Important Events in 2005
January
On the MICEX Stock Exchange (MICEX SE), trading begins in corporate, regional and municipal securities, which were previously traded in the MICEX Stock Market Section.
February
On the MICEX, trading begins in futures on the EURO against the US dollar.
The general meeting of the National Depositary Center (NDC) approves the interim results of creating a technological platform which complies with requirements to central settlement depositaries.
The MICEX adopts the new versions of the Statute of the MICEX Arbitration Commission and the Rules of Arbitration Investigation.
Bonds of Gazprom and other issuers are placed on the MICEX SE.
March
The MICEX Group starts a new web site for foreign investors.
The MICEX and the NASDAQ sign the Memorandum of interaction which envisages the development of cooperation in the sphere of information.
APK Altai Bread Company makes its IPO on the MICEX SE.
The MICEX Exchange Council decides to establish a specialized clearing organization — the Clearing House — in the framework of the MICEX Group.
The NDC offers a new package of technological services, which provide participants in the securities market with convenient and reliable interaction with registrars on the basis of a unified technological area and unified formats of electronic messages.
The NDC reduces rates charged for keeping securities.
Bonds of Russian Standard Bank, SZT, Russian Textile Alliance, Tatenergo, NPO Saturn, LSR Group, PIT Investments, Salavatsteklo, TMK, INKOM-Finance and government bonds of Chuvash Republic are placed on the MICEX SE.
April
The MICEX changes the rules of currency tenders to modernize the system of risk management in the new conditions of exchange rate formation.
The MICEX holds the round-table talk "The implementation of the EU instruction regarding market abuses: recent experience and applicability to Russian financial markets", organized by EU/TASIS Project for corporate management with the assistance of the RF Federal Service for Financial markets.
The MICEX is awarded the "Russia's Financial Elite — 2005» prize.
The meeting of stockholders of the MICEX Stock Exchange elects new members of the Board and makes amendments to the Exchange's Charter, lifting restrictions on organizing trades in derivative instruments on stock assets.
The National Foreign Exchange Association begins to calculate MosPrime Rate — the indicative loan (deposits) rate in Moscow market.
The NDC is named the National numbering agency for Russia.
The RF Antimonopoly Service declares the NDC's purchase of DKK's shares lawful.
Bonds of Highland Gold Finance, Nizhnekamskneftekhim, Sibacadembank, Midland Capital Management, RTK-Leasing, AKB Electronika, Loko-Bank, Impexbank, Uralsvyazinform, GT-TEC Energo, Moscow Credit Bank, TSUN, SOK-Autocomponent, AKB SOUZ, Sibirtelecom, bonds of Moscow regional internal bond loans and government bonds of Nizhni Novgorod Region are placed on the MICEX SE.
May
The MICEX holds round-table talk "Fundamental Approaches to Legislative Regulation of Clearing in the RF".
The general meeting of the National Depositary Center decides to affiliate ING Bank (Eurasia), Deutsche Bank and Gazprombank as members of the Partnership and forms the first Board of Directors of the NDC.
The NDC enters the capital of RDK (29%).
The NDC opens an account for Clearstream Banking S.A., a leading international settlement and clearing organization.
The MICEX holds round-table talk "The Euro and the Ruble: a New Phase in the Development of the Russian Currency Market".
The MICEX stockholders discuss the results of the Exchange’s work in 2004 and decide to increase the MICEX charter capital to 807.9 million rubles and pay dividends.
The stockholders of the MICEX Settlement House discuss 2004 results and decide to increase the MICEX SH charter capital to 255 million rubles.
The MICEX Settlement House obtains the license of professional participant in the securities market enabling it to perform clearing without any time limitations.
The National Mercantile Exchange (NMEX) holds it stockholders meeting.
The MICEX introduces the new order of charging commission for swaps in the currency market.
Bonds of OST Group of Companies, AIZhK, HKF Bank, Rusprod, Pyatorochka Finance, Investproject, Baltimor-Neva, ATsBK-Invest, Nizhneserginsk Metallurgical Works, First Mortgage Company, Marta Finance, East Line Handling, Master Bank, MGTS, bonds of Volgograd Region and Yakutia Republic are placed on the MICEX SE.
June
In St.Petersburg, the MICEX and Yusupovski Palace re-opened the Coronation Hall, the restoration of which was a joint cultural project of the MICEX and Yusupovski Palace.
The MICEX SE establishes the Listing Department.
The MICEX amends the rules of currency trading to further develop the euro-ruble market.
