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Micex to become CCP
09 August 2010
The Moscow Interbank Currency Exchange has announced plans for an overhaul of its trading setup, dubbed the Micex+ project.
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Micex
Micex+
Moscow Interbank Currency Exchange
The Russian bourse is hoping to boost flagging volumes, and stem the loss of market share to its rival, the Russian Trading System Stock Exchange.
The plan mandates centralised clearing and guaranteed fulfilment of obligations for all transactions, as well as enabling market participants to use both cash and securities as partial coverage.