OREANDA-NEWS. October 24, 2011. MICEX and RTS were awarded "Company of the year" in the category "Deal of the year".

On its web-site the organizer of the competition, business weekly magazine "KOMPANIYA" (Rodionov’s publishing house), informs that the decision on awarding was made by a council of experts which includes famous journalists, independent experts, representatives of business associations and state bodies.

The deal between MICEX and RTS is estimated at one billion US dollars. The legal merger of two bourses will be finalized on December 19, 2011.

The merger of Russia’s major exchanges is aimed at establishing the integrated exchange which will be able to compete with leading global trading venues in terms of investors and issuers and meet high demands of an international financial center.

About MICEX and RTS

MICEX Group is an integrated exchange complex that renders a full range of competitive services to the financial market participants, including organization of trading, clearing and settlement of trades as well as depository and information services meeting the best global practices. MICEX Group offers to its local and foreign customers trading in currencies, stocks, government and corporate bonds, equity and financial derivatives, and in commodities. MICEX is ranked among top 20 global exchanges in terms of stocks turnover and is the largest stock exchange in the CIS, Central and Eastern Europe in terms of on-exchange trading volume. Currently MICEX is in the process of merger with RTS, the other major Russian exchange.

RTS Group is an integrated trading and settlement infrastructure that provides an extensive set of reliable high-quality services. RTS is a major derivatives market operator. Its derivatives market FORTS is rated among the top 10 global derivatives exchanges. RTS also operates RTS Standard, a cash equities market where trades are executed with partial advance collateral depositing and are settled on T+4.