MICEX
MICEX is the abbreviation for the Moscow Interbank Currency Exchange ( Russian Московская межбанковская валютная биржа ). The Moscow MICEX exchange was the largest and most liquid exchange in Russia .
MICEX was the MICEX Group's centralized trading platform for the Russian capital market. Both the securities trading business and the clearing were taken over by the MICEX Group through various subsidiaries such as MICEX Settlement House, National Depository Center and the National Clearing Center. MICEX operated the foreign exchange exchange, the corporate and government bond trading platform, as well as derivatives and cash market transactions. It had a market share of 90 percent in Russia. In 2006, the trading volume was around 1.9 trillion US dollars .
On June 29, 2011, the Russian trading system RTS and the interbank foreign exchange exchange MICEX signed a legally binding merger agreement. Five major RTS shareholders (Renaissance Capital, Aton Capital, Alfa-Bank, Troika Dialog and Da Vinci Capital) sold a total of 53.7 percent of the shares in MICEX. According to the Central Bank of the Russian Federation , RTS was worth $ 1.15 billion and Micex was worth $ 3.45 billion. 35 percent of the purchase was made in cash and 65 percent by means of a share swap.
The new MICEX-RTS exchange started its service on December 19, 2011 .
Web links
Individual evidence
- ^ Frankfurter Allgemeine Zeitung: Moscow's stock exchanges no longer want to be competitors , from April 14, 2011
- ↑ MICEX and RTS Stock Exchange signed Merger agreement . RTS Exchange, June 29, 2011