The MICEX SE starts the secondary circulation of ruble bonds of EBRD.
Bonds of VKM-Finance, Adamant-Finance, OMK, Nutrivestholding, Dorogobuzh, Khleb Altaya, HK Sibcem, Kopeika Trade House, Izhmash Concern, Chelyabinsk Pipe Factory, Vagonmash, FSK UES, AVTOVAZ, APK Arcada and Stroitransgaz are placed on the MICEX SE.
The MICEX launches the technology of connecting clients using TurboSwift to S.W.I.F.T. services via the MICEX SH terminal.
The MICEX SE launches trading in shares in mutual funds Commercial Commodity, Risky Bonds and Potential.
The NDC sponsors forum "Russian Securities: the Infrastructure and Operations".
The value of securities serviced by the NDC has exceeded 1.5 trillion rubles.
July
The MICEX SE establishes the Stock Market Committee and the Technological Policy Committee.
The MICEX is declared one of the best financial institutions among all correspondents of JP Morgan Chase Bank by the quality of payments in US dollars.
The general meeting of the National Depositary Center decides to lower its rates.
Presentation of the book "History of Money in Russia. 350 years of the Russian Ruble Coin" is held in the Kremlin. The book was published with the support of the MICEX.
Bonds of YuSKK, UBRiR-Finance, Promtractor-Finance, Perekryostok Trade House, Kriogenmash, Nizhne-Lenskoye Invest, MMK-Transfinance, Rusagro Group of Companies, INPROM, PMZ and municipal bonds of Volgograd are placed on the MICEX SE.
The MICEX SE launch trading is shares in mutual funds Alfa-Capital, Kamskaya Dolina, Perspektiva-Invest, Optim Preference and Concordia-Avantage.
August
The MICEX buys the controlling stake in the Asia-Pacific Interbank Currency Exchange (APICEX), which is the leading regional exchange in the Far East and Maritime Territory and where foreign exchange, securities and other financial instruments are traded.
The MICEX Currency Market Section extends the time of trading in the US dollar.
Trading in the framework of state purchase interventions in the grain market begin on the National Mercantile Exchange (NMEX).
Bonds of National Timber Company, Moscow Mortgage Agency, Gazprom, Miraks Group, Udmurtnefteproduct and municipal bonds of Volgograd are placed on the MICEX SE.
Meeting of representatives of management companies, specialized depositaries and specialized registrars, organized by the League of Management Companies of Russia and the NDC, is held in Moscow.
The NDC opens an inter-depositary account with the Central Depositary of Kazakhstan.
September
The MICEX lowers commission for swaps in US dollars and repos in bonds in the stock market.
The RF Federal Service for Financial Markets registers the report on the results of the issue of common registered non-documentary shares in the MICEX for the total amount of 807.905 million rubles.
The MICEX holds the conference "Derivatives in the Russian Financial Market: the Practical Aspects of Operations, Registration, Accounting and Taxation".
The MICEX Currency Market Section extends the time of trading in the euro.
The general meeting of the International Association of Exchanges of the CIS Countries, held in Borovoye Village (Kazakhstan), adopts the Association’s Program for 2005-2010.
Standard&Poor’s, with the support of the MICEX, conducts the survey of transparency of Russia’s largest companies (Transparency & Disclosure Survey — 2005).
The AFBID, the MICEX SE, the RTS and the Moscow Stock Exchange agree on the main approaches to the unification of trading codes (tickers) of Russian issuers.
The MICEX begins to provide information to subscribers of mobile operator MTS using telephones with the i-mode service.
The NDC and Ingosstrakh sign a new policy of combined insurance against crimes and professional liability.
The National Depositary Center and Stock Market and Management Institute organize round-table talk "The Improvement of Interaction among Participants in the Registration System".
The MICEX Settlement House and the Bank of Russia sign a new agreement under which the MICEX SH will act as the settlement center of the orderly securities market.
Bonds of Finanskontrakt, Medved-Finance, Finance International Invest, Russian Standard Bank, Russian Aluminum Finances, KhKF Bank, Sibirtelecom, Irkut Corporation, Ochakovo Brewery, KAMAZ-Finance and bonds of Irkutsk, Lipetsk and Samara regions are placed on the MICEX SE.
October
The new version of the MICEX Charter comes into force. It envisages changes in the names of the MICEX managerial bodies.
