History
January
The publication of the corporate bonds index (RCBI), which is calculated in real time based on the results of MICEX trading, was launched.
MICEX and the London Stock Exchange signed a memorandum of cooperation that provides for exchanging information on securities of Russian issuers admitted to trading in both the LSEX international stock market and MICEX.
Basic conditions for REPO trades with government-baked securities at MICEX were approved as the National Stock Association СRO standard.
MICEX offered domestic loan bonds of the Tomsk region.
February
MICEX offered bonds of Gazprom OJSC in the amount of 10 billion RUR.
MICEX began trading Russian Eurobonds and Bank of Russia bonds with settlements in rubles.
The National Commodities Exchange and the Central Russian Universal Exchange started exchange trading within the state commodity interventions in the grain market using MICEX’s technical infrastructure.
March
MICEX and the Vienna Exchange (WBAG) signed a memorandum of cooperation in the field of creating and distributing stock indices.
The Bank of Russia began performing deposit operations with lending organizations using MICEX’s trading and clearing systems.
April
MICEX offered bonds of Alfafinance LLC, BIN JSCB, Lenenergo OJSC, OGO JSPC OJSC, MGTS OJSC, Tatfondbank JSICB OJSC, Inteco-Invest LLC, and also of state loans of the Republic of Sakha (Yakutia).
MICEX offered shares of the Kalina Concern OJSC.
MICEX held a conference on the topic: “Analysis of the Euro Rate’s Impact on the Russian Economy: Perspectives on Rate Establishment in the Domestic Market,” which was organized by the National Currency Association.
MICEX, in cooperation with AFBID and leading Russian brokers, developed measures intended to better protect investors’ rights and ensure that the veracity of distributed information is guaranteed.
May
The open index PIF “Exchange Area —MICEX Index” was formed for the MICEX index.
The regular meeting of MICEX shareholders took place, during which the results of the exchange’s activities in 2003 were approved and it was decided that dividends in the sum of 106 million RUR would be paid.
The annual meeting of shareholders of the National Commodities Exchange (NCE) CJSC was held, in which the results of the exchange’s activities in 2003 were approved.
MICEX offered bonds of the Mortgage Lending Agency OJSC and of Krasnodar Krai and the Volgograd region.
The General Director of MICEX, Alexander Potemkin, was elected to the Board of the National Stock Association Self-Regulating Organization at the general meeting of its members.
MICEX combined the Common Trading Session (CTS) in international currency exchanges and the “day” session in the MICEX SELT, which made it possible to focus the liquidity of the currency market and increase the reliability of the trading system, combining the advantages of collective and individual risk management systems.
June
The MICEX’s term market section introduced currency futures with a circulation period of up to 1 year.
To store Russian Eurobonds traded for rubles on MICEX, the National Depositary Center began a new depositary service pattern for Eurobonds using the MICEX Clearing House and Clearstream Banking.
MICEX offered bonds of MiG-Fianace LLC, and the city of Ufa.
MICEX held an auction of its historical collection and opened the Exchange History Museum’s website.
July
MICEX offered bonds of System Finance Investments OJSC, Sibirtelecom OJSC, and the Yaroslavl region.
The general meeting of the International Association of Exchanges of CIS countries (IAE of CIS) was held in Odessa, where the heads of 16 organizations from 8 countries in the Community discussed the state of and perspectives on the exchange infrastructure’s development in CIS countries. The General Director of MICEX, Alexander Potemkin, joined the IAE of CIS’s Council.
Vadim Subbotin, who was in charge of the exchange’s financial activities, was made the Deputy General Director of MICEX.
MICEX held the “Board of Directors: Results of 2003/2004” round table, organized by the Association of Independent Directors with the assistance of CapitalLogica, The Anne McBride Company, Inc., and the USA Agency on International Development.
August
MICEX began trading investment funds under the control of Olma-Finance Management Company LLC, Metropol Management Company LLC, and the Industrial-Construction Bank Management Company LLC.
