History

January

The MICEX currency market section began trading Euros.

By order of the Bank of Russia, the MICEX common trading system and regional exchanges renewed trading in federal loan bonds (BFL).

February

MICEX won the “Contribution to Creating a Democratic Society and Developing State Institutions” category of the “Themis Prize” instituted by the Moscow Lawyers’ Club.

Upon the results of the meeting of the Russian Cities’ Union (RCU), held with the assistance of RUE, MIBA, ARB, MICEX and CCI, the exchange joined the public committee to support the real and financial economic sectors of Russian cities.

MICEX implemented a new procedure for trading shares and regional bonds — the negotiated trading mode (NTM).

March

According to a mass media survey conducted by the Financial Press Club, MICEX was acknowledged as the most informative open company in the Russian stock market.

MICEX and the Interfax Agency implemented a joint project for creating the “EFIR” informational-analytical system to serve professional market participants.

May

In New York, MICEX, in cooperation with the Harryman Institute of the University of Columbia and a number of outstanding American politicians and businessmen, founded the American-Russian Investment Forum (ARIF), which aimed to create an informal channel of communication between the financial communities of the two countries.

The regular meeting of MICEX shareholders was held, which made the decision to increase the exchange’s authorized capital to 115.415 million rubles.

June

The FCS of Russia granted MICEX a license for securities market trading and clearing and registered the Conditions for Performing Clearing Activities.

MICEX made the initial offering of bonds of the Lucoil Oil Company OJSC, which gave rise to Russia’s new corporate bond market.

USD trading in the SELT was held during the common trading session (CTS) of interbank currency exchanges for the first time, completing the process of creating a national currency market using advanced exchange technologies.

MICEX signed an agreement of cooperation and interaction in the informational services market with seven regional currency exchanges that are members of ARCEX.

July

MICEX made the initial offering of corporate bonds of Gasprom OJSC and Tumen Oil Company OJSC.

August

MICEX traders were able to access news from Russian informational agencies through exchange terminals.

MICEX was granted a Federal Communication and Information Agency (FASCI) license for the right to protect exchange information.

October

Euro trading in the SELT was launched during the common trading session of interbank currency exchanges.

The MICEX trading system started performing inter-dealer REPO operations with state securities.

MICEX and the Vienna Stock Exchange agreed to implement joint projects to develop the Russian stock market in terms of the globalization of the European financial market.

On the initiative of ARCEX, currency market participants founded the National Currency Association (NCA) in order to introduce new technologies and consolidate the trust of the market’s participants.

November

The National Stock Association (NSA) and MICEX renewed the short-term state program “Urgent Measures for Restoring the Russian Corporate Securities Market to Attract Investment in the Real Sector of the Economy”.

MICEX’s site received an organizational committee diploma the in “Finances and Economy” category of the annual “Business Site” contest at the “Internit‘99” Russian Internet festival.

A cooperation agreement in the sphere of securities market development and direct investments in the economy of the Far East and Zabaikalie was signed in Vladivostok with the participation of MICEX, ATICEX, the NDC, and the Interregional Economic Assistance Association of Russian Entities in the Far East and Zabaikalie.

December

A memorandum was signed between S.W.I.F.T., MICEX, the NDC, the MICEX Clearing House, and the European project TACIS on implementing international standards for financial communications in the Russian stock market.

Upon agreement with MRB of FCS, an informational system which shows indicative quotes of shares of Moscow enterprises began operating at MICEX.

MICEX made the initial offering of bonds of RAO UES of Russia.