History

January

MICEX awarded grants to research the problems of developing the Russian stock market.

The International Financial Corporation, the Association of Independent Directors, and MICEX signed a memorandum of cooperation on introducing corporate management standards.

February

MICEX’s new listing rules went into effect, including requirements for compliance with the Code of Corporate Behavior.

MICEX and the NSA signed an agreement on developing the stock market.

The Warsaw Stock Exchange and MICEX singed a memorandum of cooperation on developing the infrastructure of the stock markets of the two countries.

MICEX implemented a continuous trading session in the government-backed securities market with settlements on trades in the course of trading.

MICEX started trading share investment fund payments of the NIKoil management company.

March

MICEX and United Telecom Vesso-Link OJSC signed a strategic partnership agreement as part of the new SMILINK — Exchange Master project.

MICEX’s stock market section started trading investment payments of share investment funds directed by the PIOGLOBAL Asset Management CJSC management company.

MICEX began elaborating the Exchange Code of Corporate Behavior to comply with the recommendations of the FCS and international standards.

The MICEX Exchange Council approved the specifications of futures contracts for sugar and gold.

MICEX, in cooperation with the London International Petroleum Exchange and the Confidence UK Company (London), started training specialists in oil trading, oil products, and gas trading as part of the Russian Ministry of Energy’s complex training program for fuel-energy complex specialists.

April

MICEX’s stock market section started trading investment payments of the share investment fund under the direction of the REGION AsM CJSC management company.

The MICEX Exchange Council approved the specifications of futures contracts for oil products.

The Bank of Russia’s Moscow Banking School and MICEX signed an agreement of cooperation in the sphere of distributing economic and legal knowledge to Russian students.

Trading in the new USD/RUR with settlements “tomorrow” instrument, which will be used to establish the official rate of the Russian ruble to USD, began in the Common Trading Session (CTS) of interbank currency exchanges,.

MICEX’s stock market section started offering securities of the municipal (internal) loan of the city of Ufa.

Sberbank of Russia and MICEX implemented a pilot project for creating Internet settlement system broker companies using Sbercards for clients.

The “Corporate Behavior in Financial Markets” conference, organized by the FCS in cooperation with MICEX and the New York Stock Exchange (NYSE), was held in Moscow.

MICEX and the New York Stock Exchange implemented a new joint project — publishing the book “Foundations of State Financial Market Regulation”.

The general meeting of MICEX shareholders was held, during which it was decided to increase the authorized capital of the exchange from 115.415 million RUR to 346.245 million RUR. Konstantin Korischenko was elected Chairman of the Exchange Council and Aleksandr Potemkin — General Director of the Exchange.

The MICEX Exchange Council approved the regulations on making Bank of Russia deposit trades with lending organizations in the MICEX electronic trading system.

The Council of CIS Prime Ministers agreed to cooperate with the MAB of CIS and MICEX in creating an integrated currency market of member-states of the CIS.

MICEX’s stock market section started offering and trading state bonds of the Irkutsk and Belgorod regions.

MICEX executed an agreement with the Moscow Stock Exchange on clearing and technical maintenance in the market of shares of Gasprom OJSC.

May

The new staff and structure of the exchange management went into effect, with Nikolay Yegorov, Aleksey Rybnikov, Aleksey Osenmuk, Vladimir Gusakov, Evgeniy Ellinskiy and others appointed as new deputies to the General Director.

The Bank of Russia recommended postponing the launch of trading shares of Gasprom OJSC with clearing through MICEX in order to examine any further potential risks.

June

MICEX started offering and trading bonds of the Irkutsk region and the Republic of Sakha (Yakutia) in the list of off-list securities.

The MICEX Exchange Council unanimously supported trading shares of Gasprom OJSC at MICEX and recommended considering the possibilities for obtaining a stock exchange license.

July

MICEX and the Standard & Poor’s international rating agency executed an agreement on researching the informational transparency of Russian companies.

MICEX started offering municipal loan bonds of the city of Krasnoyarsk.

The Bank of Russia executed an agreement with MICEX on the regulations for electronic document circulation, now that they had become a regular participant in the MICEX electronic document circulation system.

The MICEX Exchange Council applied to the Russian government, requesting that they consider including MICEX on the list of exchanges permitted to trade shares of Gasprom OJSC.

August

The new system for accessing trading in the MICEX term market via the Internet was implemented using the i-Futures system.

The MICEX trading system implemented new technologies for performing trades with government-backed securities (SS), making it possible to execute inter-dealer REPO trades and sell SS at the secondary market with terms of execution on the same day, 1 day, and 2 days.

MICEX started offering the 5th issue of state bonds of the Irkutsk region.

The MICEX Exchange Council approved the new staff of the MICEX Directorate, which included А.I. Potemkin, N.V. Yegorov, А.E. Rybnikov, М.B. Medvedeva, Е.V. Ellinskiy, and V.А. Gusakov.

September

The extraordinary general meeting of shareholders of the Rostov Currency-Stock Exchange CJSC elected Е.V. Ellinskiy, А.М. Osenmuk, and V.А. Gusakov as new members of the RCSEX Exchange Council.

October

MICEX was acknowledged as one of the best JP Morgan Chase Bank correspondents in terms of the quality of payments made in USD, receiving the Quality Recognition Award.

MICEX began trading bonds of the Republic of Komi and the Yaroslav region.

November

MICEX started trading investment payments of the Interval Share and Open Share Investment Funds.

The MICEX Exchange Council approved the statutory documents of the exchange’s daughter organization, the MICEX Stock Exchange CJSC, with an authorized capital of 100 million rubles. Aleksey Rybnikov was appointed as the General Director of the new organization.

MICEX began publishing “Birzhevoye Obozrenie”, an informative-analytical journal for professional financial market participants.

MICEX started issuing the first series of state medium-term bonds of the Tver region bonded loan.

December

MICEX started offering bonds of the Krasnoyarsk Krai bonded loan.

At a round table held by MICEX, grain market participants urged the government to take measures to improve the state regulation of the grain market and the development of the exchange grain market.

MICEX started trading municipal bonds of the city of Novosibirsk.