Moscow Stock Exchange was formed a few years ago (in 2011) on the basis formed in the nineties of the twentieth century, the MICEX (Moscow Interbank Currency Exchange) and RTS (Russian Trading System).In
created holding company also includes "National settlement depository", which is a non-bank credit organization, and of the Bank "National Clearing Centre".
shareholders holding the Moscow Stock Exchange, among others are the largest banks such as:
- CBR (more than thirteen percent of the shares).
- Sberbank (about ten percent).
- Vnesheconombank (about eight and a half percent of the shares).
- Bank (almost six percent).
is Chairman of the Board A. Afanasiev, Chairman of the Board and observers - Kudrin.
Moscow market relatively quickly gained popularity, it entered the twenty largest stock markets in the world and in the top ten stock exchanges in the world in financial derivatives.
Moscow stock exchange, currency market: bids
The exchange are carried out various operations:
-
securities.The stock market is composed of equity market (shares, paёv funds, depository receipts, mortgage certificates, bonds on the basis of T + 2) and debt capital markets (bonds on the basis of T + 0).
-
precious metals.Settlements take place at different times, from one day to six months.Trades are conducted with gold and silver.With the rest of the precious metals can enter into futures transactions.
-
With manufacturing in financial instruments and commodities through the market demand for large-scale fixed-term contracts.
-
with currencies.In addition to the Russian ruble, it has in the arsenal of the Moscow Stock Exchange the dollar, the euro, the Belarusian ruble, Ukrainian hryvnia, the Chinese yuan and the Kazakh tenge.
traded on the Moscow Stock Exchange held on weekdays during limited hours.In different markets, there is a different time of the auction.For the currency market working hours - from ten to half-past five;Negotiated deals mode - up to twenty-three hours and fifty minutes.
Private investors in the currency market
Foreign Exchange Market of the Moscow Stock Exchange was previously available only for banks, but for some time now, have received permission to trade and brokerage company.And for speculative or investment income of the Moscow Exchange services can use private investors.However, the trade directly from them will not work, so here go through brokerage firms that are admitted to trading.
The official website of the Moscow Stock Exchange can find the list of bidders.Today, these organizations, there are about seven hundred.The vast majority of them are banks and only a small part, namely five percent accounted for by brokerage firms.Moscow currency exchange - a playground, organized mainly to trade in foreign currencies on the Unified Trading Session (UTS short).
Through brokers, private investors can trade in currencies, securities, precious metals, on options and futures.
But as a rule, the majority of individual investors trading on the currency market.
volume of trading in the currency market
What is the foreign exchange market of the Moscow Stock Exchange trading volume?For 2012 it amounted to one hundred and seventeen trillion rubles.
During 2013 the foreign exchange market of the Moscow Stock Exchange rose by thirty-three percent and amounted to one hundred fifty-six trillion rubles (compared to the previous year).With low volatility currency trading on the spot market dropped by nearly seven percent, and swap operations, in contrast, increased significantly - by seventy-eight percent a year.The factors that encourage Russian and foreign participants, was the emergence of new exchange products and increased ease of use on the market.
For 2014 an increase of forty-six and a half percent (compared with 2013 year).When the central bank let the ruble float freely, but in December, Moscow currency exchange trades recorded in the amount of 25.6 trillion rubles, of which ten trillion were cash transactions, and the rest - swap transactions.It's almost ten trillion rubles as compared with December of the previous year.
One representative explained the exchange of such a large increase in investment and interest rates so that market participants are holding a large amount of currency in rubles.Therefore, interest income has been so great.The level of rates and helped increase revenue during the currency crisis.
Generally, the income percentage is around half of the revenues of the Moscow Exchange.For example, the London Stock Exchange interest income was in the region of five per cent, and on the Warsaw Stock Exchange in 2014 was zero.
Forex and Moscow Exchange: differences
Foreign Exchange Market of the Moscow Stock Exchange and forex have fundamental differences.Consider some of them.
Ninety-nine percent of the "kitchen" Forex do not take requests to the interbank market.They remain within a company, often registered in offshore areas, sometimes only positions itself as the Forex is actually not such a being.It is with these companies and the comparison below.
1. Regulation
Foreign Exchange Market of the Moscow stock exchange is under the control of acts of the Central Bank of Russia, internal rules and regulations.Companies also often in the Forex offshore, some of them are in fact fake web, generally not included in the register, even though they have positioned themselves differently.
2. Position applications
At the Moscow Stock Exchange application filed through a broker, enter the market and become visible to everyone involved in the market.The application is filed through a Forex broker, will remain within the system of the company and will not be visible in the market.
3. Guarantees in transactions
not enough to carry out the transaction, it is important to eventually get the money.Calculations are performed on the Moscow Stock Exchange JSC "National Clearing Centre", while Forex brokers often provoke conflicts with the purpose to refuse to make a profit.
4. Possibility and no effect on the currency broker price
course at the Moscow stock exchange is established together with the participation of all bidders.The Forex market will have to bargain with the company itself, which can easily hold a quote, or, for example, to increase the spread between the bid and ask spread.Himself broker here can not influence it.
5. Who is the counterparty
has another advantage of the Moscow Exchange.The dollar, ruble, euro or other currency used in trading with the rest of the market, and the forex market - against the broker.Therefore broker in Forex directly interested in the loss of a client.
6. Cash Currency
Purchased currency may be stored in a bank account.In trade with Forex broker is no such possibility.
