The MICEX Group Joins The Top 20 Global Exchanges - Daily Trading Volume For Equities And Bonds Hits US$ 4.37 Billion

MICEX Group, the largest integrated exchange in Russia and Central and Eastern Europe, announces today the results of the 2007 trading activities.

In 2007 the total volume of trading in all markets of the MICEX Group amounted to RUR 106.9 trillion (US$ 4.2 trillion), more than two times that achieved in 2006 (RUR 52 trillion or US$ 1.9 trillion). This is a record for exchange-based trading on MICEX. During the year, average daily turnover across all markets rose to RUR 431 billion (US$ 17 billion).
The MICEX Group confirmed its status as the largest exchange in Russia and more broadly in the CIS, Central and Eastern Europe. By the volume of exchange-based trading in securities, the MICEX Group joined the list of the world’s top 20 stock exchanges (on preliminary data it ranks 17th for the period Jan-Nov 2007).
Hosting more than half the global turnover in Russian securities, the MICEX Stock Exchange has become the centre of liquidity for Russian assets and the main route for international investment in leading Russian companies. The average daily trading volume in the corporate securities (equities, corporate and regional and municipal bonds and repos) reached RUR 175.4 billion (US$ 6.9 billion), accounting for 99% of the total trading volume on all Russian exchanges (90% in 2006). Trading in Russian equities on MICEX Stock Exchange rose to 71% of the total exchange-based trading in Russian stocks globally, including GDRs and ADRs (from 69% in 2006).

Alexander Potemkin, President of MICEX, said:

"The Group achieved a record-high volume of exchange-based trading as a result of implementing new exchange products and services, and thanks to the overall growth of the Russian stock market. The equity market is becoming an important tool for Russian companies to attract investments for their development and modernization. MICEX’s goal is the development of market mechanisms to set the currency’s exchange rate, and to secure the effective flow of capital into Russia's economy on the basis of advanced exchange and information technologies.”