MICEX and RTS approve first phase of integration - SEB
26 September 2011 Moscow
Image: Shutterstock
A joint meeting of the Stock Market Committees of RTS and MICEX has resulted in an approved approach towards the first phase of integration, according to SEB Bank.
Starting 19 December, MICEX will act as a single organiser of trading for all stock market trading modes of the united exchange, with some modifications to trading rules, allowing RTS to keep current settlement and technological infrastructures for its non-anonymous, non-CCP involved markets.
The integrated exchange will establish a unified listing platform and single market access for all trading modes.
In addition, the meeting participants considered establishing links on interaction of the settlement organizations (National Settlement Depository, Depository Clearing Company, RTS Clearing Center, Bank National Clearing Centre and RTS Settlement Chamber), issues on statutory regulation and transferring of voting rights attached to securities traded on the exchange.
Starting 19 December, MICEX will act as a single organiser of trading for all stock market trading modes of the united exchange, with some modifications to trading rules, allowing RTS to keep current settlement and technological infrastructures for its non-anonymous, non-CCP involved markets.
The integrated exchange will establish a unified listing platform and single market access for all trading modes.
In addition, the meeting participants considered establishing links on interaction of the settlement organizations (National Settlement Depository, Depository Clearing Company, RTS Clearing Center, Bank National Clearing Centre and RTS Settlement Chamber), issues on statutory regulation and transferring of voting rights attached to securities traded on the exchange.
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