|
|
 |
Market History
2003
15 January
In 2002, the volume of trading in the MICEX derivatives market reached about 13,3 billion rubles, 2,8 times more than in 2002.
21 March
The MICEX Exchange Council adopted the specifications of sugar and gold futures.
26 March
The MICEX launched a training course in oil, oil products and gas trading for Russian oil industry workers. The course was organized by the London International Petroleum Exchange, the MICEX and Confidence UK (London).
18 June
The MICEX and the London International Petroleum Exchange (IPE) started the second stage of the training program for Russian oil industry workers.
6 August
A new system of admission to trading in the MICEX derivatives market via the Internet with the help of i-Futures system was implemented in the MICEX Derivatives (Standard Contracts) Market Section. The system was developed jointly by Center for Information and Financial Technologies I-Stock and the MICEX. Unlike the old scheme of access to trading in the MICEX Derivatives (Standard Contracts) Market Section, the new system does not require special equipment for access to the trading system, thus minimizing the initial costs.
28 October
Sberbank, Promstroibank of St.Petersburg, MDM-bank, Metallinvestbank and International Joint-Stock Bank began to provide regular bilateral quotations of US dollar futures for the whole depth of the market.
8 December
A round-table talk devoted to the prospects of the organized grain market was held in Moscow. The event was organized by grain market participants with the support of the MICEX. The round-table talk focused on issues connected with the organization of permanent exchange trading in grain throughout Russia.
19 December
The MICEX Exchange Council adopted the size of the fee paid for the admission to trading in the US dollar futures and the euro futures. The size of the fee was set at 590 US dollars for Associated Clearing Members of the MICEX Derivatives (Standard Contracts) Market Section. The new rate of fee for the admission to trading came into force on 1 January 2004. This measure considerably lowered the cost of entrance of the market (up to 1590 dollars) for those joining the MICEX Derivatives (Standard Contracts) Market Section. Now, to have the right to trade in US dollar futures, one has to join the Section as an Associated Clearing Members, after paying the entrance fee (1000 US dollars) and the fee for the admission to trading in this instrument (590 US dollars).
|
|
|
|
Derivatives Market
