name: Moscow Exchange
Moscow Exchange is the largest exchange group in Russia. Its services and products include: stocks, bonds, derivatives, foreign exchange markets, currency markets and precious metals trading markets. Moscow Exchange Group also operates Russia’s Central Securities Depository and Russia’s largest clearing service provider.
The Moscow Exchange was merged by the Moscow Interbank Currency Exchange and the Russian Trading System in December 2011. On July 1, 2014, the central bank of Russia, the major shareholder of the exchange, announced the sale of its shares in compliance with the 2013 law.
The Moscow Exchange completed its initial public offering on February 15, 2013 and raised 15 billion rubles (about 500 million US dollars). This public offering was the largest offering in Moscow at that time, with more than twice the oversubscription, and attracted many institutional investors around the world. On November 26, 2013, the stocks of the exchange included MSCI Russia Index.
As of September 25, 2013, the largest shareholders of the Moscow Exchange are the Central Bank of Russia (22.47%), Sberbank (9.6%), Vneshekonbank (8%), the European Bank for Reconstruction and Development (5.8%), and Unicredit. Bank (5.7%), MICEX-Finance (6.6%), Russian Foreign Trade Bank (5.4%) and Shengdong Investment Co., Ltd. (5.3%).
As of October 1, 2013, the Moscow Exchange had 709 listed companies and 1845 securities, including: stocks, bonds, Russian depositary receipts, OFZs, Eurobonds, mutual funds, mortgage certificates, foreign securities, and exchange trading fund. Major Russian companies listed on the Moscow Stock Exchange include Gazprom, Sberbank, Rosneft, Lukoil and VTB.
In October 2013, the Russian diamond mining company Alrosa was listed on the Moscow Stock Exchange, raising 41.3 billion rubles (1.3 billion US dollars). This transaction is part of Russia’s privatization plan, and the Russian government has issued a decree to execute it through the Moscow Exchange.
Since 1992, the Moscow Exchange is the oldest foreign exchange market in Russia. The electronic trading system provides a wide range of currencies, including: US dollars, euros, Chinese yuan, Ukrainian hryvnia, Kazakhstani tenge, Belarusian ruble, dual currency baskets and foreign exchange swap transactions. In 2012, the total trading volume of its foreign exchange market was 117 trillion rubles.
The Moscow Exchange is headquartered in Moscow, Russia, owned by the MICEX Group and the Russian Trading System, the chairman of the board of directors is Alexander Afanasiev, the currency is the Russian ruble, and the indexes include: MICEX index and RTS index.
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