The MICEX Group's mission, principles of doing business and development strategy

April 16, 2009

Mission: The MICEX Group provides participants in the financial market with a full range of competitive trading, clearing, settlement, depository and information services, which meet the standards of an international financial center, balancing the interests of market participants, shareholders and the state and aiming at occupying leadership positions in the stock, currency and derivatives market.

The Group bases its business development on the following principles:

• broad diversification of business, including product and geographic diversification, the expansion of the range of IT services and possible participation in the capital of other infrastructure organizations;
• maintaining the status of the central infrastructure organization in the Russian financial market, supporting the State’s measures to implement its monetary, budgetary and currency policy;
• project-oriented business model that reduces the time of the implementation of key projects by optimizing the management of the MICEX Group;
• effective management structure oriented towards building a vertically integrated exchange holding which operates on a single IT platform and has a system of decision making that balances the interests of market participants, shareholders and the state;
• high quality business, which includes the use of client-oriented approach, an advanced risk management system, the provision of financial reliability of the MICEX Group of companies, the use of modern technologies and an IT platform meeting the requirements of the Group’s functionality and the scope of its business.

The MICEX Group’s Development Strategy for 2009 – 2011 was approved by the MICEX Board (April 14, 2009) and the Board of the MICEX Stock Exchange (April 16, 2009).

The MICEX Group’s Development Strategy provides for the implementation of projects in four key areas:

• corporate development;
• modernization of the risk management system in all markets;
• diversification of business;
• improvement of the MICEX IT platform and its adaptation to the lines and the growing volumes of business.