MOSCOW EXCHANGE

NAME

Public Joint-Stock Company “Moscow Exchange MICEX-RTS”

Moscow Exchange

MOEX

The MICEX was founded in January 1992. The Moscow Exchange was formed in December 2011 as a result of the merger of two main Russian exchange groups, the MICEX and the RTS.

The Moscow Exchange Group includes Moscow Exchange PJSC, which operates the only multifunctional exchange platform in Russia for trading stocks, bonds, derivatives, currencies, money market instruments and commodities. The Group also includes a central depository (Non-banking credit institution joint-stock company “National Settlement Depository”), as well as a clearing center (Non-banking credit institution – central counterparty “National Clearing Center” (Joint-stock company), performing the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services. Moscow Exchange was formed in December 2011 as a result of the merger of two main Russian exchange groups: the MICEX Group, the oldest national exchange and the leading Russian operator of the securities, currency and money markets, and the RTS Group, the largest operator of the derivatives market at that time. The vertically integrated structure that emerged as a result of the merger, providing the ability to trade all major asset categories, was transformed into an open joint-stock company (OJSC) and renamed Moscow Exchange.

Managment structure
General Meeting of Shareholders
Supervisory Board
Chairman of the Board
Governing body

Authorized capital
43.6 million US dollars (31.03.2018)

Main markets

Securities are traded on the Moscow Exchange Stock Market in three sectors: Main Market, Standard and Classica. Derivative financial instruments are traded on the Derivatives Market of the Moscow Exchange (stock, currency and commodity derivatives, as well as futures on interest rates). Foreign currency trading takes place on the Forex Market in the electronic trading system, which unites regional technical centers in a single trading session (ETS). In part of the repo market, trades are held in the following modes: repos with stocks, bonds; direct repos with the Bank of Russia; REPO with the Central Counterparty. Trading in exchange commodities in gold, grain, and sugar was organized on the National Commodity Exchange.

Stock market indices: the MICEX index is based on ruble (Russian ruble) price values. The RTS index is based on dollar (US dollar) price values. Sectoral indices of the most liquid shares of Russian issuers belonging to the main industry segments of the Russian market (currently 8 industries are represented). Capitalization indices of the most liquid stocks of Russian issuers, segmented by capitalization.

The Moscow Exchange family of bond indices includes the Corporate Bond Index (MICEX СBI), the Municipal Bond Index (MICEX MBI) and the Government Bond Index (RGBI), reflecting the situation in various segments of the Russian bond market. The exchange calculates pension savings market indices, volatility index, which is based on the price volatility of options on the RTS Index, as well as the regional index of the Siberian Federal District.