The Moscow Interbank Currency Exchange (MICEX) has put into operation a web-based simulator of trading in the securities market. ZAO FINAM was the first company to rent the simulator under an agreement with the MICEX. ZAO FINAM can now enable its potential clients to use the simulator to learn how to work in the stock market by carrying out virtual transactions in an environment which imitates real-life conditions.
The new service provides for the connection of organizations–participants in trading to the MICEX trading simulator with the purpose of studying its capabilities and demonstrating to potential clients the possibilities of web-based trading on the MICEX Stock Exchange.
Connection to the MICEX simulator enables market participants to:
- obtain a state-of-the-art facility for training stock market managers
- avoid expenses connected with creating their own, similar, facility and its maintenance,
- obtain a competitive edge in marketing their own services and attracting clients,
- tune up the systems of web-based trading and mechanical trading systems.
Other participants in the securities market which have displayed their interest in the new project and are now negotiating agreements with the MICEX are Sberbank, BD Otkrytiye, MDM-Bank, ZAO IFK Solid, ZAO Alor-Invest, ZA Intrust Financial Company and some other companies.
