The Central Bank and Russia’s largest commercial banks established the Moscow Interbank Currency Exchange (MICEX) on 9 January 1992.
1993 Birth of GKO (short term government bond) market
In May, the exchange began running auctions and trading on the secondary GKO (short term government bond) market.
1995 Establishment of RTS
In July, trading was launched on the Russian Trading System’s (RTS) Classica market. On 1 September, the USD denominated RTS Index began being calculated.
1996 Launch of futures trading
In September, MICEX launched trading in USD and GKO futures. The contracts immediately became very popular on the Russian market.
1997 Establishment of National Depository Centre
In January, MICEX and Central Bank established the National Depository Center (NDC) to ensure settlement in securities on the exchange-based stock market.
1997 Launch of MICEX Index
In September, the aggregated MICEX equity index, the main RUB denominated Russian market benchmark, was launched. It initially included the five most liquid stocks.
1999 Launch of the exchange-based corporate bond market
Debut corporate bond placements were made on MICEX, with Gazprom and Tyumen Oil Company being the first issuers.
2006 Launch of trading in Gazprom stock on MICEX
In January 2006, MICEX launched trading in shares of Gazprom, Russia’s largest company. Since then, Gazprom shares have been one of the most liquid security on Russia’s stock market.
2009 Gaining full WFE membership
MICEX became the first Russian exchange to receive full member status of the Word Federation of Exchanges.
2011 MICEX—RTS merger
MICEX and RTS, Russia’s two largest stock exchanges, merged. The unified exchange was named MICEX RTS, then Moscow Exchange.
2012 Launch of the Russia’s Central Securities Depositary
In November, the Russian regulator granted central securities depository status to the NSD to allow centralized record keeping for securities.
2013 Moscow Exchange IPO
On 15 February, Moscow Exchange completed its own IPO, raising RUB 15 bln.
