Moscow Exchange operates Russia’s largest public trading markets for equity, bonds, derivatives, forex and money market products, as well as Russia’s Central Securities Depository (CSD) and the country’s largest clearing service provider, National Clearing Centre. It also provides information services relating to the Russian securities market, as well as software solutions and other technology services to its members. At end 2012, it ranked among the world’s top 20 exchanges for equity trading by market cap and among the top 10 exchanges for bond trading by trading volume (by value) and, in 1H12, for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 694 companies listed on its securities exchange (as of December 31, 2012), including many of Russia’s largest companies.
Moscow Exchange was formed in December 2011 as a result of a merger between Russia’s two main exchange groups. The merger brought together MICEX Group, the oldest domestic exchange and operator of the leading securities, forex and money market platform in Russia, and RTS Group, at the time the operator of Russia’s leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Following the merger, the company became an open joint-stock company (OJSC) and was named Moscow Exchange.