10d5\u10d3\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10e1\u10ec\u10d0\u10db\u10d7, \u10e0\u10dd\u10db \u10e1\u10e3\u10da \u10db\u10d0\u10da\u10d4 \u10d3\u10d0\u10d3\u10d2\u10d4\u10d1\u10d0 \u10d8\u10e1 \u10e1\u10d0\u10dc\u10d0\u10e2\u10e0\u10d4\u10da\u10d8 \u10d3\u10e0\u10dd, \u10e0\u10dd\u10d3\u10d4\u10e1\u10d0\u10ea \u10e9\u10d8\u10dc\u10d4\u10d7\u10d8 \u10db\u10d8\u10e1\u10d8 \u10d1\u10d8\u10e0\u10df\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10db\u10d4\u10d2\u10dd\u10d1\u10e0\u10d8\u10e1 \u10eb\u10d8\u10d4\u10d1\u10d0\u10e1 \u10d3\u10d0\u10d8\u10ec\u10e7\u10d4\u10d1\u10e1.<br \/>\n      \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10db\u10d0\u10e0\u10d7 \u10d8\u10dc\u10e2\u10d4\u10e0\u10d4\u10e1\u10db\u10d0 \u10e3\u10e4\u10e0\u10dd \u10db\u10d0\u10e2\u10d4\u10e0\u10d8\u10d0\u10da\u10e3\u10e0\u10d8 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d8 \u10d2\u10d0\u10db\u10dd\u10d8\u10e6\u10dd. \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1 \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d8\u10e0\u10df\u10d0\u10db \u10da\u10dd\u10dc\u10d3\u10dd\u10dc\u10e8\u10d8 \u10d3\u10d0\u10e4\u10e3\u10eb\u10d5\u10dc\u10d4\u10d1\u10e3\u10da\u10d8 LIFFE \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d8 Euronext-\u10d8\u10e1 \u10e8\u10d4\u10e0\u10ec\u10e7\u10db\u10d8\u10e1 \u10e1\u10d0\u10e4\u10e3\u10eb\u10d5\u10d4\u10da\u10d6\u10d4 \u10db\u10dd\u10d8\u10de\u10dd\u10d5\u10d0. \u10db\u10d0\u10dc \u10de\u10d0\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10ea \u10e9\u10d0\u10db\u10dd\u10d0\u10e7\u10d0\u10da\u10d8\u10d1\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10e1\u10d0\u10ea \u10e3\u10d9\u10d5\u10d4 \u10d0\u10db\u10d4\u10e0\u10d8\u10d9\u10d8\u10e1 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 11%-\u10d6\u10d4 \u10db\u10d4\u10e2\u10d8 \u10e3\u10ed\u10d8\u10e0\u10d0\u10d5\u10e1.<br \/>\n      NASDAQ-\u10d8\u10ea \u10d2\u10d4\u10d2\u10db\u10d0\u10d5\u10e1 \u10de\u10d0\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d8\u10e1 \u10e8\u10d4\u10e5\u10db\u10dc\u10d0\u10e1, \u10d7\u10e3 \u10db\u10d0\u10dc\u10d0\u10db\u10d3\u10d4 \u10d0\u10e0 \u10e8\u10d4\u10d8\u10eb\u10d8\u10dc\u10d0 \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7\u10d8 \u10db\u10d0\u10d7\u10d2\u10d0\u10dc\u10d8 (\u10d8\u10e1 \u10db\u10dd\u10da\u10d0\u10de\u10d0\u10e0\u10d0\u10d9\u10d4\u10d1\u10d4\u10d1\u10e1 \u10e4\u10d8\u10da\u10d0\u10d3\u10d4\u10da\u10e4\u10d8\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10e1\u10d7\u10d0\u10dc \u10d0\u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10e1). \u10e9\u10d8\u10d9\u10d0\u10d2\u10dd\u10e8\u10d8 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 &#8220;\u10d1\u10e0\u10eb\u10dd\u10da\u10d8\u10e1&#8221; \u10e1\u10d0\u10e4\u10e3\u10eb\u10d5\u10d4\u10da\u10d6\u10d4 \u10d7\u10d0\u10db\u10d0\u10db\u10d0\u10d3 \u10e8\u10d4\u10d2\u10d5\u10d8\u10eb\u10da\u10d8\u10d0 \u10d2\u10d0\u10dc\u10d5\u10d0\u10ea\u10ee\u10d0\u10d3\u10dd\u10d7, \u10e0\u10dd\u10db \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8 \u10d2\u10da\u10dd\u10d1\u10d0\u10da\u10e3\u10e0 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10dd\u10d1\u10d8\u10e1 \u10db\u10dd\u10e1\u10d0\u10de\u10dd\u10d5\u10d4\u10d1\u10d4\u10da\u10d8 \u10e4\u10e0\u10dd\u10dc\u10e2\u10d8\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10e1\u10d0\u10ea \u10d2\u10d5\u10d4\u10e0\u10d3\u10e1 \u10d5\u10d4\u10e0\u10d0\u10d5\u10d8\u10dc \u10d0\u10e3\u10e5\u10ea\u10d4\u10d5\u10e1.