1Q 2018 Business Overview
109
MOEX share price, RUB
160
140
120
100
80
60
55
MOEX share price performance and financial market reforms
MOEX completes its IPO;
REPO with CCP launched;
Repository services commenced
New dividend policy with a
minimal payout ratio of 55%
Individual Investment Accounts (IIAS)
are introduced for retail clients, providing
tax incentives for long-term investments
Global banks connect to DMA
service for securities trading on MOEX;
equity trading moves to T+2 settlement
Precious metals start SPO of MOEX
trading on MOEX
ICBC Standard follows
BofAML to become an international
clearing member
Corporate actions reform
BofAML becomes
the first
international
clearing member
Matching on
MOEX FX
Fixing launched
Sugar starts
trading on MOEX
MOEX migrates to
DataSpace1 data center
Corporates granted direct
access to the FX Market
Phase 1
Phase 2
Launch of the
Unified Collateral
Pool
Launch of REPO
with General
Collateral Certificates
Feb-13
40
Euroclear and Clearstream gain
Trading in government
bonds moves to
T+1 settlement
access to corporate bonds in
Eurobonds admitted
to trading on MOEX
Grain trading
20
20
0
addition to government bonds
Implementation of listing rules based
on the new code of corporate governance
May-13
Aug-13
Nov-13
Feb-14
May-14
Aug-14
ā
MOSCOW
EXCHANGE
Share prices up to 29 June 2018
Nov-14
commences on MOEX
Feb-15
May-15
Aug-15
Nov-15
Feb-16
May-16
Aug-16
Corporates admitted to
deposits via REPO with CCP;
MOEX introduces interim dividend
Nov-16
Feb-17
May-17
Aug-17
Nov-17
Feb-18
May-18
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