Moscow Exchange Group is Russia’s sole multifunctional exchange platform, established in 2011 by the merger of MICEX (Moscow Interbank Currency Exchange, founded in 1992) and the RTS (Russian Trading System, founded in 1995). The Group comprises:

• OJSC Moscow Exchange, an organiser of trading on the FX and Derivatives Markets
• CJSC MICEX SE, an organiser of trading on the Equity and Bond Market, as well as the Money Market.
• CJSC National Settlement Depository (NSD), the central securities depository.
• JSC Bank National Clearing Centre (NCC Clearing Bank), Russia’s largest clearing centre.
• CJSC National Commodity Exchange (NCE), a commodities exchange.

Moscow Exchange holds majority stakes in all key subsidiaries, including 100% stakes in MICEX SE and the NCC Clearing Bank, a 99.997% stake in the NSD, and a 62% stake in the NCE.