<br \/>\n      \u10e4\u10d0\u10e5\u10e2\u10d8\u10d0, \u10e0\u10dd\u10db \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10d8, \u10de\u10d0\u10d8\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10db\u10e1\u10d2\u10d0\u10d5\u10e1\u10d8 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d8 \u10e3\u10e4\u10e0\u10dd \u10d3\u10d0 \u10e3\u10e4\u10e0\u10dd \u10db\u10d8\u10db\u10d6\u10d8\u10d3\u10d5\u10d4\u10da\u10d8 \u10ee\u10d3\u10d4\u10d1\u10d0, \u10d0\u10dc\u10e3, \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10d8 \u10e3\u10e4\u10e0\u10dd \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d8\u10d0\u10dc\u10d8 \u10ee\u10d3\u10d4\u10d1\u10d0. \u10d0\u10db\u10d8\u10e1 \u10db\u10d8\u10d6\u10d4\u10d6\u10d0\u10d3 \u10d9\u10d8 \u10d1\u10d4\u10d5\u10e0\u10d8 \u10e4\u10d0\u10e5\u10e2\u10d8\u10e1 \u10db\u10dd\u10e7\u10d5\u10d0\u10dc\u10d0\u10d0 \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10d4\u10da\u10d8. \u10d6\u10e0\u10d3\u10d0 \u10dc\u10d0\u10db\u10d3\u10d5\u10d8\u10da\u10d0\u10d3 \u10d4\u10e4\u10d4\u10e5\u10e2\u10e3\u10e0\u10d8 \u10d3\u10d0 \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10e3\u10da\u10d8\u10d0: \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, 2000-2005 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 Chikago Merkantile Exchange-\u10d6\u10d4 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10ec\u10d4\u10da\u10d8\u10ec\u10d0\u10d3\u10e8\u10d8 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd\u10d3 36.4%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0, \u10ee\u10dd\u10da\u10dd \u10dc\u10d8\u10e3-\u10d8\u10dd\u10e0\u10d9\u10d8\u10e1 \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d8\u10e0\u10df\u10d0\u10d6\u10d4 \u10d9\u10d8 &#8211; 15.5%-\u10d8\u10d7. Hedge \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10e1 \u10d4\u10d1\u10db\u10d8\u10e1, \u10e0\u10d0\u10d3\u10d2\u10d0\u10dc \u10d0\u10db\u10d8\u10e1 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10d4\u10d1\u10d8\u10d7 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d4\u10d1\u10d8\u10e1 \u10e1\u10e2\u10d0\u10d2\u10dc\u10d0\u10ea\u10d8\u10d8\u10e1 \u10d0\u10dc \u10db\u10d9\u10d5\u10d4\u10d7\u10e0\u10d8 \u10d6\u10e0\u10d3\u10d8\u10e1 \u10e8\u10d4\u10db\u10d7\u10ee\u10d5\u10d4\u10d5\u10d0\u10e8\u10d8 \u10d0\u10d3\u10d5\u10d8\u10da\u10d8\u10d0 \u10e0\u10d8\u10e1\u10d9\u10d4\u10d1\u10d8\u10e1\u10d0 \u10d3\u10d0 \u10dc\u10d0\u10e1\u10d4\u10e1\u10ee\u10d4\u10d1\u10d8 \u10e4\u10e3\u10da\u10d8\u10e1 \u10db\u10d0\u10e0\u10d7\u10d5\u10d0. \u10d0\u10e5\u10ea\u10d8\u10d4\u10d1\u10d8\u10d7 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10d9\u10d8 \u10d7\u10d8\u10d7\u10e5\u10db\u10d8\u10e1 \u10d8\u10eb\u10e3\u10da\u10d4\u10d1\u10d8\u10d7 \u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0 \u10e4\u10d8\u10e0\u10db\u10d4\u10d1\u10d8\u10e1 \u10db\u10d8\u10d4\u10e0.