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32-462: The RTS Index (RTSI) was first calculated on September 1, 1995. It is now the official indicator of Moscow Exchange . The RTSI is a capitalization-weighted composite index calculated based on prices of the 50 most liquid Russian stocks. The Index is calculated in real time and denominated in US dollars. The RTS Index (RTSI) reached its highest point at 2,498.10 on 19 May 2008 (closing price: 2,487.92), which

64-544: A merger of the Moscow Interbank Currency Exchange and the Russian Trading System . At the end of 2023, the total trading volume on MOEX platforms reached 1.3 quadrillion rubles (about $ 14 trillion). The Moscow Exchange was established on 19 December 2011 by merging the two largest Moscow-based exchanges, the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System , hence

96-591: A record was entered into the Unified State Register of Legal Entities (USRLE) about the termination of the activities of JSC "RTS," and the Charter of the Open Joint Stock Company "MICEX-RTS" in the new edition was registered by the registering authority. A deal was made to merge JSC "RTS" and CJSC MICEX (now JSC " Moscow Exchange "). RTS Index The RTS Index ( RTSI ; Russian : Индекс РТС )

128-463: A total of approximately RUB 200 bln. On the fixed income side, more than 400 bond issues were placed, raising more than RUB 3.4 trillion for issuers. Moscow Exchange includes shares of many of Russia's largest companies, including Gazprom, Sberbank, Rosneft, Lukoil and VTB. Global investment banks began to provide their clients with DMA to the Russian market in 2013. As a result of regulatory changes,

160-521: Is a free-float capitalization-weighted index of 50 Russian stocks traded on the Moscow Exchange , calculated in US dollars. The index was introduced on September 1, 1995, with the formation of the Russian Trading System (RTS) stock exchange, which later merged with Moscow Interbank Currency Exchange (MICEX) to form the Moscow Exchange. The RTS Index was introduced with a base value of 100. It

192-549: Is based on non-anonymous quotes without prior deposit (without transfer to collateral storage) of securities and funds, allowing for trading a wide range of securities. Based on prices formed on the classical stock market, the RTS Index has been calculated since 1995, becoming (alongside the MOEX Russia Index ) one of the main indicators of the Russian stock market. The RTS Index is calculated based on quotes for 50 securities of

224-635: Is calculated in a real-time mode. The list of stocks is reviewed every three months. The RTSI peaked on 19 May 2008 at 2,498.10 points, and fell to 492.59 on 23 January 2009. In addition to the RTS Index, Moscow Exchange also computes and publishes the RTS Standard Index (RTSSTD), RTS-2 Index, RTS Siberia Index and seven sectoral indices (Telecommunication, Financial, Metals & Mining, Oil & Gas, Industrial, Consumer & Retail, and Electric Utilities). The RTS Standard and RTS-2 are compiled similarly to

256-593: Is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market , money markets , and precious metals. The Moscow Exchange also operates Russia's central securities depository , the National Settlement Depository (NSD), and the country's largest clearing service provider , the National Clearing Centre. The exchange was formed in 2011 in

288-729: The European Central Securities Depositories Association (ECSDA) suspended NSD from membership in the association. In addition, the European Union added NSD to its extended sanctions list , blocking NSD's accounts in euros and in Euroclear and Clearstream and making it impossible to service forex -denominated bonds issued by Russia and Russian companies, and the NSD suspended transactions in euros . Another Moscow Exchange subsidiary, National Clearing Centre (NCC),

320-696: The Futures Industry Association as of June 2014. Futures contracts on the U.S. dollar-Russian ruble were ranked first on 2014 in global liquidity, according to the Futures Industry Association. As of October 2014, 58 types of futures and 18 types of options were traded on the Exchange. Moscow Exchange introduced spot trading in gold and silver in 2013. It has postponed a launch of trade in platinum and palladium by end of October or early November 2014 in order to do additional testing of

352-449: The "Eurasian Trading System" JSC (ETS) in Almaty ( Kazakhstan ). The first product launched into circulation was third-grade wheat. Currently, the traded commodities on ETS include wheat, rye, barley, and sunflower seeds. On April 23, 2009, trading began on the new ruble stock market RTS Standard. Trading is conducted on the 20 most liquid securities of Russian issuers. On December 19, 2011,

