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, consisting of shares and corporate bonds about 600 Russian companies with a total capitalization of nearly 24 trillion Rubles.
MICEX consists of about 550 participating organizations and members, ...
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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, consisting of shares and corporate bonds about 600 Russian companies with a total capitalization of nearly 24 trillion Rubles.
MICEX consists of about 550 participating organizations and members, which do trading for their clients. In 2006 the volume of transactions on the MICEX reached 20.38 trillion rubles (754.9 billion USD), 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 become by the main platform for carrying out currency transactions for banks...
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