Major Russian exchanges

In our time, a lot of transactions are carried out with the help of various trades, held on specially designated for this site. Russian exchanges are also among them and still remain for the average resident of the country something unexplored and incomprehensible. In many respects this is due to the fact that the activities of such organizations on the territory of the state were under the strictest ban for most of the twentieth century. But today one should have at least basic ideas about the functioning of these powerful economic institutions, as this will allow them to better navigate the news of the economy of the state and the world and, if desired, will give an excellent opportunity to earn some money.

What are the stock exchanges of Russia for?

To begin with, stock Russian exchanges are non-profit organizations that exist to create all the necessary conditions that facilitate the circulation of securities. At the same time, their activities are rather rigidly regulated both by domestic and international legislation.

Each Russian stock exchange performs the following main functions:

• Maintenance and organization of the flow of sale of securities.
• Providing comprehensive information to all interested parties on the issue of bonds, shares, etc. for sale.
• Guarantee of access to all bidders of the same access directly to the bidding process.
• The definition and scoring of the market price of all securities that are in the field of trading.
• Guarantee the performance of concluded transactions, the implementation, if necessary, of arbitration.
• Support at a high level of professionalism of all traded persons.

The situation in the current market

Nowadays, the Russian stock market is still actively developing and forming. However, the large exchanges of the Russian Federation still show a high level of their work, and to take part in their activities is not even more difficult than on other similar global stock exchanges.

According to profile specialists, today there are about eleven stock exchanges in Russia. But there are only five worthy and promising ones. These include:

• Moscow Interbank Currency Exchange.
• Russian Trading Exchange.
• "St. Petersburg".
• St. Petersburg Currency Exchange.
• Siberian Interbank Currency Exchange.

The largest monetary organization

The most authoritative Russian currency exchange is Moscow. It existed between 1992 and 2011, until it merged with the RTS.

From the very beginning, this structure as its main specialization had currency auctions, and later there was also a place on the stock market where Russian issuers held trades, the maximum capitalization of which was at some times over 500 billion dollars.

The Moscow system at the time of its work serves six markets, namely: urgent, stock, commodity, over-the-counter, currency, and money.

At the same time, the stock market of the exchange is divided additionally into three more segments:

• The main market.
• Standart.
• Classika.

The main market is precisely that segment, on which about 80% of all trades held by shares and over 99% of bond trades fall. This sector, in fact, is the real center of formation of liquidity for Russian securities, and is also considered the leading trading platform for foreign investments in shares of leading domestic companies.

The main Russian stock exchange also has a very active currency market, which has access to trading in the US dollar, the Ukrainian hryvnia, the euro, the Belarusian ruble, the Kazakh tenge, the Chinese yuan, currency swaps and the bi-currency basket.

It is noteworthy that this exchange of Russian companies has become a place where many commercial structures of Russia, previously working on foreign trading floors, are included. So, for example, in March 2017 the largest builder in Moscow - the PIK Group - decided to end its membership on the London Stock Exchange and become a participant in the MICEX-RTS trading. The management of the company explained this decision by the fact that due to this the liquidity of their shares will be increased.

According to Tom O'Brien, head of international sales at the Moscow Stock Exchange, the London trading floor is inferior to the Russian market because it has exclusively foreign money, while the capitals of local and foreign companies have concentrated in Moscow.

The Petersburg giant

Considering the Russian stock exchanges, it is necessary to pay special attention to the St. Petersburg site. Here, trades in a variety of commodity futures and, one might say, form Russian prices for soybeans, corn, wheat, diesel fuel. In comparison with the St. Petersburg Stock Exchange, all other similar Russian exchanges have virtually zero liquidity, but still continue to operate.

Home Exchange of Siberia

The state registration of the Siberian Interbank Currency Exchange took place on September 15, 1992. Its founders were 32 commercial banks and 17 cities in the region. The trading platform fully accompanies the transactions made on it, starting from the submission of applications and ending with the calculation itself.

The Siberian Russian Exchange of Trades became famous in the country by being able to create a universal Internet trading system called QUIK on the basis of its subsidiary ARQA Technologies.

In addition, the distinctive feature of the described exchange is the availability of its remote outlets located in Omsk, Barnaul and Krasnoyarsk. On these sites, forward contracts for the supply of agricultural products of the future harvest are being traded.

Since 2007, the main focus of the work of the exchange was the organization of trading in foreign currencies. Already in the first year the volume of deals on currencies amounted to almost 3 billion rubles.

Representative of the Far East

In 1995, the Russian exchanges received replenishment in the form of the Asia-Pacific Interbank Currency Exchange. Already in 1997 she became a representative of the National Depository Center, and in 2006 she became a member of the MICEX Stock Exchange.

In our time, the Far Eastern Exchange conducts settlement services for more than 50 banking institutions and other financial institutions located in the region.

Conclusion

The history of the creation of Russian exchanges takes its origin from the time of Peter the Great. More than three hundred years have passed, today the exchange trades in Russia are at the highest level with the attraction of foreign capital. We hope that in the future the dynamics of the development of exchange trades in the Russian Federation will be positive and capable of significantly enhancing the country's authority in the international arena.