<br \/>\n      \u10d0\u10dc\u10d0\u10da\u10d8\u10e2\u10d8\u10d9\u10dd\u10e1\u10d4\u10d1\u10d8 \u10dd\u10e0 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d6\u10d4 \u10db\u10d8\u10d2\u10d5\u10d8\u10d7\u10d8\u10d7\u10d4\u10d1\u10d4\u10dc: \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10d8\u10d0 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d4\u10e4\u10d8\u10ea\u10d8\u10e2\u10d8. \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 \u10db\u10ee\u10dd\u10da\u10dd\u10d3 \u10d0\u10d7\u10d4\u10e3\u10da\u10d8 \u10d0\u10dc \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7 \u10d0\u10db\u10d3\u10d4\u10dc\u10d8 \u10dc\u10d4\u10d1\u10d8\u10e1\u10db\u10d8\u10d4\u10e0\u10d8 \u10d6\u10dd\u10db\u10d8\u10e1 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0. \u10db\u10d4\u10dd\u10e0\u10d4 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d9\u10d8 \u10d8\u10e1 \u10d0\u10e0\u10d8\u10e1, \u10e0\u10dd\u10db \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d8 \u10d0\u10e5\u10d5\u10d7 \u10d3\u10d0 \u10d8\u10e1\u10d8\u10dc\u10d8 \u10db\u10e7\u10d0\u10e0\u10d0\u10d3 \u10e3\u10ed\u10d8\u10e0\u10d0\u10d5\u10e1. \u10e1\u10d0\u10d0\u10e5\u10ea\u10d8\u10dd \u10d1\u10d8\u10e0\u10df\u10d0\u10e1 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0 \u10db\u10d4\u10e2\u10dd\u10e5\u10d4\u10d7\u10d0 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e8\u10d8 \u10e9\u10d0\u10d4\u10e0\u10d8\u10dd\u10e1, \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10d0\u10e0\u10e1 \u10d8\u10e5 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d8\u10e1 \u10d9\u10dd\u10dc\u10e2\u10e0\u10d0\u10e5\u10e2\u10d4\u10d1\u10d6\u10d4 \u10e1\u10d0\u10d9\u10e3\u10d7\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e3\u10e4\u10da\u10d4\u10d1\u10d0 \u10d0\u10e5\u10d5\u10e1, \u10e0\u10d0\u10ea \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3\u10d8 \u10d8\u10dc\u10d3\u10d4\u10e5\u10e1\u10d4\u10d1\u10d8\u10e1 \u10db\u10d4\u10de\u10d0\u10e2\u10e0\u10dd\u10dc\u10d4\u10e1\u10d7\u10d0\u10dc \u10d8\u10e1\u10d4\u10d7\u10d8 \u10e1\u10d0\u10da\u10d8\u10ea\u10d4\u10dc\u10d6\u10d8\u10dd \u10e8\u10d4\u10d7\u10d0\u10dc\u10ee\u10db\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10d3\u10d4\u10d2\u10d8\u10d0, \u10e0\u10dd\u10d2\u10dd\u10e0\u10d4\u10d1\u10d8\u10ea\u10d0\u10d0 S&amp;P 500, \u10d3\u10d0 NASDAQ 100. \u10d0\u10ee\u10d0\u10da \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d7\u10d0\u10d5\u10d8\u10e1\u10e3\u10e4\u10da\u10d0\u10d3 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7 \u10db\u10e1\u10d2\u10d0\u10d5\u10e1\u10d8 \u10d9\u10dd\u10dc\u10e2\u10e0\u10d0\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d3\u10d2\u10d4\u10dc\u10d0, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10db\u10d0\u10d7\u10d8 \u10d8\u10d3\u10d4\u10dc\u10e2\u10e3\u10e0\u10dd\u10d1\u10d0 \u10d2\u10d0\u10db\u10dd\u10e0\u10d8\u10ea\u10ee\u10e3\u10da\u10d8\u10d0.