Main events 2001
January
Bonds of Kremnii Company, Invest-Inkor Company, Promsvyazbank and other companies were placed in the MICEX Stock Market Section.
The MICEX urged stock market participants to develop the Concept of the development of the government securities market, which would envisage the use of market instruments of the accumulation the population's financial resources for the purpose of financing long-term investment programs aimed at the development of the infrastructure of the national economy.
In Yekaterinburg, the National Economic Council presented the pilot project of creating the wholesale exchange market of electric power in the RF, developed by RAO UES and MICEX.
February
The Association of Distributors of Financial and Economic Information adopted the Code of behavior on the market of financial and economic information, which envisages the protection of rights on information, including exchange quotations.
In Moscow, the heads of the MICEX and the Kazakhstan Stock Exchange signed a Memorandum of cooperation in the area of the development of exchange infrastructure with the aim of creating an integrated exchange area.
TASIS-INVAS and the MICEX published the "Issuer's Manual on the procedures of issuing and listing securities in the RF".
March
Nikitski Club and the Association of Lawyers of Russia held a round-table talk on the topic "Constitutional Economy and the Status of the Central Bank". Participants of the round table supported the independence of the Bank of Russia.
Sberbank and the MICEX created a new system of settlements via the Internet for broker companies. The new system is based on the use of Sbercards.
The National Foreign Exchange Association sent the RF President its proposals regarding the preparation of the "Concepts of Russia's Medium- and Long-Term Currency Strategy".
Bonds of Tatoil, BFA, Russian Product, Inkor-Finance, Aeroflot — Russian Airlines and other companies were placed in the MICEX Stock Market Section.
Trading started in a new instrument — "currency swap" — in the MICEX Stock Market Section.
A new stock index — MICEX 10 — was launched in the MICEX Stock Market Section. It is calculated in the real-time mode on the basis of ten most liquid stocks of leading Russian issuers.
The MICEX and its partners — CMA Small Systems AB, Hewlett Packard and Interfax news agency — created information and analytical system SPOT.
April
Bonds of RTK-leasing, Taganrog Metallurgy Plant, Slavoil, United Machine Building Plants and other companies were placed in the MICEX Stock Market Section.
The MICEX and M.Lomonosov Moscow State University signed a Memorandum of cooperation, which envisages support to university science and education, joint work in the area of fundamental and applied studies of financial markets and the use of up-to-date information technologies in the training of financial specialists.
The National Stock market Association sent to the RF Securities Commission an open letter on urgent measures to develop the Russian securities market and liberalize the market of Gazprom stocks.
The Inter-State Currency Committee of the CIS approved proposals to form the model of an integrated currency market of the CIS, prepared by the International Association of Exchanges of the CIS and the MICEX.
President's envoy to Privolzhski Federal District Sergei Kiriyenko and the heads of the MICEX and the NNSEX signed a Memorandum of cooperation in developing financial and stock markets in Privolzhski Federal District.
The MICEX stockholders' meeting approved the results of the MICEX performance in 2000 and elected the MICEX Exchange Council. Oleg Mozhaiskov, Deputy Chairman of the Bank of Russia, was reelected Chairman of the MICEX Exchange Council.
The Association of Lawyers of Russia and Nikitski Club held their joint meeting on the topic "Court Reform in Russia: limits and opportunities". The meeting was attended by Deputy Head of President's Administration Dmitri Kozak.
May
The MICEX signed agreements with the Siberian interbank Currency Exchange and Nizhni Novgorod Currency and Stock Exchange aimed at organizing direct access of regional participants to trading in the MICEX Derivatives Market Section.
The Fourth International Kondratiev Conference was held in Moscow on the topic "East-West Dialogue: Alternatives in the 21st Century". The Conference was held with the participation of N.Kondratiev International Foundation, P.Sorokin — N.Kondratiev International Institute, the Russian Academy of Public Service, V.Vernadski Academy of Natural Sciences, the International Institute of the Problems of Social and Political Development, the UN Information Center in Moscow and Moscow Bureau of UNESCO.
The meeting of the Council of Directors of the Center for Corporate Entrepreneurship, held at the MICEX, discussed the issues of the development of entrepreneurship in Russia.
The Council of the National Foreign Exchange Association (NFEA) adopted the "Standards of work in the internal currency and money markets", which set the principles and rules of relations between participants in the currency and money markets in Russia. The NFEA approved the analytical report "The Essential Principles of the RF Currency Policy", devoted to the state of the Russian currency market and the goals of the RF currency policy.
June
The IPO of the bonds Probusinessbank, Grain Company OGO and Inkor-Finance was held on the MICEX.
Stocks of 110 Moscow enterprises were added to the MICEX trading system, for which indicative quotations are provided.
The criteria of determining low-liquid stocks were adopted in the MICEX Stock Market Section. Trading in these stocks is to be transferred to the "negotiated deals mode". The MICEX Stock Market Section also set limits on price fluctuations for all categories of securities.
