Moscow Exchange Financial Growth Presentation
History of MOEX: the path of ongoing progress
MOEX share price, RUB
New dividend policy
with a minimum payout
ratio of 55%
Corporates granted
direct access to
the FX Market
MOEX completes its IPO;
Repo with CCP launched
Euroclear and Clearstream
gain access to
corporate bonds in addition
to government bonds
Equity trading
moves to
T+2 settlement
Trading in government/
bonds moves to
T+1 settlement
SPO of MOEX
55
Feb
Apr
Jun
Phase 1
Phase 2
Launch of RUSFAR -
Money Market interest
rate benchmark
Inaugural
Sustainability
Report
153
Shareholder electronic
voting becomes available,
Launch of
GCC repo
Launch of the
Unified Collateral Pool
Corporates admitted to
deposits with CCP
OTC bond platform
launched
New dividend policy:
target payout = FCF,
min payout
60%
of net profit
Eurobonds start
trading on MOEX
Grain trading
commences on MOEX
Apr
Feb
Dec
Oct
Aug
Jun
Apr
Feb
Dec
Oct
Aug
Jun
Apr
Feb
Dec
Oct
Aug
Jun
Apr
Feb
Dec
Oct
Aug
2013
2013
IPO of Moscow
Exchange (MOEX)
2014
2015
2016
2012
2011
Launch of Central
Merger of MICEX
Securities
Depository
(CSD)
and RTS:
Moscow Exchange (MOEX)
established
ā
MOSCOW
EXCHANGE
Share price up to 30 November 2020
Jun
Apr
Feb
Dec
Oct
Aug
Jun
Apr
Feb
Dec
Oct
Aug
Jun
Apr
Feb
Dec
Oct
Aug
2017
2006
National Clearing
Centre (NCC)
established
2018
1995
2019
2020
1992
Oct
Russian Trading
System (RTS)
established
Moscow Interbank
Currency Exchange
(MICEX) established
2001
+ Derivatives
1996
+ Money Market
1993
+ Bonds
1992
+ FX
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