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Market History
1997
January, 3
MICEX transferred the function of settlement of accounts by trading session results to MICEX Clearing House.
January, 21
MICEX together with CB RF incorporated non-commercial partnership "National Depository Center" (NDC) to provide depository services on ORCB in order to improve exchange infrastructure and to adjust it to provisions of the current legislation.
February, 24
New GScs type — federal bonds with fixed income (OFZ-PS) — was introduced to GScs market. On March, 15 the first auction for primary allocation of such instrument was conducted.
March, 17
St.Petersburg Clearing Center settled the first accounts by results of GScs trading session with participation of St.Petersburg dealers.
March
The first remote computer terminal (Information Workstation), installed abroad (in Paris), started to work, providing foreign investors with opportunity to follow trading sessions in on-line mode.
July
Trading System started to offer an option for concluding 'off-system' (negotiated) deals.
October
Daily auctions in REPO vs Bank of Russia started.
October, 30
Siberian Clearing Center started to settle accounts by results of trading sessions with participation of Novosibirsk dealers.
December, 9
National Depository Center (NDC) was granted the License, issued by Federal Commission for Securities and Stock Market No. 000-00604-000400, of Professional Participant on Stock Market for conducting depository functions.
Year Outcome: total turnover of the market reached 436.01 trillion RUR. Auction turnover accounted for 389.67 trillion RUR, secondary trading turnover accounted for 876.13 trillion RUR.
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Government Securities & Money Market
