Russian Stock Market

Transactions with financial instruments on exchanges and in off-exchange market.

MICEX

MICEX Stocks Section
Corporate equity and bonds. Major advantages:
the charter of “MICEX Clearing Chamber” contains limitations securing cash deposited in the trading system (the Chamber’s account with the Bank of Russia should cover the total balance of participants’ cash and these funds cannot be invested in any assets).
you can trade regardless of the volume of funds available – the average lot on exchange equals R 300;
“transparency” – trading is anonymous, all participants enjoy equal rights;
deals execution is guaranteed by the ”delivery against payment” mechanism;
you can use such financial instruments as marginal trade and uncovered shares sale options.
MICEX is taking measures to fight against market manipulations, in particular, those protecting investors from potential fraud in the Stock Section. (P.p.21, 22 of the Rules for trading securities on MICEX)

NP “RTS Stock Exchange”

RTS

Trading with all the leading RTS participants both in rubles and in foreign currencies without pre-trade deposit. Operations with large stakes possible. Over 350 stocks and bonds are admitted for trading in RTS. Processing of payments between non-residents in USD.
RTS Clearing Chamber has signed an Insurance Agreement with OSAO “Ingosstrakh”; all risks are covered with a complex crime policy, which makes the Chamber one of the low risk lending institutions and, accordingly, extremely attractive for all categories of investors in terms of cash safekeeping and settlements processing.
RTS-SGP. System of Guaranteed Prices
RAO Gazprom shares. RTS index tied trading. VEO Otkrytie offers you an opportunity to trade non-listed securities which do not have sufficient liquidity level on MICEX.
Derivative Instruments Section (FORTS)
RTS Derivative Instruments Section which combines technologies of the RTS Stock Exchange and “St.-Petersburg” Stock Exchange is the most liquid market for derivatives.
Futures and options enable a wide range of investors to use the multiplicity of capital management tools while keeping their costs low.
Trading in the derivatives market can be more efficient than transactions in the market of the base assets not only due to the “margin effect” but also as you can forget about certain transaction costs (such as cost of borrowed funds and depository fees). Even commissions associated with FORTS time contracts are considerably lower than similar commissions in the spot market.

“Saint-Petersburg” Stock Exchange
Stock Section
The opportunity to trade corporate and municipal securities, including RAO Gazprom shares, through an internet-based terminal and a broker. The exchange uses “Financial House Clearing Center ” – a non-banking credit institution - as a clearing center for the spot market. Shares of RAO Gazprom serviced by Depository # 883 had been traded since 1997.