Moscow Exchange
Representatives :
|
Types of Securities Traded |
Name of Trading Systems (cash and derivatives) |
Trading Hours |
|
Shares
Investment funds’ shares
Government bonds
Corporate and municipal bonds
Equity Derivatives
Index derivatives
Commodity derivatives
|
ASTS
|
Moscow time (GMT+3)
10.15-10.30 - Main trading mode (pre-trading period) 10.30-18.45 - Main trading mode (trading session) 18.45-18.50 - Main trading mode (post-trading period) 10.00-18.00 - Negotiated deals mode (settlement code: Z0) 10.00-19.00 - Negotiated deals mode (settlement codes: T0, B0-B30) 10.00-19.00 - REPOs (settlement codes: R00-R90) 10.00-18.00 - Equity REPOs (settlement code: Z0) 10.00-19.00 - Equity REPOs (settlement codes: Rb, S0, S01, S02) 10.00-18.00 - Bond REPOs (settlement code: Z0) 10.00-19.00 - Bond REPOs (settlement codes: Rb, S0, S01, S02) 16.00-19.00 - Incomplete lots
|
Supervisory Body
Federal Service for Financial Markets – for stock market
Central Bank – for currency and derivatives markets
Ministry for the Antimonopoly Policy – for derivatives and commodities markets
Name of Clearing & Settlement Organization
National Clearing Center – FX clearing
MICEX Settlement House – cash settlement
National Depository Center – securities settlement
Settlement Cycle
T+0 – stock market
T+n – FX market, stock market (starting 2010)
Name of Central Securities Depository
National Depository Center
Commissions on Transactions levied by Exchange
Taxes on Dividends, Interests
Dividends: 9% - residents, 15% - non-resident legal bodies, 30% - non-resident individuals
2009 Share ownership thresholds (%)
|
The Central Bank of Russian Federation |
29,793 |
|
"UniCredit Bank" |
12,741 |
|
"Bank for Development and Foreign Trade (Vnesheconombank)” |
11,813 |
|
VTB Bank (public corporation) |
7,617 |
|
Joint-Stock Commercial Savings Bank of the Russian Federation (Sberbank) (public corporation) |
7,542 |
|
Joint-Stock Commercial Bank "ROSBANK" (public corporation) |
4,945 |
|
Joint-Stock Commercial Bank "CentroCredit" (closed joint-stock company) |
4,283 |
|
International Bank for Economic Co-operation |
3,435 |
|
“Industrial Commercial AVTOVAZBANK" (public corporation) |
3,435 |
|
Bank "Saint Petersburg" (public corporation) |
3,435 |
|
"Gazprombank" (public corporation) |
3,435 |
Short selling (Yes / No)
No
Short selling conditions (if any)