History
January
The MICEX Group summarized the results of 2007. Based on the results of 2007, the MICEX Group reached a record-breaking trading volume of RUR 106.9 trillion (USD 4.2 trillion) – growing more than twice. According to the securities turnover, the MICEX Group entered the Top 20 list of leading world stock exchanges.
The meeting of the Russian Ministry of Finances with market participants on the issue of state domestic loans in 2008 took place.
The daily turnover at the MICEX Stock Exchange was RUR 286.89 billion, which was the highest turnover in the market’s existence.
The Government of the Nizhniy Novgorod region and MICEX signed a General Agreement on interaction in the sphere of developing commodity and stock markets.
The Bank of Russia and the MICEX Settlement House signed an agreement on providing settlements on direct off-exchange REPO trades.
February
The off-exchange REPO with securities included in the Bank of Russia’s collateral list technology was implemented at MICEX.
The MICEX trading system received a record-breaking quantity of applications in the currency market.
March
The MICEX stock market implemented the technology of executing obligations on trades with securities under simple clearing conditions.
The MICEX Stock Exchange concluded a cooperation agreement with information agencies authorized by the FSFM for information disclosure.
The first Trading Championship at the MICEX futures market began.
In accordance with the letter of the Bank of Russia No. 19–1–2–4/239, dd. 07.03.2008, REPO operations with a 90 day term were temporarily suspended.
MICEX and the Vienna Stock Exchange executed an agreement on providing exchange information for the calculation of stock indices.
MICEX Stock Exchange launched the exchange bond market – a new Russian stock instrument.
April
The Third Annual Joint Conference of the MICEX Stock Exchange and the London Stock Exchange (LSE) devoted to capital markets was held in Moscow.
The National Commodity Exchange (NCEX) started exchange trading in forwarding futures contracts for wheat.
The MICEX Settlement House opened a branch in Nizhniy Novgorod.
The NDC (Russia) and Central Depository Services Ltd. (India) signed a memorandum of cooperation.
The MICEX Stock Exchange started calculating the new corporate bonds index.
The National Commodity Exchange (NCEX) was awarded as the winner of the open tender for selecting exchanges to conduct state purchase and commodity interventions to regulate the market of agricultural and food products in 2008.
May
Open positions in the currency futures market reached a record-breaking level.
The NDC started its cooperation with Euroclear Bank. An additional series of USD futures were put into circulation.
In Krasnodar, the MICEX Stock Exchange in cooperation with the RCB Group and the Administration of Krasnodar Krai organized an exhibition-fair for private investors.
June
The PFTS Stock Exchange, based on the results of the international tender, chose MICEX as their trading system supplier.
The exchange circulation of shares of UES of Russia RAO OJSC was suspended. MICEX held a ceremony dedicated to this event.
A branch of the MICEX SH CJSC was registered in Yekaterinburg.
The NDC won the open tender for selecting a depositary for custody of certificates of the Housing and Communal Services Fund’s securities.
MICEX CJSC completed its own full-scale line of software products for accessing the MICEX trading system and also lowered their usage fees.
MICEX founded the specialized company – MICEX – Information Technologies CJSC. MICEX – Information Technologies CJSC’s main functions are the development and support of software and technical solutions for connecting traders to the MICEX Trading System.
July
The NDC Code of Professional Ethics was approved, having been previously adopted by the Risk Management Committee.
NCEX established another record-breaking wheat futures turnover.
MICEX became an associated member of the Futures Industry Association.
The MICEX Group created a Reserve Fund in the amount of RUR 2 billion to cover risks for operations in the futures market.
August
MICEX Stock Exchange launched the MICEX Discovery project, which involved entering issuers’ shares into the exchange and granting access to trading without an application from the issuer providing the essential level of information disclosure stipulated by Russian laws on the securities market.
NCEX launched the accreditation of agricultural commodity producers for participating in exchange trading when conducting state purchase interventions in the grain market in 2008.
According to Top 30 ranking of the largest depositaries in terms of the depositor’s securities accepted to service at the market price in 2007, the National Depositary Center Non-Commercial Partnership confirmed its position as the largest Russian depositary.
MICEX Stock Exchange started publishing the new MICEX Index – Finances (MICEX FNL) branch index.
September
MICEX Stock Exchange started publishing new indicators of the MICEX Financial Index and MICEX Municipal Bond Index.
The National Commodity Exchange stared delivery on September wheat futures.
Due to unstable conditions in the financial market and in view of the FSFM’s instructions, and also in accordance with the law on protecting the rights and legal interests of investors in the securities market, securities trading was suspended at the MICEX Stock Exchange.
October
The newly amended text of the Regulations on Circulating Securities at MICEX with Trades Executed in the Securities Market Trading System went into effect.
The turnover of wheat futures at NCEX reached its maximum level.
November
The MICEX Group and the Tokyo Stock Exchange signed a memorandum of cooperation.
The number of trades at the MICEX Stock Exchange reached the record-breaking value of 503,151, which was the highest in the market’s existence.
December
NCEX began circulating forwarding futures on fodder wheat and amounts of delivery on food wheat went up.
MICEX Stock Exchange included the shares of 10 issuers in the MICEX Discovery Sector.
The number of participants in state purchase interventions at NCEX exceeded one thousand.
The amount of the guarantee contribution for conducting state purchase interventions at NCEX was reduced in half.
The General Meeting of Members of the Partnership approved significant conditions of NDC’s reorganization into a joint stock company.
The simple clearing technology was implemented, which allowed performing settlements on trades immediately after their conclusion.
