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Moscow Interbank Currency Exchange

Russian stock market index

Field	Value
name	Moscow Interbank Currency Exchange
logo	[[File:MICEX logo3.gif	150px	MICEX Logo]]
image	[[File:MICEX.jpg	200px]]
type	Stock exchange
city	Moscow
country	Russia
founded	1992
closed	2011
owner	MICEX Group
key_people	Ruben Aganbegyan (President)
currency	Russian ruble
listings	250
mcap	US$770.6 billion (Dec 2011)
indexes	MICEX Index
homepage

The Moscow Interbank Currency Exchange () or MICEX () was a stock exchange that operated in Russia from 1992 to 2011. MICEX was the leading Russian stock exchange and one of the largest universal stock exchanges in Eastern Europe. It merged with the Russian Trading System in 2011, creating Moscow Exchange.

MICEX consisted of about 550 participating organizations and members, which traded for their clients. In 2006 the volume of transactions on the MICEX reached 20.38 trillion rubles (US$754.9 billion), representing more than 90% of the total turnover of the leading stock exchanges in the Russian stock market. About 239 Russian companies were listed, with a market capitalization of US$950 billion as of December 2010.

History

MICEX started with currency auctions in November 1989 as an initiative by the Foreign trade and investment bank of the USSR. Thus, for the first time the market ruble exchange rate to dollar was established. In January 1992 it became the main platform for carrying out currency transactions for banks and enterprises.

Until July 1992 the rate in the Moscow Interbank Stock Exchange was used by the Central Bank for the official quotation of ruble to foreign currencies. In the mid-1990s preparation for trading corporate securities and futures began.

On 19 December 2011, MICEX merged with the Russian Trading System to form a single entity known as MICEX-RTS that was expected to become a leading stock exchange globally for trading across asset classes and to advance Russia's plans to turn Moscow into an international financial centre. The goals of the merger included the optimisation of the Russian stock market, the reduction of the number of organisations with overlapping functions, the creation of a single platform for issuers, traders and investors, the reduction of transaction costs, and easier trading.

Problems in merging the infrastructure resulted in computer errors in trades, something that had not happened on the merged exchanges for a decade: on the first day of trades, there was a short period of computer glitches when the clearing system malfunctioned, which resulted in registering multiple unsanctioned deals, with some traders suffering losses.

A new brand for the united exchange was unveiled in the first half of 2012.

Chairman of the Board of Directors

From 2009 until 2012, Bella Ilyinichna (also tranliterated Ilinichna) Zlatkis () was chairman of the board of directors.

Notes

References

[http://www.world-exchanges.org/statistics/ World-exchanges.org] {{webarchive. link. (2010-09-25)
Овчинников, О. (Ovchinnikov, O.). (8 November 2000). "ЦБ - центральный Банд ...". [[:ru:Агентство федеральных расследований.
(2025). "Златкис Белла Ильинична". www.tadviser.ru.
(2019). "Белла Ильинична Златкис". letopis.org.
(24 September 2025). "Белла Ильинична Златкис". «Экономическая летопись России» (Economic Chronicle of Russia) (wiki.letopis.ru).
(19 January 2025). "Московская межбанковская валютная биржа («ММВБ»)". «Экономическая летопись России» (Economic Chronicle of Russia) (wiki.letopis.ru).
(2025). "Белла Ильинична Златкис". «Музей Финансового Рынка» ("Museum of the Financial Market") (fr.letopis.ru).
(2017). "Златкис Белла Ильинична". АНО «Экономическая летопись» (ANO "Economic Chronicle") (letopis.org).
(8 May 2022). "Russia-related Designations and Designations Updates; Issuance of Russia-related General Licenses, Publication of Russia-related Frequently Asked Questions". [[United States Department of the Treasury]]: [[Office of Foreign Assets Control]] (ofac.treasury.gov).

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