MICEX and the NDC organized the real-time exchange of information between the trading and depositary systems in the government-backed securities market.
The MICEX Stock Exchange CJSC completed the new stock capital structure and applied to the FSFM for a stock exchange license.
MICEX offfered bonds of CenterTelecom OJSC and Russian Standard Bank CJSC.
MICEX was acknowledged as one of JP Morgan Chase Bank’s best correspondents.
September
MICEX lowered the commission fee for trades in government-backed securities.
MICEX allocated 3 million RUR to provide aid to victims of terrorism in Beslan.
The MICEX Stock Exchange CJSC obtained a stock exchange license for organizing trade in the securities market from the Federal Service of Financial Markets (FSFM).
For the first time in 3 years, MICEX offered non-coupon bonds of the Bank of Russia with an issue amount of 50 billion RUR at face value.
October
The NDC and MICEX organized a conference on the topic: “The Bonds Market: Current and Future Development”.
The National Currency Association, in cooperation with the Reuter Agency, began implementing a new project — calculating the USD/RUB indicative exchange rate in the Russian interbank market — RIBER (Russian InterBank Exchange Rate).
MICEX offered bonds of Gazprom OJSC, Uralvagonzavod-Finance LLC, SMARTS CJSC, KKB Bank LLC, Euroset TH LLC, and of Khabarovsk Krai, Krasnoyarsk Krai, the Tomsk region, and the cities of Bryansk and Krasnoyarsk.
The results of a 2004 information transparency survey of the largest Russian companies (Transparency & Disclosure Survey 2004) conducted by the Standard & Poor’s International Rating Company with the assistance of MICEX were presented.
The General Director of MICEX, Alexander Potemkin, was announced as the winner of the “Financial Sector” category in the “Best Managers in Russia” contest conducted by the “Company” publication.
The model for transferring the MICEX Group’s stock business to the MICEX Stock Exchange CJSC was approved.
November
MICEX began trading in investments under the control of Alemar MC OJSC, Vector MC LLC, and Oil-Gas Assets MC LLC.
MICEX offered bonds of Lucoil OJSC, Uralsvyazinform OJSC, Salavatnefteorgsinte OJSC, Utair-Finance LLC, and also of the Republic of Komi, Krasnodar Krai and the Nizhniy Novgorod region.
As part of the government-backed securities market development program, MICEX began open publication of the Russian Government Bonds Index — RGBI.
The international conference “The Russian Ruble: 15 Years Towards Free Convertibility,” organized by the International Moscow Currency Association (IMCA) with the assistance of MICEX, was held in Moscow.
A memorandum of cooperation between MICEX and the Shanghai Stock Exchange was singed in Shanghai.
December
The 2004 Russian Bond Congress, organized by MICEX and Cbonds.ru LLC, was held in St. Petersburg.
MICEX offered bonds of Transmashholding CJSC, Novatec OJSC, AIZK OJSC, Tulachermet OJSC, Itera NGK LLC, JFC International LLC, Rosselkhozbank OJSC, Roskhlebproduct LLC, Russian Railways OJSC, Finance International Invest LLC, FSK UES OJSC, Salyut-Energia OJSC, and of the Kaluga and Novosibirsk regions.
The National Commodities Exchange (NCE) CJSC was named the winner of the contest organized by the Federal Agricultural Agency to choose exchanges for conducting state purchase interventions to regulate the agricultural products and food market in 2004.
The results of the 8th Annual “Best Russian Enterprises” Contest held by the Russian Union of Manufacturers and Entrepreneurs (RUME) in cooperation with the Russian Chamber of Commerce and Industry and the Expert Institute with the assistance of the Russian Government and other governmental and public organizations were announced. The strategic sponsor of the contest was the Moscow Interbank Currency Exchange (MICEX).
The regular general meeting of members of the National Depositary Center NCP was held, in which Nikolay Yegorov was appointed as the Director of the NDC.
The first conference of the Association of Central Depositaries of Eurasia, which included the National Depositary Center Non-Commercial Partnership, was held in Moscow.