OREANDA-NEWS. February 28, 2012. On February 28, 2012 MICEX-RTS held a seminar on transferring the government securities secondary market from the OJSC MICEX-RTS Government Securities market to MICEX Stock Exchange.

Representatives of companies that trade government securities including leading banks and international investment groups participated in the seminar. Spokesmen of the Bank of Russia and MICEX-RTS Group addressed the seminar audience.

Anna Kuznetsova, Deputy CEO at CJSC MICEX Stock Exchange, and Igor Marich, Managing Director of the MICEX-RTS Money Market business division, noticed a positive dynamic in the migration of transactions in Russian Federation government bonds (OFZ) to MICEX Stock Exchange since trading in OFZ was launched on the Exchange two weeks ago. As of 27 February over 75 per cent of buy/sell transactions in OFZ and more than 95 per cent of repo trades in OFZ are executed on MICEX Stock Exchange. Out of 59 participants of the Main trading mode of the OJSC MICEX-RTS Government Securities market who trade OFZ, 34 execute trades in these securities on MICEX Stock Exchange. Within the Negotiated trades mode, 29 out of 49 trading participants trade OFZ on MICEX Stock Exchange. For repo trading modes this ratio is 96 out of 116 participants.

According to Roman Goryunov, First Deputy Chief Executive Officer, Senior Managing Director at MICEX-RTS, the migration of the government securities secondary market to MICEX Stock Exchange is planned to be completed on 5 March 2012. As a result of the transition, number of participants who trade the government securities will increase substantially, i.e. from 293 participants of the OJSC MICEX-RTS Government Securities market to 634 participants of MICEX Stock Exchange and hundreds of thousands of their clients.