Main events 2002
January
The MICEX Currency Market Section optimized the terms of transactions in large lots in instrument USD/RUB_TOD в SELT.
The MICEX celebrated its 10th anniversary and sponsored art exhibition «Current Russian Painting: 1992-2002».
Over 10 years, the total trading turover on the MICEX has exceeded 1 trillion US dollars. The MICEX has become the largest exchange in Russia, the CIS and Eastern Europe.
February
At auctions, held on the MICEX, the Bank of Russia sold OFZ from the Bank of Russia's portfolio with repurchase commitment (exchange modified REPO).
[undefined macro simple-type-o-graficaThe bonds of Kalina Company and NOMOS bank were placed in the MICEX Stock Market Section.]
In the MICEX Derivatives (Standard Contracts) Market Section, trades started in futures on the US dollar and the euro with execution after 4, 5 and 6 months.
The general meeting of the International Association of Exchanges of the CIS Countries (IAE CIS) was held In Baku. The meeting discussed model laws on currency regulation and the securities market.
The MICEX and the National Foreign Exchange Association (NFEA) summarized the results of the contest of projects in the issues of the currency market of Russia, CIS and other foreign countries.
March
The new version of the electronic dealings system (Russian acronym — SPREDO) was launched on the MICEX. The system combines technological advantages of the exchange and off-board currency markets.
The IPO of the bonds of Severnaya Neft, Zoloto Severnogo Urala and Slavneft companies was held in the MICEX Stock Market Section.
In Kiev, the International Association of Exchanges of the CIS Countries and the Association of Futures Markets agreed to cooperate in the area of development of the infrastructure of derivatives and commodity markets.
The MICEX organized the market of REPO in corporate securities and introduced the "incomplete lots" mode in the MICEX Stock Market Section.
Participants in the conference "European Union — Russia: the Euro and the Currency Market Standards", held in Bruges (Belgium), discussed the issues of financial integration. The general meeting of the National Foreign Exchange Association, held in the framework of the conference, discussed the results of the Association's work in 2001.
April
The IPO of the stock of RBK Information Systems Company was held and bonds of North-West Telecom, Viluyskaya Hydro Power Plant — 3 and Interprombank were placed in the MICEX Stock Market Section.
Presidents of the Shenzhen and the Shanghai stock exchanges visited the MICEX to study its experience in organizing the electronic system of exchange trades.
Trades in futures for the common stocks of RAO UES, LUKoil, Surgutneftegaz and Index MICEX 10 were started on the MICEX.
The meeting of the MICEX stockholders discussed the results of the MICEX's performance in 2001 and defined the main areas of its further development.
The CIS Executive Committee adopted the 2002-2003 plan of forming the CIS integrated currency and stock markets, offered by the International Association of Exchanges of the CIS Countries and the MICEX.
May
Bonds of Volzhski Pipe Factory, Nevinnomysski Azot, LOMO, Nizhnekamskneftekhim, Severny Pipe Factory and municipal bonds of the city of Ufa were place in MICEX Stock Market Section.
The MICEX started trading in the RF eurobonds.
The Bulgarian Stock Exchange and the MICEX signed a Memorandum of cooperation with the aim of developing the infrastructure of stock markets and attracting investments in the companies of both countries.
The MICEX Exchange Council adopted the Statute of the derivatives market reserve fund and specifications of new contracts and discussed the main areas of development of the MICEX derivatives market.
In Rostov-on-Don, the Chamber of Trade of Rostov Region, the MICEX and the Rostov Currency and Stock Exchange signed a Memorandum on the development of the infrastructure of the stock and the commodity markets.
June
In the MICEX Stock Market Section, trading in the bonds of the Republic of Bashkortostan was started and bonds of Alfafinance Company and North — Eastern Alliance Company were placed.
The MICEX CEO Alexander Zakharov was awarded the Honorary Diploma of the RF Government "for outstanding contribution to the development of the currency and stock markets in Russia".
The RF Chamber of Commerce and Industry elected the MICEX CEO A.Zakharov member of the Board and appointed him Chairman of the CCI's Committee for Economic Integration.
At the meeting of the Council of the Heads of Central Banks of countries-participants in international organization "The Eurasian Economic Community" in Bishkek the MICEX CEO put forward proposals for the integration of the securities markets of the countries-members of the Community.
July
The bonds of CenterTelecom Company were placed in the Stock Market Section.
The MICEX offered a program of development of the derivatives market, envisaging the launch of new instruments and the extension of the time of trading.
The MICEX Exchange Council reduced commission rates for transactions in government securities and corporate bonds.
The MICEX Exchange Council decided to create an organized market of precious metals on the technological base of the MICEX.
