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August 29, 2008
main page Derivatives Market Market History
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Market History

1997

27 March

New types of futures on GKOs were put into circulation, which better satisfied the interests of market participants.

15 April

The RF Central Bank agreed to accept government securities as collateral against opening positions in the MICEX Derivatives Market Section.

12 May

The institution of market makers was introduced in the Section. As a result, the spread decreased up to 1-2 points for liquid contracts on GKOs and up to 10-15 points for nonliquid contracts.

19 May

Transactions in futures on the average weighted price of GKO helped to increase the volume of operations in the MICEX derivatives market.For the first time, the daily volume of trading exceeded 100 billion rubles.

4 June

The daily trading volume exceeded 200 billion rubles. Russian banks acted as hedgers of their currency positions.

3 July

The daily turnover of trading exceede 400 billion rubles. The volume o ftransactions in futures on the US dollar exceeded record figures for Russian exchange floors.

18 July

A regional floor was opened in St.Petersburg. Traders were enabled to trade in the MICEX derivative instruments from the St.Petersburg currency exchange.

22 September

The MICEX began to calculate the MICEX Summary Stock Index. The new indicator of the Russian stock market is calculated as a result of actual transactions in stocks in the MICEX Stock Market Section.

7 October

Trading in futures on the MICEX Summary Stock Index began. The new derivative instrument is necessary for hedging portfolio risks of large investors.

20 October

For the first time, the trading volume exceeded 800 billion rubles.


 

MARKET HISTORY

  • 1997
 
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