(Vienna/Moscow) 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 as more than 45 financial institutions are currently using the RTX as underlying for their structured products like 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 assets. This makes the MICEX the main floor where liquidity for international investments in leading Russian companies forms. Last year the Exchange widened the range of stock market indicators by launching sectoral and capitalization indices. The signing of the 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 market.
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.
For further information:
Alexey Gerasyuk, PR Director MICEX
phone +7 (495) 232-0555
Beatrix Exinger, Wiener Börse AG
phone +43 (0) 1 53 165 - 151