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Today, MICEX and Vienna Stock Exchange (VSE) have signed an agreement regarding the use of MICEX price information for index calculation purposes at the VSE.
Since 1997 the VSE has provided the RTX-Russian Traded Index as a tradable benchmark for Russian companies. The in-depth expertise of the VSE regarding indices is recognized worldwide, and more than 45 financial institutions are currently using the RTX as the underlying for their structured products, such as index-linked certificates, bonds, warrants, SWAPs and OTC derivatives.
According to the MICEX President, Alexander Potemkin, today the MICEX accounts for about 70% of the total volume of on-exchange trading in Russian shares (including depository receipts traded on international trading floors). That liquidity makes the MICEX the main centre for international investment in leading Russian companies. Last year, the MICEX widened the range of its stock market indicators by launching sectoral and capitalization indices.
“The signing of this latest Agreement is another step in improving the transparency and attractiveness of the Russian stock market for international, especially European, investors. We hope that cooperation with our longtime partner, the Vienna Stock Exchange, will contribute to the popularity of operations with Russian assets in the international financial markets,” said Potemkin
Vienna Stock Exchange publishes the index-related information on its website www.indices.cc where visitors can find the detailed index rules as well as the current index composition.