July
The MICEX and Lebedev Studio launched a specialized web site "The MICEX. Real-Time Enterprises". The site presents information on regions and leading issuers of the RF.
The Baku Interbank Currency Exchange and the MICEX signed an agreement of cooperation with the aim of developing financial markets in Russia and Azerbaijan.
The IPO of Nizhni Tagil Metallurgy Plant and RIKB Bashcreditbank was held in the MICEX Stock Market Section.
Regular trading in futures on the official exchange rate of the Euro to the ruble started in the MICEX Derivatives (Standard Contracts) Market Section.
TASIS completed its project "Investments and Capital Markets Consulting Services" (INVAS), implemented in the EC in 1998-2001 with the participation of the MICEX.
In Moscow, Inter-State Bank, the International Association of Exchanges of the CIS Countries, the MICEX and the MICEX Settlement House signed an agreement of cooperation in forming the CIS unified currency area.
Top-class Internet-salon "TimeOnline" was opened in Moscow in the framework of the project "Manezh Exchange Square" with the participation of Items+, Alor-Invest and the MICEX.
The MICEX and Reuters enabled participants in foreign currency trading to use "Reuters Dealing Tradelink for MICEX" gateway, which enables to automate access from Reuters Dealing to the MICEX SELT.
A round-table talk called "Real-Time Exchanges to Manufacturing Enterprises" was held in Nizhni Novgorod. The talk was devoted to bringing regional issuers to the stock market with the help of new financial instruments and information technologies.
August
The National Foreign Exchange Association (NFEA) began to calculate the indicative rate of ruble-denominated credits (deposits) in Moscow inter-bank market — MosIBOR (Moscow Interbank Offered Rate).
Trading via the Internet gateway started in the MICEX Derivatives (Standard Contracts) Market Section. This enabled market participants to trade automatically via broker companies and bank.
September
The MICEX resumed auctions to distribute the bonds of the Bank of Russia.
The inter-state conference "The increasing role of banks and currency exchanges in the economic integration of the CIS" was held in Moscow. The conference was organized by the CIS Executive Committee, Vneshtorgbank, Inter-State Bank and the MICEX.
In Tambov, the MICEX presented a web site created under the program of forming a unified information area on the market of farm products of Tambov Region.
The meeting of the International Association of Exchanges of the CIS Countries, held in Lvov, adopted the Association's program for 2001 — 2002. The program was aimed at forming the integrated capital market of the Commonwealth.
October
The National Depository Center (NDC) and the jointly MICEX Settlement House began to service credit transactions backed by securities.
The international conference "Investment climate in Russia in the context of the banking reform and the settling of legal disputes" was held at the MICEX.
The first exhibition "Stock Market — 2001» was held in Moscow. The MICEX presented up-to-date exchange technologies for the organization of trading in securities.
November
The Bank of Russia allowed the MICEX Settlement House to provide settlement services for non-resident currency-and-stock exchanges.
Bonds of Lianozovo Dairy Factory, Renaissance Capital-Finance, Russian Standard Bank and CenterTelecom were placed in the MICEX Stock Market Section.
Trading in Byelorussian rubles for Russian rubles was resumed in the MICEX SELT.
The MICEX and Toshkent Stock Exchange (Uzbekistan) signed a Memorandum of cooperation with the aim of integrating the CIS exchange area.
The MICEX gave banks the Internet-based access to currency trading with the help of the MICEX i-Trading Client software.
The MICEX and the Ukrainian Interbank Currency Exchange signed a Memorandum of cooperation in the area of developing exchange technologies and creating integrated financial markets.
The inter-regional Association of Heads of Enterprises, the MICEX and the Siberian Interbank Currency Exchange signed an agreement of cooperation in developing the securities market in Siberia.
Grants for research on the problems of the Russian stock market were awarded by Academician N.Fedorenko International Foundation for Economic Studies and the MICEX.
Bonds of the Republic of Bashkortostan were placed on the MICEX.
December
The Administration of Southern Federal District, the MICEX and the Rostov Currency and Stock Exchange signed a Memorandum of cooperation in developing the infrastructure of the stock and commodity markets.
The CIS Inter-State Currency Committee approved the Memorandum of cooperation in the area of currency relations between the CIS countries and the draft agreement of creating the CIS integrated currency market.
The presentation of the new manual "Modern Company Management", prepared jointly by leading Russian and US specialists, was held at the MICEX.
Participants of the Russian-French seminar on financial problems in Russia, held at the MICEX, suggested creating the CIS payment union.
YUKOS, RAO UES and Magnitogorsk Metallurgy Plant were declared winners of the contest "Best Russian Enterprises", organized with the assistance of the MICEX.
Trading in the bonds of Komi Republics and Leningrad Region started in the MICEX Stock Market Section.
The sale of government securities from the RF CB's portfolio with repurchase commitment (exchange modified REPO) started on the MICEX.
Bonds of Moscow Bread Factory, Credit Swiss First Boston Capital and Russian Innovation Fuel and Energy Company were place in the MICEX Stock Market Section.
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MICEX Portrait
