Moscow Interbank Currency Exchange

Moscow Interbank Currency Exchange
Type Stock exchange
Location Moscow, Russia
Founded 1992
Owner MICEX Group
Key people Ruben Aganbegyan (President)
Currency Russian ruble
No. of listings 250
MarketCap US$998.6 billion (Dec 2010)[1]
Indexes MICEX Index

The Moscow Interbank Currency Exchange (Russian: Московская межбанковская валютная биржа) or MICEX is one of the largest universal stock exchanges in the Russian Federation and East Europe. MICEX opened in 1992 and is the leading Russian stock exchange. About 239 Russian companies are listed, with a market capitalization of US$950 billion as of December 2010.

MICEX consists 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.



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. Despite the August crisis of 1998, the stock exchange continued to strengthen its position as a leading trading platform in Russia.

See also


External links

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Moscow Interbank Currency Exchange — Archivo:MICEX logo3.gif Valores negociables y herramientas acciónes Bonos forex futuros Eurobond Divisa = rublo Capitalización d …   Wikipedia Español

  • Moscow Interbank Currency Exchange — ( MICEX) Established in 1992, the most liquid and best organized financial exchange in Russia. Bloomberg Financial Dictionary …   Financial and business terms

  • Moscow Interbank Currency Exchange —   A market for Commonwealth of Independent States banks to buy and sell dollars for roubles. The actual name of the exchange is Moskovskaya Mezhbankovskaya Valyutnaya Birzha but it is often known simply as Mice. It was founded by the Gosbank in… …   International financial encyclopaedia

  • National Stock Exchange of India — National Stock Exchange राष्ट्रीय शेअर बाज़ार …   Wikipedia

  • Shanghai Stock Exchange — 上海证券交易所 …   Wikipedia

  • Colombia Stock Exchange — Bolsa de Valores de Colombia …   Wikipedia

  • Australian Securities Exchange — ASX redirects here. For other uses, see ASX (disambiguation). Australian Securities Exchange …   Wikipedia

  • Iceland Stock Exchange — NASDAQ OMX Iceland Kauphöll Íslands Type Stock Exchange Locat …   Wikipedia

  • Beirut Stock Exchange — Type Stock Exchange Location Beirut, Lebanon Coordinates …   Wikipedia

  • New York Stock Exchange — This article is about the stock exchange. For its parent company, see NYSE Euronext. New York Stock Exchange …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.