That is, the MICEX and RTS, known not only to professional traders, but also ordinary citizens.Exchange trade has become a familiar part of everyday life, stable topic news feeds, to discuss it at the state level.But what's inside the Russian Trading?What factors affect the stock price?What was special in trading securities during the financial crisis?What are the principles of the stock exchanges and what features of the history of the Russian market trading?
What
Stock Exchange Stock Exchange - the organization representing the financial institutions where the holders of the shares and other securities perform multiple transactions on purchase and sale.Typically, this occurs through intermediaries.Participants exchange - a securities dealers and various financial institutions.Trade is in accordance with internal rules and regimes for financial institutions.A distinctive feature of the stock exchange on the other - the goods are the only securities.
Their cost is formed through the mechanisms of supply and demand, buying and selling takes place according to the regulations.Experts define several functions of stock exchanges.Firstly, it is mediation, create conditions for the purchase and sale of securities with issuers and investors.Secondly, it is indicative function - evaluation prices and the attractiveness of shares.Third, this regulation - in fact, the definition of the rules and regulations of trade.Trading in Russian history knows three largest exchange brand: "Moscow Exchange" MICEX, RTS.
MICEX from Soviet beginnings to the present
MICEX (Moscow Interbank Currency Exchange) appeared in 1992.But it is worth noting that the first such financial institutions emerged in Russia in the late 18th - early 19th centuries.In Soviet times, the exchange has not worked.MICEX originates from currency auctions that suit Vnesheconombank.In the second half of the 90 on the stock exchange has been undertaken futures trading as well as securities of corporations.The active work of the MICEX continued even in the 1998 crisis.
In the 2000s, the volume of trading on the stock exchange has become the hundreds of billions of dollars.There were quotes of hundreds of companies.More than 200 of them have a total capitalization of more than $ 300 billion. Dollars.Shares are traded on the MICEX largest Russian company "Gazprom", "Lukoil", "Rostelecom".
RTS: the years of "independence" and the merger with MICEX
long time coexisted with other MICEX Stock Exchange - RTS, which was established in 1995.Immediately after the start she had a particular index.For the securities market of the Russian Federation, he became one of the key.In 2000, there was Moscow Stock Exchange RTS, and on its basis - the market FORTS (famous for options and futures).Since 2005, the trade could lead anyone to anonymously via the Internet.Online trading has become so popular that most of the Russian-speaking Internet users began to understand what the MICEX and RTS, for which these structures are created.
In 2007, there was a financial decision RTS START, which were able to trade securities of small and medium-sized enterprises.Thus the exchange evolved into a financial instrument, the possibility of which is suitable widest possible audience, from ordinary citizens to all types of businesses.In 2008, at the initiative of the Moscow RTS appeared "Ukrainian Exchange".Thanks to this Ukrainian citizens have the opportunity to trade shares via the Internet.In 2008, he appeared on the RTS stock market in rubles, on which there is a trade the most liquid assets, issued in Russia.In late 2011, the two financial institutions merged into JSC "Moscow Exchange".MICEX, RTS, their projects and decisions nevertheless played a crucial role in the development of the Russian stock market.
Factors determining the value of shares
The main indicator of the value of securities on the stock exchanges - quotes.They are often expressed in points or units of currency.Factors that determine the quotes of the MICEX and RTS, as a whole, based on the characteristic of the other exchanges of market laws.First of all, it indexes other exchanges.The situation in the world has a big effect on the Russian stock exchanges.Quotes reflect, as a rule, the company's profitability.The higher it is, the more points will be high on the stock exchange.Another factor - the authorities' policy on the international arena and within the country.If things in the relationship with other nations are formed is not very good, it faces distrust of investors and capital outflow.
Foreign traders good time to study the Russian stock market.They know what the MICEX and RTS, as well as their legal successor in the person of "the Moscow stock exchange."Therefore, receiving a negative signal from the political arena, may decide on the withdrawal of capital from Russia.On the share price of companies affected by the publication of data on the revenue statement.Securities successful businesses bought better and grow in value.Important features for the Russian factor - the price of oil.When the crisis began podstupat, many traders wondered: "What is it?"MICEX and RTS, like, showed excellent results, but suddenly collapsed quotes at times.The matter was in the price of "black gold", depreciating as much.
Interesting
on the MICEX, the MICEX, according to some analysts - the largest market in Eastern Europe.Experts point out that foreign investors are most sympathetic to the financial structure.MICEX is trading stocks, shares, bonds, depository receipts.Exchange allows for the negotiation of the transaction, repurchase anonymous sale.Here you can trade options and futures.Along with the RTS and MICEX in the formation of the market actively developing Internet technology.Stock trading online market have been introduced since 1999.
Interesting about Rs
RTS during the "independence" of many market experts considered the largest in the Russian electronic exchange.Among its notable features - reliability.It was created RTS Technical Center, designed to maximize the stability of the exchange.Some experts believe that the unique program created by this structure in Russia.
Any exchange - RTS, MICEX and their foreign counterparts - has an infrastructure designed to provide a secure and reliable communication between the issuer of securities and the investor.
