The MICEX Group is an integrated exchange, which organizes electronic trading, clearing and settlements for trades and provides depository and information services. The Group includes the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Centre, the National Clearing Centre, regional (provincial) exchange centers and settlement centers as well as some other organizations. They serve over 1700 participants in the on-exchange market — leading Russian banks and brokerages located in Moscow and other large financial and industrial centers of Russia.

The MICEX holds a worthy place among the world’s leading exchanges. By the total trading volume (in 2007: 107 trillion rubles or 4.2 trillion US dollars, the daily average volume of trades: 431 billion rubles or 17 billion US dollars), the MICEX is the largest exchange in Russia, the CIS and Central and Eastern Europe. Growth of the volume of on-exchange trading in securities enabled the MICEX Group to join the list of the world’s 20 top stock exchanges (ranking 17th). The MICEX Stock Exchange is the center of formation of liquidity for Russian assets. It is the main stock exchange for international investments in leading Russian companies.

Russian Trading System Stock Exchange was established in 1995. Nowadays RTS is a world recognized exchange for a wide range of securities. The RTS quotation and trading information is broadcast worldwide through the major financial information agencies, such as REUTERS and Bloomberg. The RTS product lines which differ in terms of both the instruments traded and the trading and settlement arrangement include the following products and services to investors and market participant:

• RTS Classic Market, ruble- and dollar-settlement (currently available for EDA);
• RTS Anonymous Market – dollar trading and T+4 settlement – (DMA available);
• RTS T+0 Market (including trading in Gazprom stock), double-auction anonymous market with full preliminary deposits of assets (DMA is available);
• FORTS, futures and options trading with ruble settlement;
• RTS Board, the system used for indicative quotation of securities not listed on the RTS (currently available for EDA).