Main events in 1996
January
The Rostov Interbank Currency Exchange connected to the MICEX.
February
The RF CB allowed foreign investors to purchase GKO-OFZ at the MICEX primary auctions with repatriation of profits after redemption.
The MICEX established the MICEX Settlement House to provide settlement services for the exchange market participants.
The Urals Regional Currency Exchange connected to the MICEX.
Trading in the corporate bonds of High-Speed Railways started on the MICEX.
March
The Asian-Pacific Interbank Currency Exchange connected to the MICEX.
April
The MICEX began to perform the functions of depository and trading system in the sale of pledged bonds in the RF CB's system of the lombard crediting.
May
The RF CB abolished the mechanism of pegging the official exchange rate of the ruble to the MICEX exchange rate.
The Nizhni Novgorod Stock Exchange connected to the MICEX.
July
The Samara Interbank Currency Exchange connected to the MICEX, which completed the first phase of the creation of the unified electronic financial market (EFIR) in Russia.
August
The RF CB allowed foreign investors to trade in GKO-OFZ in the MICEX primary and secondary markets through C accounts of Russian dealers.
September
Trading in futures on the US dollar and GKO started on the MICEX.
October
The RF CB began to enter into REPO transactions with primary dealers in the GKO-OFZ market though the MICEX trading and depository system.
November
The MICEX organized the system of currency trading with remote submission of orders via Reuters-Dealing.
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MICEX Portrait
