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Monitoring of Trading
One of MICEX SE's priorities is the effectiveness and fairness of the securities market. To attain this goal, MICEX SE creates proper conditions for fair competition among its participants and protects the rights and lawful interests of investors.
MICEX SE monitors participants' operations to reveal actions which show signs of attempted price manipulation, use of insider information, violation of internal rules of the Exchange, decrees of the federal agency regulating the securities market, and other laws of the Russian federation as well as orders and transactions, the parameters and terms of which make them non-standard, which entails their verification. Besides, MICEX SE uses the system of control of obligations arising in marginal trading. Monitoring also involves control over the current prices of securities and the values of the Technical indexes with the aim of revealing the conditions under which trading in one or several securities is suspended.
The technological support of the monitoring process is provided by the Automated Monitoring Complex, which integrates software products from leading manufacturers of monitoring systems with the unique developments of the Computing Center of the Russian Academy of Sciences. Considering strong requirements for exchange monitoring systems, MICEX SE is working on the improvement of the methodology of revealing actions, which show signs of attempted price manipulation, by simulating the behavior of the securities market and conducting statistical studies.
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