On June 29, 2011 a historic deal took place in Moscow, Russia, with two Russian exchanges merging into a single entity, marking a long-anticipated step towards transforming Moscow into a financial hub, increasing the exchange liquidity and strengthening the market infrastructure already in place.
The merger, which reflects the global trend of
globalization and integration of the worlds exchanges,
will create a single venue for trading stocks and derivatives
in Russia. Currently, RTS has the biggest share in trading
volume of Russian derivatives and is among the TOP 10 global
derivatives exchanges, while MICEX makes up around 80% of
equity volume traded in Central and Eastern Europe according to
the data provider Thomson Reuters.
It is not only the product lines
that are different, MICEX and RTS operate different platforms
and trading cycles. Both exchanges have always been more
complimentary than competitive and the main task that the
companies now face is ensuring that both venues maintain their
levels of success and continue to develop going forward.The key
issue is synergy and consolidation of both teams
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