Over 200 Market Participants Gather for MICEX-RTS London Seminar
London – United Russian exchange MICEX-RTS today hosted more than 200 investors, brokers and other market participants in London for a seminar devoted to reforms and innovations at the exchange, prominently the introduction of settlement in T+3 and the creation of a Central Securities Depositary.
The event, titled "Russia Is Not About Bears", introduced the Russian exchange to prospective market participants and updated existing clients on advancements at the exchange. After opening remarks by MICEX-RTS President and CEO Ruben Aganbegyan, four panel sessions covered the following topics: settlement in T+3, the Central Securities Depositary (CSD), development of the foreign exchange market and opportunities on the Russian derivatives market. The transition to T+3 and the launch of a CSD are two major innovations currently underway that make trading in Russia more attractive for international market participants.
The two main Russian exchanges MICEX and RTS completed their merger in December 2011, creating a one-stop-shop for trading across Russian equities, bonds, derivatives and currencies.
Ruben Aganbegyan said:
"We are delighted at the strong interest the London financial community has shown in the innovations and reforms we are implementing at MICEX-RTS. I am confident that as these reforms come online international market participants will be increasingly drawn to trading in Moscow."
MICEX-RTS held a similar event in New York on April 17 and a major conference devoted to market innovations on April 5 in Moscow.
The event agenda and management presentations are available on our dedicated webpage.
MICEX-RTS was formed as a result of the merger in December 2011 of MICEX and RTS, Russia's two leading exchanges. The exchange offers trading across a wide variety of asset classes including equities, bonds, currencies and derivatives.
For additional information, contact:
Rufina Baybulatova, Press Service of MICEX-RTS, +7 (495) 363-3232, e-mail: Rufina.Baybulatova@micex.comQuinn Martin, Frontier, Tel. +7 (985) 361-0369, e-mail: firstname.lastname@example.org