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384-631: The Central Bank to fully sell its stake in the exchange by 1 January 2016. In October 2018, Moscow Exchange launched the trading of deliverable gold futures on its Derivatives Market. Gold are delivered through precious metals market spot section. On 24 February 2022, following the start of the Russian invasion of Ukraine , the Moscow Exchange suspended trading until further notice. On 27 February, TASS reported that foreign clients were banned from selling any securities, effective immediately. On 4 March,

416-456: The Exchange's infrastructure to implement monetary policy and provide liquidity to the market through repo transactions and FX swap transactions. For its domestic and international clients, including banks and corporates, Moscow Exchange offers products to manage liquidity and FX exposure. It is the centre of pricing for RUB and offers many RUB currency pairs, with tight spreads based on a transparent order book. All transactions (spot and swap) on

448-476: The FORTS futures and options market. The main trading session ends at 18:45 MSK, followed by a clearing session until 19:00 MSK. The evening session continues from 19:00 MSK to 23:50 MSK. Settlements for transactions concluded during this period are made during the intermediate clearing session from 14:00 to 14:03 MSK the next trading day. In February 2009, the exchange was rebranded. On March 26, 2009, trading began at

480-582: The FX market are centrally cleared by National Clearing Centre. In September 2014, average daily trading volume across all currency pairs was US$ 22.4 bln. While RUB/USD and RUB/EUR were the most traded currency pairs in 2014, Moscow Exchange also promoted trading in other currencies. In particular the RUB/CNY pair was well received by the market and trading in the GBP and HKD were launched in late 2014. Moscow Exchange as of 2014

512-570: The NSD, allowing international investors access to Russian bonds and equities, and giving Russian issuers access to non-Russian investors. In the wake of the 2022 Russian invasion of Ukraine , NSD blocked and froze all securities held in Euroclear's account at NSD, on March 1, 2022. NSD also froze payments on securities of Russian issuers from being made to non-Russian individuals and entities. On March 18, 2022, NSD's accounts at Euroclear and Clearstream (which together held €50tn of assets on behalf of investors) were blocked and frozen. In March 2022,

544-463: The RTS Exchange. By the fall of 2011, the fund became the largest shareholder of the exchange, increasing its stake to 15%. In addition, the team from Da Vinci Capital was directly involved in negotiations for a merger with the Moscow Interbank Currency Exchange (MICEX) . In May 2008, RTS initiated the creation of JSC " Ukrainian Exchange " — a joint project with Ukrainian securities traders. The goal

576-536: The RTS Index, from a list of top 15 large-cap stocks and 50+ second-tier stocks, respectively. The following table shows the annual development of the RTS Index since 1995. From September 22, 2017 the composition of the RTS Index is the following: This article about stock exchanges is a stub . You can help Misplaced Pages by expanding it . Moscow Exchange The Moscow Exchange ( MOEX ; Russian: Московская биржа , romanized : Moskovskaya birzha , IPA: [mɐˈskofskəjə ˈbʲirʐə] )

608-524: The act of short selling would be banned. On 26 March, it was announced that limited trading would be expanded to all stocks in a shortened four-hour session on 28 March. It remains unclear if, and if so when, normal operations will resume. The exchange was also targeted as part of international sanctions against Russia . On May 5, the United Kingdom revoked the exchange’s status as a UK "recognized stock exchange", thereby depriving securities traded on

640-701: The exchange of certain UK tax reliefs. The Executive Board consists of five members: For 2020-2021 the board consisted of the following members: Moscow Exchange's shares are publicly traded under the ticker MOEX. As of December 2021 approximately 63% of shares were in the free float, while the following held blocks of shares: Central Bank of Russia (11.75%), Sberbank (9.9%), Vnesheconombank (8.4%), European Bank for Reconstruction and Development (6.1%) and US asset management firm Capital Research and Management Company, which manages more than $ 1.3 trillion globally in retirement assets. In total, US investors owned 36.8% of

672-508: The exchange was suspended from the World Federation of Exchanges . On 18 March it was announced that trading in OFZ bonds should be resumed on 21 March. On 23 March, it was announced that trading of 33 ruble securities would resume on 24 March for residents of Russia, but that foreign investors were being restricted to repo deals and deals with derivative instruments. It was also announced that

