Individuals were allowed to open investment accounts. By the end of the year, almost 89,000 individual investment accounts had been opened.
IPO: United Wagon Company.
The Exchange signed cooperation agreements with the China Financial Futures Exchange.
The Exchange, Russia’s Ministry of Economic Development and the Federal Agency for State Property Management (Rosimuschestvo) launched two new indices of publicly traded companies.
Moscow Exchange Forum in Shanghai.
The Exchange signed cooperation agreements with the Shanghai Stock Exchange.
Trading in Chinese Renminbi futures was launched.
The settlement cycle for OFZs was switched from T0 to the more convenient
The Supervisory Board adopted a Corporate Governance Code.
Moscow Exchange Forum in New York.
The Exchange signed cooperation agreements with the Gift of Life and Vera charitable foundations.
IPO: Novorossiysk Grain Plant.
Moscow Exchange Forum in Moscow.
IPO: Credit Bank of Moscow.
The RTS Index celebrated its 20th anniversary.
Private investors became eligible to open brokerage accounts remotely.
Moscow Exchange Forum in London.
The National Mercantile Exchange, part of Moscow Exchange Group, launched grain trading.
Establishment of MICEX
The Central Bank and Russia’s largest commercial banks established the Moscow Interbank Currency Exchange (MICEX) on 9 January 1992.
Launch of futures trading
In September, MICEX launched trading in USD and GKO futures. The contracts immediately became very popular in the Russian market.
Launch of corporate bond market.
Debut corporate bond placements were made on MICEX, with Gazprom and Tyumen Oil Company being the first issuers.
MICEX and RTS, Russia’s two largest exchange groups, merged. The unified exchange was named MICEX RTS, then Moscow Exchange MICEX RTS.
Equity market migration to
T+2 trading mode
Moscow Exchange started to settle equity trades on the
Birth of the GKO
In May, the exchange began running auctions and trading on the secondary GKO (short-term government bond) market.
Establishment of National Depository Centre
In January, MICEX and the Central Bank established the National Depository Centre (NDC) to ensure settlement in securities in the exchange-based stock market.
Launch of trading in Gazprom stock on MICEX
In January 2006, MICEX launched trading in shares of Gazprom, Russia’s largest company. Since then, Gazprom shares have been one of the most liquid securities in Russia’s stock market.
Establishment of Russia’s central securities depository
The Federal Financial Markets Service assigned central securities depository status to NSD, which triggered centralised recording of securities ownership.
Corporate Eurobonds begin trading
Moscow Exchange admitted 13 corporate Eurobonds to trading. By year-end 23 issues were listed.
Establishment of RTS
In July, trading was launched on the Russian Trading System’s (RTS) Classica market. On 1 September, the USD-denominated RTS Index began being calculated.
Launch of MICEX Index
In September, the aggregated MICEX equity index, the main RUB-denominated Russian market benchmark, was launched. It initially included the five most liquid stocks.
Full WFE membership granded
MICEX became the first Russian exchange to receive full member status of the Word Federation of Exchanges.
Moscow Exchange IPO
Moscow Exchange carried out an IPO on 15 February on its own trading platform. The total proceeds raised were RUB 15 billion.
Signing a cooperation agreement with the Bank of China
The Exchange and the Bank of China agreed to jointly develop new products, including OTC derivatives, and extend the range of financial instruments denominated in RUB and CNY.