moex.com | Annual Report 2022

Moscow Exchange Group (the Group) operates Russia’s only multifunctional trading platform for equities, bonds, derivatives, currencies, money market instruments, carbon emissions, precious metals, grain and raw sugar.

The Group is comprised of:
  • Public Joint-Stock Company Moscow Exchange MICEX-RTS (the “Moscow Exchange”, the “Exchange” or “MOEX” which operates the Equity & Bond Market, Money Market, Derivatives Market as well as FX Market and Precious Metals Market;
  • National Settlement Depository (NSD), the central securities depository;
  • Central Counterparty National Clearing Centre (CCP NCC, or NCC) operating as clearing house and a central counterparty for all MOEX’s markets;
  • National Mercantile Exchange (NAMEX), which operates the Commodities Market;
  • MOEX Innovations, which develops innovative technologies and works with fintech start-ups.

Moscow Exchange holds majority stakes in all key subsidiaries, including a 100% stake in NCC, a 99.997% stake in the NSD and, directly and indirectly, a 88.25% stake in the NAMEX.

Moscow Exchange was formed in 2011 by the merger of MICEX (established in1992) and RTS (created in 1995). In February 2013, Moscow Exchange completed an initial public offering on its own platform (ticker: MOEX). As of year-end 2022, the company’s market capitalization was RUB 217.2 billion, and the free float was 64%.