Futures market in Russia
Historically, in Russia there were 2 stock markets: RTS and MICEX.
1. The Moscow Interbank Currency Exchange or MICEX was one of the largest
universal stock
exchanges in the Russian Federation and East Europe. MICEX opened in 1992 and was the
leading Russian stock exchange.
MICEX consisted of about 550 participating organizations and members, which trade 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.
1. The Russian Trading System (RTS) was a stock market established in 1995 in
Moscow, consolidating various regional trading floors into one exchange.
Originally RTS was modeled on NASDAQs trading and settlement software; in
1998 the exchange went on line with its own in-house system. Initially created as a
non-profit organization, it was transformed into a joint-stock company. It had
Futures on 16 most liquid stocks on RTS Index , RTS Standard. Futures on
USD/RUB, EUR/RUB, EUR/USD, Futures on Gas oil, Delivery futures on Sugar,
Futures on Gold and on Silver, Futures on Brent and Urals Oil, Futures on Platinum
and Palladium.
In 2011 MICEX merged with Russian Trading System creating Moscow Exchange.
Moscow Exchange is the largest stock exchange in Russia, located in Moscow, trading
equities, bonds, derivatives, precious metals and currencies. It was officially established on
19 December 2011 through the merger of the two largest Moscow-based stock exchanges,
the Moscow Interbank Currency Exchange and the Russian Trading System. The merger
