In the last six months we have heard a lot of comments pointing to Moscow rapidly becoming one of the leading centers of global finance. Recently some impressive information was released at the 4th Annual Russian Securities Forum that supports this thesis.
Just three years ago the average daily trading volume on the Russian stock exchanges was about $600 million; in 2006 this modest number had reached $ 2.5 billion; and in Q1 2007 the total volume was almost $4 billion. A few years ago trading was evenly spread 50-50 between the Russian Trading System (RTS) and the Moscow Interbank Exchange (MICEX); now the MICEX share is 70%. The MICEX itself has changed drastically in the last few years.
Just three years ago the average daily trading volume on the Russian stock exchanges was about $600 million; in 2006 this modest number had reached $ 2.5 billion; and in Q1 2007 the total volume was almost $4 billion. A few years ago trading was evenly spread 50-50 between the Russian Trading System (RTS) and the Moscow Interbank Exchange (MICEX); now the MICEX share is 70%. The MICEX itself has changed drastically in the last few years.
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