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Market History
1994
GKO market acquired macroeconomic features, making MICEX the key national Stock Exchange, occupying 90% of the total national organized stock market by its turnover.
February
CB RF officially announced that the market had become accessible to non-residents, so they were allowed to purchase up to 10% of nominal amount of each GKO issue.
March
Within GKO project MICEX has installed a new computerized integrated network — trading and depository system (TDS) of the new generation, which enlarged the number of traders and formed a new stage in organizing trading sessions with new financial instruments on stock and futures markets.
June
MICEX started to conduct trading sessions every day.
July
Developing organizational and technical infrastructure of the market and creating prerequisites for enlargement of its investor base, MICEX started to deploy the project of installing remote workstations at traders' offices.
Year Outcome: total market turnover reached 10.3 trillion RUR. Auction turnover accounted for 12.7 trillion RUR, secondary trading turnover accounted for 14.6 trillion RUR.
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Government Securities & Money Market
