Russian Trading System

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Russian Trading System
legal form Corporation
founding 5th July 1995
Seat Moscow , Russia
management Roman Gorjunow ( CEO )
Number of employees 1,000 (2010)
Branch Exchanges
Website www.rts.ru

Russian Trading System (abbreviated RTS , Russian Российская Торговая Система , German  Russian trading system ) was a Russian stock exchange in Moscow . It was created on July 5, 1995 based on the model of the American technology exchange NASDAQ . After MICEX, RTS was the trading platform with the highest sales volume in Russia. The exchange publishes the RTS index , which is considered the international benchmark for Russian securities trading.

The new MICEX-RTS exchange started its service on December 19, 2011 .

overview

RTS is the trading platform with the second highest sales volume in Russia. While the Russian trading system RTS quotes in US dollars and the number of listed companies is higher, the Moscow interbank currency exchange MICEX (Moscow Interbank Currency Exchange), on which the shares are quoted in rubles , has higher daily trading volumes.

Initially created as a non-profit organization , RTS is currently in the process of reorganization with the conversion into a stock corporation. RTS data is distributed worldwide by major international providers such as Thomson Reuters . Trading hours are Monday through Friday from 10:30 a.m. to 6:00 p.m. local time (8:30 a.m. to 4:00 p.m. CET ).

Similar to Deutsche Börse in Frankfurt am Main, RTS in Moscow makes its system available to foreign exchanges with low turnover as a trading platform for a fee. There are cooperation agreements with the stock exchanges in Bulgaria, Armenia and Georgia.

history

The forerunner of the RTS was the MISE (Moscow International Stock Exchange), which was founded on November 5, 1990. The stock share of the total trading volume in 1992 at the MISE at 0.3 percent, as the business is predominantly OTC ( over-the-counter , OTC) were handled. In the same year, 21 more stock exchanges were created in Russia. After the check and voucher privatization, which lasted from 1992 to 1994, was completed, the establishment of a secondary stock market began. However, the large number of exchanges hindered this development.

In 1994 the National Association of Securities Market Participants (NAUFOR) was established to end the fragmentation of the Russian stock exchanges. NAUFOR took over NASDAQ's over-the-counter electronic trading system. The "Russian Trading System" (RTS) was created on July 5, 1995. In July 1997, the exchange was the first electronic trading system to receive a (limited) license from the FCSM (Federal Commission on the Securities Market) for securities trading. In 1998 the old trading system was replaced by a fully electronic in-house production.

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.

RTS indices

The RTS exchange calculates and publishes several stock indices .

  • RTS-Index (Index symbol - RTSI)
  • RTS Standard Index (Index symbol - RTSSTD)
  • RTS-2 Index (Index symbol - RTS2)
  • RTS Siberia Index (Index symbol - RTSSIB)
  • Sectoral indices

The RTS Index (Russian Trading System Index, RTSI) is a stock index that includes the 50 largest companies on the Russian Trading System in Moscow. The index was introduced on September 1, 1995 with a base value of 100 points. It is an international benchmark for Russian securities trading. The RTS-2 is an index for small caps . It contains medium-sized stock corporations with a relatively low stock market value or low stock exchange turnover .

Web links

Individual evidence

  1. ↑ LinkedIn: RTS Stock Exchange - Company Profile
  2. ↑ Germany Trade and Invest: Moscow wants to compete with Wall Street  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , dated July 29, 2009@1@ 2Template: Dead Link / www.gtai.de  
  3. ↑ Christoph Lattemann: Electronic systems for securities trading in Europe and development opportunities for Russia ( Memento of the original from January 31, 2012 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , University of Potsdam, Potsdam, 2004 (PDF, 159 kB) @1@ 2Template: Webachiv / IABot / www.uni-potsdam.de
  4. ↑ Hartmut Schmidt: Basic and microstructure of Russian stock exchanges , University of Hamburg, Hamburg 2005 (PDF, 647 kB)
  5. ^ Frankfurter Allgemeine Zeitung: Moscow's stock exchanges no longer want to be competitors , from April 14, 2011
  6. ^ RTS Exchange: MICEX and RTS Stock Exchange signed Merger agreement , dated June 29, 2011
  7. ^ RTS Exchange: The RTS Stock Exchange Indices