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The WFE is the association of 52 regulated exchanges around the world. We develop and promote standards in markets.
Member Exchanges
Moscow Interbank Currency Exchange
Representatives :
President & CEO : Mr. Konstantin N. Korischenko
2010 holidays
January - 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 | February - 22, 23, 27 | March - 8 | May - 31 | June - 14 | November - 4, 13
- * - Half trading day (Short trading day) |
- ** - To replace a public holiday that falls on a Sunday |
- *** - Close early |
- **** - Will close at 1.00pm
- ο - Subject to the appearence of the moon |
- † - Subject to change |
- (I) - Weekends in Iran : Every Thursday & Friday
- (II) - Weekends in Israel : Every Friday & Saturday |
- (III) - In Malaysia, Saturday & Sunday are non-trading days
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
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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)