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704-422: The international central securities depositories Euroclear and Clearstream offered clearance and settlement services for Russian stocks and bonds. In addition, Moscow Exchange focused on further developing the domestic investor base. The number of individuals with brokerage accounts on Moscow Exchange reached 17 million as of January 2022, which represented 11% of Russia’s population. The Bank of Russia uses

736-606: The most capitalized Russian companies. In early 2000, RTS received a stock exchange license. In February 2001, the RTS Board system was launched — an information system of the RTS Stock Exchange designed for indicative quoting of securities not admitted to trading on the RTS. RTS Board includes quotes for almost 2,000 securities from over 1,000 issuers. In September 2001, the futures and options market FORTS (Futures and Options on RTS)

768-445: The name "Moscow Exchange MICEX-RTS". Both organisations had been formed in the 1990s and were leading Russian exchanges for two decades with their MICEX Index and the RTS Index. The merger created a single entity to support Russia's plans to turn Moscow into an international financial centre. The exchange completed an initial public offering on 15 February 2013, raising 15 billion ₽ (approximately US$ 500 million). The offering, at

800-486: The shares of Moscow Exchange, and UK investors owned 10.1%. Additionally, 360,000 Russian retail investors owned MOEX shares. The Equity & Bond Market is a key platform for Russian businesses to raise capital and for domestic and international investors to access equity and debt investment opportunities. It is the main trading venue for Russian stocks as well as government, municipal, and corporate bonds. In 2013–2014, 16 companies placed stock via Moscow Exchange, raising

832-632: The time the largest ever held exclusively in Moscow, was more than twice oversubscribed and drew demand from institutional investors globally. The exchange's shares were included in the MSCI Russia Index in November 2013. In July 2014 the Central Bank of Russia , the largest shareholder of the exchange, completed the public sale of shares representing nearly 12% of the exchange. A Russian federal law requires

864-515: The trading and clearing system. National Mercantile Exchange is Russia's platform for spot grain trading , as well as in deliverable futures on agricultural products. Since 2002, National Mercantile Exchange has been the platform by which the Russian state executes interventions in the grain market . Moscow Exchange subsidiary National Settlement Depository (NSD) was granted status as Russia's Central Securities Depository in 2012. Subsequently, Euroclear and Clearstream opened accounts with

896-605: Was during the global financial crisis of 2008 . In 1995, market professionals established the "Non-Profit Partnership for the Development of the Financial Market (NPF RTS)" to create a platform for organizing and regulating over-the-counter trading of securities. This marked the creation of the classical RTS stock market. The main principles of trading on the classical market include the ability to enter into transactions, choose currency, method, and timing of settlements. Trading

928-444: Was launched. This is the RTS futures market for trading derivative financial instruments. The use of delivery futures on stocks, settlement futures, and futures options allows investors to implement various strategies: speculative operations, risk hedging, arbitrage, and effective management of a portfolio of individual stocks or with the help of a futures on the RTS Index. In 2004, according to new regulations for exchange business, RTS

960-444: Was one of the 10 largest exchange platforms for derivatives trading globally. The Derivatives Market facilitates trading of options contracts on, as well as futures contracts on indices, shares of both Russian and foreign companies, currency pairs, precious metals, energy and agricultural products. Futures on the RTS Index ranked sixth among the world's most actively traded derivatives on stock market indices according to data from

992-577: Was to simplify access to the Ukrainian stock market and to compete with the Ukrainian Stock Exchange (PFTS) . On March 26, 2009, the "Ukrainian Exchange" announced the start of trading in securities. The exchange trading system for the first time in Ukraine allows individuals to participate directly in trading using online trading systems. On May 26, 2008, an evening trading session was introduced on

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1024-515: Was transformed into a joint-stock company. On November 15, 2005, an anonymous electronic trading mode was launched. The most liquid stocks of the classical RTS market are traded here. In 2007, a platform for small and medium-sized companies, RTS START, began operating. In 2008, the RTS Global project was launched. In March 2008, the Da Vinci Capital fund managed by Oleg Jelesko invested in

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