<br \/>\n      \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0\u10e8\u10d8 \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10db\u10e2\u10d9\u10d8\u10ea\u10d4 \u10d2\u10d0\u10e1\u10d0\u10e6\u10d4\u10d1\u10d8\u10e1 \u10db\u10e5\u10dd\u10dc\u10d4 \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8 \u10d8\u10e1\u10d8\u10dc\u10d8 \u10d0\u10e0\u10d8\u10d0\u10dc, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1\u10d0\u10ea \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d2\u10d0\u10db\u10dd\u10db\u10d7\u10d5\u10da\u10d4\u10da\u10d8, \u10d3\u10d0\u10db\u10ee\u10db\u10d0\u10e0\u10d4 \u10dd\u10e4\u10d8\u10e1\u10d4\u10d1\u10d8 \u10d2\u10d0\u10d0\u10e9\u10dc\u10d8\u10d0\u10d7, \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, Eurex, CME-\u10d8, \u10db\u10d0\u10d7 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7 \u10d9\u10da\u10d8\u10d4\u10dc\u10e2\u10d4\u10d1\u10e1 \u10e8\u10d4\u10d3\u10d0\u10e0\u10d4\u10d1\u10d8\u10d7 \u10d8\u10d0\u10e4\u10d8 \u10d3\u10d0 \u10e1\u10ec\u10e0\u10d0\u10e4\u10d8 \u10ec\u10d8\u10dc\u10d0\u10d3\u10d0\u10d3\u10d4\u10d1\u10d4\u10d1\u10d8 \u10e8\u10d4\u10e1\u10d7\u10d0\u10d5\u10d0\u10d6\u10dd\u10dc. \u10d0\u10e1\u10d4\u10d7\u10d8 \u10d5\u10d4\u10e0\u10e2\u10d8\u10d9\u10d0\u10da\u10e3\u10e0\u10d8 \u10d8\u10dc\u10e2\u10d4\u10d2\u10e0\u10d0\u10ea\u10d8\u10d0 \u10e1\u10d0\u10d3\u10d0\u10d5\u10dd \u10e1\u10d0\u10d9\u10d8\u10d7\u10ee\u10d8\u10d0 \u10d3\u10d0 \u10d8\u10e1 \u10ee\u10d0\u10dc\u10d2\u10e0\u10eb\u10da\u10d8\u10d5\u10d0\u10d3 \u10d5\u10d4\u10e0 \u10d8\u10d0\u10e0\u10e1\u10d4\u10d1\u10d4\u10d1\u10e1. \u10ec\u10d0\u10e0\u10e1\u10e3\u10da\u10e8\u10d8 \u10d4\u10d5\u10e0\u10dd\u10de\u10d8\u10e1 \u10e1\u10d0\u10d1\u10ed\u10dd\u10db \u10e5\u10d0\u10e0\u10d0\u10d2\u10db\u10d4\u10d1\u10d8\u10e1 \u10db\u10d4\u10e8\u10d5\u10d4\u10dd\u10d1\u10d8\u10d7 \u10d2\u10d0\u10dc\u10d0\u10ea\u10ee\u10d0\u10d3\u10d0, \u10e0\u10dd\u10db \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10d2\u10d4\u10e0\u10db\u10d0\u10dc\u10d8\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 \u10d0\u10d8\u10eb\u10e3\u10da\u10dd\u10e1 \u10d2\u10d0\u10db\u10dd\u10db\u10d7\u10d5\u10d4\u10da\u10d4\u10da\u10d8 \u10de\u10d0\u10da\u10d0\u10e2\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10d7\u10d0\u10d5\u10d8\u10e1\u10e3\u10e4\u10da\u10d3\u10d4\u10e1, \u10d7\u10e3\u10db\u10ea\u10d0 \u10d0\u10db \u10db\u10dd\u10db\u10d4\u10dc\u10e2\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d6\u10d4\u10ec\u10dd\u10da\u10d0 \u10d0\u10e6\u10d0\u10e0 \u10e8\u10d4\u10d8\u10db\u10e9\u10dc\u10d4\u10d5\u10d0.<br \/>\n      \u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8 \u10d0\u10ea\u10ee\u10d0\u10d3\u10d4\u10d1\u10d4\u10dc, \u10e0\u10dd\u10db \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10d0\u10e5\u10d5\u10d7 \u10d4\u10e0\u10d7\u10d8 \u10db\u10d8\u10d6\u10d4\u10d6\u10d8, \u10e0\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ea \u10e1\u10e3\u10e0\u10d7 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d2\u10d0\u10db\u10dd\u10db\u10d7\u10d5\u10da\u10d4\u10da\u10d8 \u10de\u10d0\u10da\u10d0\u10e2\u10d4\u10d1\u10d8\u10e1 \u10f0\u10e5\u10dd\u10dc\u10d3\u10d4\u10d7 &#8211; \u10d0\u10db \u10d2\u10d6\u10d8\u10d7 \u10db\u10d0\u10d7 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7 \u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10da\u10d4\u10d1\u10e1 \u10d3\u10d0\u10db\u10ee\u10db\u10d0\u10e0\u10d4 \u10dd\u10e4\u10d8\u10e1\u10d8\u10e1 \u10e1\u10d4\u10e0\u10d5\u10d8\u10e1\u10d8 \u10e8\u10d4\u10e1\u10d7\u10d0\u10d5\u10d0\u10d6\u10dd\u10dc. \u10d4\u10e1 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10e1 \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10da\u10dd\u10d1\u10d0\u10e1 \u10d0\u10eb\u10da\u10d4\u10d5\u10e1 \u10e7\u10d5\u10d4\u10da\u10d2\u10d0\u10dc \u10e8\u10d4\u10d0\u10db\u10ea\u10d8\u10e0\u10dd\u10dc \u10db\u10d7\u10da\u10d8\u10d0\u10dc\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10db\u10dd\u10ea\u10e3\u10da\u10dd\u10d1\u10d0, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d3\u10d0\u10e1\u10d0\u10e4\u10d0\u10e0 \u10de\u10dd\u10d6\u10d8\u10ea\u10d8\u10d0\u10d6\u10d4 \u10e3\u10dc\u10d3\u10d0 \u10d2\u10d0\u10d3\u10d0\u10d5\u10d8\u10d3\u10d4\u10e1. \u10d0\u10db\u10d8\u10d7 \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10d4\u10d1\u10d4\u10da\u10d8\u10d0 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d8\u10e1 \u10d3\u10d8\u10d3 \u10dc\u10d0\u10ec\u10d8\u10da\u10d6\u10d4 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10d8 \u10e4\u10e1\u10dd\u10dc\u10d8 \u10d2\u10d0\u10d9\u10d4\u10d7\u10d3\u10d4\u10e1. \u10e7\u10d5\u10d4\u10da\u10d0\u10e4\u10d4\u10e0\u10d7\u10d0\u10dc \u10d4\u10e0\u10d7\u10d0\u10d3, \u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10d8, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1\u10d0\u10ea \u10d2\u10d0\u10db\u10dd\u10db\u10d7\u10d5\u10da\u10d4\u10da\u10d8 \u10de\u10d0\u10da\u10d0\u10e2\u10d4\u10d1\u10d8 \u10d0\u10e5\u10d5\u10d7, \u10d3\u10d0\u10e0\u10ec\u10db\u10e3\u10dc\u10d4\u10d1\u10e3\u10da\u10dc\u10d8 \u10d0\u10e0\u10d8\u10d0\u10dc, \u10e0\u10dd\u10db \u10db\u10d0\u10d7 \u10d2\u10d8\u10d2\u10d0\u10dc\u10e2\u10e3\u10e0\u10d8 \u10d0\u10e0\u10d0\u10e1\u10d0\u10d1\u10d8\u10e0\u10df\u10dd \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d0\u10d6\u10e0\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc \u10d1\u10d8\u10d6\u10dc\u10d4\u10e1\u10d4\u10d1\u10d8\u10e1 \u10ee\u10d4\u10da\u10d8\u10d3\u10d0\u10dc \u10d2\u10d0\u10db\u10dd\u10d2\u10da\u10d4\u10ef\u10d0 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0\u10d7.<br \/>\n      \u10d2\u10d0\u10db\u10d0\u10e0\u10ef\u10d5\u10d4\u10d1\u10e3\u10da\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10d5\u10da\u10d4\u10dc\u10d0 \u10e1\u10d0\u10d9\u10db\u10d0\u10dd\u10d3 \u10e0\u10d7\u10e3\u10da\u10d8 \u10d8\u10e5\u10dc\u10d4\u10d1\u10d0. \u10d7\u10e3 Chikago Merkantile Exchange-\u10d8 \u10db\u10dd\u10d0\u10ee\u10d4\u10e0\u10ee\u10d4\u10d1\u10e1 \u10e9\u10d8\u10d9\u10d0\u10d2\u10dd\u10e1 \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10de\u10d0\u10da\u10d0\u10e2\u10d0\u10e1\u10d7\u10d0\u10dc \u10e8\u10d4\u10d7\u10d0\u10dc\u10ee\u10db\u10d4\u10d1\u10d0\u10e1, \u10db\u10d0\u10e8\u10d8\u10dc \u10d4\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0 \u10d9\u10dd\u10dc\u10d9\u10e3\u10e0\u10d4\u10dc\u10e2\u10d4\u10d1\u10e1 \u10e9\u10d0\u10db\u10dd\u10d8\u10e2\u10dd\u10d5\u10d4\u10d1\u10e1, \u10d7\u10e3\u10db\u10ea\u10d0 \u10d6\u10dd\u10d2\u10d8\u10d4\u10e0\u10d7\u10d4\u10d1\u10d8 \u10e3\u10dc\u10d3\u10dd\u10d1\u10da\u10dd\u10d1\u10d8\u10e1 \u10e1\u10d0\u10e4\u10e3\u10eb\u10d5\u10d4\u10da\u10d6\u10d4 \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d0\u10d1\u10da\u10dd\u10d9\u10d5\u10d0\u10e1 \u10d8\u10d7\u10ee\u10dd\u10d5\u10d4\u10dc. InternationalExchange-\u10d8\u10e1 \u10d2\u10d0\u10db\u10d0\u10e0\u10ef\u10d5\u10d4\u10d1\u10d0 Wall Street-\u10d7\u10d0\u10dc \u10db\u10d8\u10db\u10d0\u10e0\u10d7\u10d4\u10d1\u10d0\u10e8\u10d8 \u10d0\u10d8\u10e1\u10d0\u10ee\u10d4\u10d1\u10d0, \u10d0\u10db\u10d8\u10e2\u10dd\u10db Chikago Merkantile Exchange-\u10d8 \u10e1\u10d0\u10db\u10d8\u10d6\u10dc\u10d4\u10d3 NYMEX-\u10e1 \u10d0\u10d8\u10e0\u10e9\u10d4\u10d5\u10e1.<br \/>\n      Deutshe Borse-\u10d8\u10e1 ISE-\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d2\u10d0\u10d9\u10d4\u10d7\u10d4\u10d1\u10e3\u10da\u10d8 \u10e8\u10d4\u10d7\u10d0\u10d5\u10d0\u10d6\u10d4\u10d1\u10d0\u10ea \u10e8\u10d4\u10d8\u10eb\u10da\u10d4\u10d1\u10d0 \u10e0\u10d4\u10d0\u10da\u10e3\u10e0\u10d8 \u10ec\u10d0\u10e0\u10db\u10d0\u10e2\u10d4\u10d1\u10d8\u10e1 \u10e1\u10d0\u10ec\u10d8\u10dc\u10d3\u10d0\u10e0\u10d8 \u10d5\u10d4\u10e0 \u10d2\u10d0\u10ee\u10d3\u10d4\u10e1.Hedge \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10e1, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1\u10d0\u10ea \u10d2\u10d4\u10e0\u10db\u10d0\u10dc\u10d8\u10d8\u10e1 \u10ef\u10d2\u10e3\u10e4\u10d8\u10e1 \u10dc\u10d0\u10ee\u10d4\u10d5\u10d0\u10e0\u10d6\u10d4 \u10db\u10d4\u10e2\u10d8 \u10e3\u10ed\u10d8\u10e0\u10d0\u10d5\u10d7, \u10d0\u10db\u10ef\u10dd\u10d1\u10d8\u10dc\u10d4\u10d1\u10d4\u10dc \u10db\u10d4\u10ec\u10d8\u10da\u10d4\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10dc\u10d0\u10e6\u10d3\u10d8 \u10e4\u10e3\u10da\u10d8\u10e1 \u10d3\u10d0\u10d1\u10e0\u10e3\u10dc\u10d4\u10d1\u10d0\u10e1. \u10d4\u10e0\u10d7-\u10d4\u10e0\u10d7\u10d8 \u10db\u10d0\u10d7\u10d2\u10d0\u10dc\u10d8 Atticus Capital-\u10d8, 11%-\u10d6\u10d4 \u10db\u10d4\u10e2\u10d8 \u10ec\u10d8\u10da\u10d8\u10d7, \u10d2\u10d0\u10dc\u10e0\u10d8\u10e1\u10ee\u10d4\u10d1\u10e3\u10da\u10d8\u10d0 \u10db\u10d4\u10ec\u10d8\u10da\u10d4 \u10d9\u10dd\u10dc\u10ea\u10d4\u10e0\u10dc\u10d4\u10d1\u10d8\u10e1 \u10e3\u10d2\u10e3\u10da\u10d4\u10d1\u10d4\u10da\u10e7\u10dd\u10e4\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd. \u10d0\u10db\u10d0\u10e1\u10dd\u10d1\u10d0\u10e8\u10d8 \u10d9\u10d8 \u10d6\u10dd\u10d2\u10d8\u10d4\u10e0\u10d7\u10d8 Hedge \u10e4\u10dd\u10dc\u10d3\u10d8, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10e1\u10d0\u10ea \u10da\u10dd\u10dc\u10d3\u10dd\u10dc\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d8\u10e1 10-20% \u10d4\u10d9\u10e3\u10d7\u10d5\u10dc\u10d8\u10e1 \u10d3\u10d0 \u10e3\u10d9\u10d5\u10d4 \u10db\u10dd\u10e1\u10d0\u10e0\u10e9\u10da\u10d4\u10ea \u10d2\u10d0\u10db\u10dd\u10d8\u10ea\u10d5\u10d0\u10da\u10d4\u10e1, \u10db\u10e8\u10d5\u10d8\u10d3\u10d0\u10d3 \u10d4\u10eb\u10d4\u10d1\u10d4\u10dc \u10e3\u10d9\u10d4\u10d7\u10d4\u10e1 \u10e8\u10d4\u10db\u10dd\u10d7\u10d0\u10d5\u10d0\u10d6\u10d4\u10d1\u10d4\u10d1\u10e1. \u10d8\u10e1\u10d4 \u10e1\u10e9\u10d0\u10dc\u10e1, \u10d7\u10d8\u10d7\u10e5\u10dd\u10e1 \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10db\u10d0 \u10eb\u10d5\u10d4\u10da \u10d1\u10e0\u10dd\u10d9\u10d4\u10e0\u10d7\u10d0 \u10d3\u10d0\u10db\u10d0\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10d4\u10da\u10d8 \u10eb\u10d0\u10e4\u10d4\u10d1\u10d8 \u10d2\u10d0\u10d3\u10d0\u10ed\u10e0\u10d4\u10e1 \u10d3\u10d0 \u10e1\u10ee\u10d5\u10d0 \u10db\u10e4\u10da\u10dd\u10d1\u10d4\u10da\u10d4\u10d1\u10e1 \u10d4\u10eb\u10d4\u10d1\u10d4\u10dc.<br \/>\n       \u10d2\u10d0\u10e0\u10d8\u10d2\u10d4\u10d1\u10d4\u10d1\u10d8\u10e1 \u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10d0\u10d6\u10d4 \u10d6\u10d4\u10ec\u10dd\u10da\u10d0 \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1. \u10e1\u10d8\u10dc\u10d0\u10db\u10d3\u10d5\u10d8\u10da\u10d4\u10e8\u10d8, \u10da\u10dd\u10dc\u10d3\u10dd\u10dc\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10db \u10e7\u10dd\u10d5\u10d4\u10da\u10d2\u10d5\u10d0\u10e0 \u10db\u10dd\u10da\u10dd\u10d3\u10d8\u10dc\u10e1 \u10d2\u10d0\u10d3\u10d0\u10d0\u10ed\u10d0\u10e0\u10d1\u10d0 \u10d3\u10d0 \u10db\u10d0\u10e0\u10e2\u10e8\u10d8 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10db\u10dd\u10d2\u10d4\u10d1\u10d0 55%-\u10d8\u10d7 \u10d2\u10d0\u10d6\u10d0\u10e0\u10d3\u10d0. \u10db\u10d0\u10e1 \u10d0\u10db\u10dd\u10eb\u10e0\u10d0\u10d5\u10d4\u10d1\u10e1 \u10e0\u10ec\u10db\u10d4\u10dc\u10d0, \u10e0\u10dd\u10db \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10db\u10d0 \u10d2\u10da\u10dd\u10d1\u10d0\u10da\u10d8\u10d6\u10d0\u10ea\u10d8\u10d8\u10e1 \u10de\u10e0\u10dd\u10ea\u10d4\u10e1\u10e8\u10d8 \u10e9\u10d0\u10e0\u10d7\u10e3\u10da\u10d8 \u10e1\u10d0\u10e4\u10d8\u10dc\u10d0\u10dc\u10e1\u10dd \u10d8\u10dc\u10d3\u10e3\u10e1\u10e2\u10e0\u10d8\u10d4\u10d1\u10d8 \u10e3\u10dc\u10d3\u10d0 \u10e9\u10d0\u10d8\u10ed\u10d8\u10e0\u10dd\u10dc \u10d3\u10d0 \u10d8\u10db\u10d8\u10e1 \u10e8\u10d8\u10e8\u10d8, \u10e0\u10dd\u10db \u10e8\u10d4\u10e1\u10d0\u10eb\u10da\u10dd\u10d0 \u10d5\u10d8\u10dc\u10db\u10d4\u10e1 \u10e9\u10d0\u10db\u10dd\u10e0\u10e9\u10d4\u10e1.<br \/>\n       \u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8 \u10d3\u10d0\u10e0\u10ec\u10db\u10e3\u10dc\u10d4\u10d1\u10e3\u10da\u10dc\u10d8 \u10d0\u10e0\u10d8\u10d0\u10dc, \u10e0\u10dd\u10db \u10db\u10dd\u10db\u10d0\u10d5\u10d0\u10da\u10d8 \u10d8\u10db \u10d1\u10d8\u10e0\u10df\u10d4\u10d1\u10e1 \u10d4\u10d9\u10e3\u10d7\u10d5\u10dc\u10d8\u10d7, \u10e0\u10dd\u10db\u10da\u10d4\u10d1\u10d8\u10ea \u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10d4\u10da\u10e1 \u10de\u10e0\u10dd\u10d3\u10e3\u10e5\u10e2\u10d4\u10d1\u10d8\u10e1 \u10db\u10d7\u10da\u10d8\u10d0\u10dc \u10d9\u10d0\u10da\u10d0\u10d7\u10d0\u10e1 \u10e8\u10d4\u10e1\u10d7\u10d0\u10d5\u10d0\u10d6\u10d4\u10d1\u10d4\u10dc &#8211; \u10e4\u10d0\u10e1\u10d8\u10d0\u10dc \u10e5\u10d0\u10e6\u10d0\u10da\u10d3\u10d4\u10d1\u10e1, \u10e1\u10d0\u10d5\u10d0\u10ed\u10e0\u10dd \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10e1, \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10e1, \u10d3\u10d4\u10e0\u10d8\u10d5\u10d0\u10e2\u10d8\u10d5\u10d4\u10d1\u10e1 \u10d3\u10d0 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10d8\u10db\u10d4 \u10d3\u10e0\u10dd\u10d8\u10e1 \u10d6\u10dd\u10dc\u10d0\u10e1. \u10d0\u10da\u10d1\u10d0\u10d7 \u10d8\u10e1 \u10db\u10d0\u10e0\u10d7\u10d0\u10da\u10d8\u10d0. 30 \u10e2\u10e0\u10d8\u10da\u10d8\u10dd\u10dc \u10d3\u10dd\u10da\u10d0\u10e0\u10d0\u10d3 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d5\u10d0\u10ed\u10e0\u10dd\u10d1\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0 \u10de\u10da\u10d0\u10e2\u10e4\u10dd\u10e0\u10db\u10d0\u10d6\u10d4, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10e3\u10d0\u10ee\u10da\u10dd\u10d4\u10e1 \u10db\u10d4\u10e2\u10dd\u10e5\u10d4\u10e1 &#8211; NYSE Euronext \u10dd\u10d7\u10ee\u10ef\u10d4\u10e0 \u10d0\u10e6\u10d4\u10db\u10d0\u10e2\u10d4\u10d1\u10d0, \u10db\u10d0\u10e1 \u10d2\u10d8\u10d2\u10d0\u10dc\u10e2\u10d0\u10d3 \u10d2\u10d0\u10ee\u10d3\u10dd\u10db\u10d8\u10e1 \u10d9\u10d0\u10e0\u10d2 \u10d0\u10e1\u10de\u10d0\u10e0\u10d4\u10d6\u10e1 \u10e3\u10e5\u10db\u10dc\u10d8\u10e1, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10d7\u10e5\u10d5\u10d4\u10dc \u10e9\u10d0\u10db\u10dd\u10ee\u10d5\u10d0\u10da\u10d7 \u10e4\u10e1\u10dd\u10dc\u10e1? \u10d0\u10da\u10d1\u10d0\u10d7 \u10e3\u10d9\u10d5\u10d4 \u10d3\u10e0\u10dd\u10d0 \u10d0\u10e8\u10e8-\u10d8\u10e1 \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10d1\u10d8\u10e0\u10df\u10d0\u10db \u10dd\u10e0\u10db\u10d0\u10d2\u10d8 \u10e4\u10d8\u10e3\u10e9\u10d4\u10e0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10db\u10d6\u10d0\u10d3\u10d4\u10d1\u10d0\u10e1 \u10db\u10d8\u10f0\u10e7\u10dd\u10e1 \u10ee\u10d4\u10da\u10d8.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u10db\u10d0\u10dd\u10db\u10d6\u10d0\u10d3\u10d0 \u10dc\u10d8\u10dc\u10dd \u10d0\u10e0\u10d5\u10d4\u10da\u10d0\u10eb\u10d4\u10db \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10e3\u10e0\u10d8 \u10d1\u10d0\u10d6\u10e0\u10d8\u10e1 \u10d2\u10d0\u10e4\u10d0\u10e0\u10d7\u10dd\u10d4\u10d1\u10d0\u10e1 \u10d2\u10da\u10dd\u10d1\u10d0\u10da\u10e3\u10e0\u10d8 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10dd\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10d1\u10e0\u10eb\u10dd\u10da\u10d0 \u10db\u10dd\u10f0\u10e7\u10d5\u10d0 \u10db\u10dd\u10d5\u10d0\u10ed\u10e0\u10d4\u10d4\u10d1\u10e1 \u10e2\u10d0\u10e0\u10d8\u10e4\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 \u10ec\u10d8\u10dc\u10d0\u10d0\u10e6\u10db\u10d3\u10d4\u10d2\u10dd\u10d1\u10d8\u10e1 \u10d2\u10d0\u10ec\u10d4\u10d5\u10d0 \u10e1\u10d0\u10d9\u10e3\u10d7\u10d0\u10e0\u10d8 \u10d8\u10e6\u10d1\u10da\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ea\u10d3\u10d8\u10e1 \u10db\u10d8\u10d6\u10dc\u10d8\u10d7\u10d0\u10ea \u10d0\u10e0 \u10eb\u10d0\u10da\u10e3\u10eb\u10d7.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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