Moscow Interbank Stock Market

The Moscow Interbank stock market is the largest exchange in Russia. The Moscow Interbank stock market or the Moscow Interbank Currency Exchange (MICEX) is located in Moscow, Russia. As of October 2006, the total capitalisation of the share market on the Moscow Interbank stock market reached over 750 billion US dollars. In 2007, the total trading volume of the Moscow Interbank stock market reached 4.2 trillion US dollars, with trade volume averaging 17 billion US dollars per day. Such figures made the Moscow Interbank Stock Exchange the largest exchange in the CIS, Central Europe and Eastern Europe. Likewise, the bank was ranked 17th among the world's top stock exchanges.

The Moscow Interbank stock market handles numerous markets. Among these are the currency market, stock market, government securities and money market, derivatives and commodity markets, and settlements and clearing. There are other lines of business associated with the Moscow Interbank stock market as well. Trading hours on the Moscow Interbank stock market occur from 10:30 AM to 6:45 PM. Hours also differ depending on the type of transaction being made. The MICEX trading system handles transactions electronically, with approximately 50% of securities transactions done through the Internet. The main index of the Moscow Interbank stock market is the MICEX Index, which was introduced in 1992.