Director of Equity Financing, FINAM Investment Company, Moscow
Old Russia Meets Modern Russian Capitalism - An exhibit at the MICEX Stock Exchange Museum showing ads and the Moscow exchange building's numberplate ("Stock Exchange Sq # 1") at the beginning of the 20th century
Here are a few facts excerpted from a press release issued on Friday, July 27, 2007 by the Moscow Interbank Exchange:
As a result of daily trading at the MICEX on Thursday, July 26, 2007, the volume of transactions in securities amounted to 226.59 billion rubles ($8.92 billion dollars). This is a new record high for the MICEX, which was launched in March 1997. The previous record of 223.83 billion rubles ($8.74 billion USD) was registered on June 15, 2007. The MICEX logged over 232,000 transactions last Thursday.
The MICEX clearing system
The MICEX main trading mode accounted for 85.12 billion rubles ($3.32 billion USD), negotiated deals accounted for 18.88 billion rubles ($737 million USD), repos accounted for 114.59 billion rubles, while placements accounted for 8.0 billion rubles ($312 million USD). The volume of transactions in stocks (without repos) amounted to 89.54 billion rubles (, the volume of transactions in bonds (without repos or placements) amounted to 14.37 billion rubles ($561 million USD), the volume of equity repos amounted to 72.86 billion rubles ($2.85 billion USD) and the volume of bond repos amounted to 41.73 billion rubles ($1.63 billion USD).
You can read the original post at Vladimir Kuznetsov's blog, Equity Financing in Russia. The views expressed in this post and on his blog are the personal opinions of Vladimir Kuznetsov, and are reproduced here solely for educational purposes. To read more Russia Blog posts about Russian capital markets, click on the finance section or type www.russiablog.org/finance in your web browser.
