Main events in 1998
February
Trading in the Finnish mark started on the MICEX.
The MICEX's first information and analytical terminal was installed in London on the agreement with JP Morgan Securities Ltd.
Trading in the bonds of Moscow City internal bond loan started in the MICEX Stock Market Section.
March
The MICEX introduced registration of off-board currency transactions in the MICEX trading system.
The MICEX launched its web site (www.micex.ru) presenting exchange information in the real-time mode.
The MICEX and Cedel Group signed a Memorandum of cooperation in the area of depository and clearing activities.
The MICEX suspended trading in the Byelorussian ruble after the National Bank of Byelorussia had set limits on non-residents' settlements.
The MICEX and regional currency and stock exchanges signed agreements about developing the inter-regional system of trading in corporate and subfederal (regional) securities.
The MICEX handed depository service functions in the government securities market over to NDC Not-for-profit Partnership. April
The MICEX widened the list of traded bonds of Russian regions, signed an agreement with Kazan Council for Stock Trading about cooperation in the area of exchange trading technologies and an agreement with the Association Southern Russia's Cities about cooperation in developing the securities market.
Nonresidents began to trade in futures on the US dollar in the MICEX derivatives market.
The MICEX and the Chicago Mercantile Exchange (CME) signed a Memorandum of mutual understanding in the area of information exchange. Under the Memorandum, Russia granted the CME the right to use the ruble-dollar exchange rate of the MICEX fixing in trading in futures and options on the CME.
The MICEX and the NYSE published books "You and the World of Investments" and "Market: a Short History of the NYSE «.
June
Trading in instruments "currency-currency" started in SELT.
The NDC began to provide depository services for participants in the MICEX Stock Market Section in the corporate securities market.
Trading started in new derivative instruments — futures with the properties of options.
August
The MICEX suspended trading in GKO/OFZ and trading in the Derivatives Market Section as a result of the financial and banking crisis.
On the instructions of the RF CB, the MICEX suspended trading in foreign currency with fixing (currency trading in SELT continued).
September
Trading in non-coupon bonds of the Bank of Russia started on the MICEX.
October
Special trading sessions were started in the MICEX Currency Market Section to serve export and import operations.
November
The MICEX won the EU bid for the implementation of the TASIS project "Investments and Capital Markets Consulting Services" with the aim of developing the infrastructure of the Russian stock market.
December
Trading in the French franc, the British pound, the Swiss franc, the Italian lira, the Japanese yen and the Finnish mark started in SELT.
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MICEX Portrait