August
The MICEX evaluated the results of contests of research projects on the subjects of "The Problems of the Development of the Exchange Currency Market and the Roles of Currency and Universal Exchanges in Achieving Currency Stability" and "The Problems of the Development of the Regional Securities Market".
Bonds of Russian Standard — Finance Company and Uralsvyazinform Company were placed in the Stock Market Section.
September
Maritime Territory Chamber of Commerce, the MICEX and the MICEX signed a memorandum of cooperation in the development of the infrastructure of the stock and commodity markets.
The MICEX and Reuters news agency presented a new stock market indicator — joint stock index RMX.
In Switzerland, the Association of Futures Markets and the International Association of Exchanges of the CIS Countries signed a Memorandum of cooperation in developing the infrastructure of derivatives and commodity markets.
In the MICEX Derivatives (Standard Contracts) Market Section, clearing was transferred to the MICEX Settlement Chamber.
The Vienna Exchange and the MICEX signed a Memorandum of cooperation in the dissemination of exchange information.
The MICEX started the "Best Individual Investor" contest to determine Russia's best portfolio investor.
The Armenian Stock Exchange and the MICEX signed a Memorandum of cooperation in developing exchange technologies and creating an integrated financial market.
Bonds of Vyksunski Metallurgy Plant, Moscow Bank of Reconstruction and Development, Russian Aluminum Finance Company, The Seventh Continent Company, Bashkirenergo Company and the bonds of the Republic of Bashkortostan and Tver Region were placed in the MICEX Stock Market Section.
October
The conference "The EU Experience and the Prospects of the Integration of Currency and Financial Markets of CIS countries" was held in Belgium with the support of the MICEX.
The general meeting of the International Association of Exchanges of the CIS countries supported the idea of creating the CIS international depository center.
First trading in futures on the common stock of Gazprom was held on the MICEX.
The MICEX and the National Association of Stock Exchange Dealers signed an agreement of cooperation.
The MICEX joined the World Federation of Exchanges as a corresponding member.
Governor of Sverdlovsk Region E.Rossel signed with the MICEX, the Urals Stock Exchange and the Yekaterinburg Stock Exchange an agreement of cooperation in developing the securities market in the Urals region.
Bonds of Prodimpex Trading House, Inter-Regional Investment Bank, Tverskaya Manufactura Partnership, GT-TETS Energo Company, LOKO-Bank, First Mortgage Company, RAO UES, Alfa-Eco M, ALROSA, Volga — flot, Bashinformsvyaz and Rosuglesbyt Company were placed in the MICEX Stock Market Section.
November
The Bank of Russia resumed auctions, held on the MICEX, to conclude direct REPO transactions with credit institutions in the GKO/OFZ market.
Trading in the framework of state procurements of grain of 2002 harvest was organized simultaneously in 7 regions, using the MICEX inter-regional infrastructure.
Bonds of RTK-Lesing, Finance Investments System Company, Irkutsk Aircraft Plant, Severny Gorod, Promsvyazbank, Gazprom, SMARTS, Inbankproduct, the bonds of Irkutsk Region and the city of Nizhni Novgorod were placed in the MICEX Stock Market Section.
December
In connection with the introduction of the new order of mandatory sale of hard-currency export receipts, the new version of the Rules of purchase and sale of foreign currency in the unified trading session of inter-bank currency exchanges (UTS) came into force, which considerably decreased the commission rate and repealed the 100% preliminary deposition of funds.
The first exhibition-auction of Russian Empire's rare securities, organized by the MICEX and investment company RIFC, was held in Moscow.
The Museum of Exchange Business History was opened at the MICEX.
The RF Finance Ministry announced Sberbank and the MICEX winners of the open contest, held to determine the agent, the depository and the organizer of trading to serve the market of government savings bonds.
The state-run company Central Control Office of the Fuel and Energy Complex of the RF Energy Ministry signed an agreement with the MICEX, the NTB Exchange and the Central Russian Universal Exchange to cooperate in the creation of the exchange market of oil and oil products in Russia.
The winner of the contest "Best Individual Investor-2002», held by VEO Otkrytie Company with the support of the MICEX, achieved a 860% yearly growth of his portfolio and received the first prize — a BMW 318i.
The MICEX and the Kazakhstan Stock Exchange agreed on the procedure of the implementation of the pilot project to create an integrated exchange currency market of Russia and Kazakhstan.
The Economic Council of CIS approved the project of creating an integrated currency market of CIS member-sates, presented by the MICEX and the IAE CIS.
Bonds of Rosinter Restaurants, EurazHolding, LMZ Svobodni Sokol, Novomoskovsk Joint-Stock company Azot, Izhmash, Impexbank, Kaustik, Amtelshiprom, the bonds of Belgorod Region, the Republic of Komi and Khanty-Mansi Autonomous Districts were placed in the MICEX Stock Market Section.
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MICEX Portrait