The second conference of the Association of Central Depositaries of Eurasia "Interaction among Central Depositaries of the CIS: Problems and Prospects", organized by the NDC jointly with the MICEX and DKK, is held in Moscow.
The general meeting of the founders of joint-stock commercial bank The National Clearing Center (NCC) is held in Moscow. The NCC is to organize settlement and clearing service of transactions in the MICEX orderly markets.
Bonds of Uralvagonzavod-Finance, Kedr, TuranAlem Finance, Volgaburmash, Investtorgbank, Vneshtorgbank, Yakovlevski, Slavinvestbank and bonds of Krasnoyarsk territory and the loan of Krasnoyarsk territory are placed on the MICEX SE.
Conference "Back Office 2005» is held on the MICEX. The conference is devoted to the issues of consolidation of the Russian accounting and settlement infrastructure.
The NDC lowers payment for the transit of electronic document with the use of the NDC system of electronic document turnover.
November
The Youth Center for the Study of Financial Operations, with the support of the MICEX, organizes the 5th open competition among traders.
In Chicago, the MICEX and the Chicago Mercantile Exchange (óíå) sign a license agreement allowing the MICEX to use the methodology of SPAN (Standard Portfolio Analysis of Risk), the system of analysis of risks of a portfolio which may include both derivative instruments, and underlying assets.
The MICEX SE revives the institute of market makers in the bonds market.
The MICEX establishes the Currency Market Department.
The documents of the National Clearing Center are sent to the Bank of Russia for registration and the obtaining of the license.
The MICEX implements the new version of the methodology of calculation of the MICEX Index. Under this methodology, the MICEX Index is to be calculated by the MICEX Stock Exchange.
Janna Smirnova is appointed Vice President of the MICEX. Janna Smirnova will supervise relations with clients and coordinate marketing and the sale of the MICEX products and services.
Conference "Integration of the Russian and the International Financial Markets in an Age of Globalization", organized with the support of the MICEX and the NDC, is held in Moscow.
Bonds of Probusinessbank, Salavatsteklo, Iskitimtsement, Ochakovo Brewery, Impexbank, AirUnion, Otkrytie, Russian Railways, Gazbank, Magnit Finance, Uralsvyazinform, MairInvest, bond loans of Tomsk Region, Khabarovsk Territory and Klinski District of Moscow Region are placed on the MICEX SE.
The MICEX SE launches trading in shares of mutual funds Arsagera – Mixed Investments Fund, Naslediye – Bonds Fund and Inter-Regional Real Estate Fund.
December
The MICEX lowers commission for euro swaps in the UTS.
The MICEX SE establishes the Index Committee, comprised of leading analysts of the Russian financial market and members of the professional community.
The MICEX, the MICEX Stock Exchange and Toshkent Stock Exchange sign a memorandum of cooperation aimed at integrating the exchange business areas of Russia and Uzbekistan.
The MICEX Stock Exchange launches the new trading mode "REPOs in bonds", provides additional possibilities in carrying out transactions in the negotiated deals mode and REPOs in stocks.
The MICEX Stock Exchange obtains a license to organize trading in derivatives.
Acting as the payment agent of issuers of serviced bond loans, the NDC begins to transfer bonds’ coupon yields and face value amounts using the NDC’s settlement account with the MICEX SH, opened for this purpose.
The general meeting of the National Depositary Center decides to increase the NDC’s own capital to 50 million US dollars by 2010. This is comparable with the average capitalization of central depositaries of Europe. The NDC also decides to lower its rates.
The Bank of Russia registers the results of the second additional issue of shares in the MICEX Settlement House for the amount of 241.5 million rubles. As a result, the MICEX SH’s charter capital grows to 255.0 million rubles.
Bonds of Rosinter Restaurants, Detski Mir — Center, Belgrankorm, Volshebni Krai, VolgaTelecom, AIZhK, Moscommercebank, Sunway-Group, Marta Finance, UTK, Sevkabel-Finance, Russian Railways, RussNeft, Mosselprom Finance, KIT Finance Investment Bank, FSK UES, Sibacadembank, Terna-Finance, MNZP — Finance, Meat Corporation Euroservice, Group NITOL, Pyatorochka Finance, Group Magnezit, Mosoblgaz-Finance, Nizhne-Lenskoye-Invest, GOTEK, Inmarko, Bank ZhilFinance and bond loans of Tverskaya Region, Irkutskaya Region, Novosibirskaya Region, Yaroslavskaya Region, Komi Republic and Udmurt Republic are placed on the MICEX SE.
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MICEX Portrait
