d conduct of foreign currency trading. In trading on the Unified Trading Session of interbank currency exchanges MICEX acts as the Administrator in holding the auction, and also performs the role of the Technical Center. Transactions are in accordance with the procedure laid down in Regulation operations on purchase and sale of foreign currency on a single trading session interbank currency exchanges approved by the Board of Directors of the MICEX and agreed with the Bank of Russia. is a nationwide system of trading in government securities, which unites eight major regional financial centers of Russia. On the MICEX market participants have access to a wide range of tools market in government securities. , The GS market of more than 300 authorized dealers. Total volume of transactions in the government securities market and the money market in 2009 amounted to 8.01 trillion rubles (298 billion dollars), including transactions in the GKO-OFZ market, repo and deposit operations of the Bank of Russia. The market of government securities on the MICEX provides ample opportunities to the Bank of Russia to the conduct of monetary policy, while market participants effective tools to invest temporarily idle funds and liquidity management. MICEX publishes indexes and indicators of return on government securities market, as well as zero-coupon yield curve for government bonds.Bank uses the Russian MICEX trading system for deposit and credit operations with credit institutions located in different regions of the Russian Federation. In 2009, the volume of deposit operations amounted to about 470 billion rubles. ($ 26 billion) and the number of participants in this market exceeded 170 banks. In 2009, the range of deposit Bank of Russia on MICEX was expanded to deposit transactions «on demand.» In addition, the service is organized on the exchange of a new segment - the credit of the Bank of Russia (collateral credit). One of the important results in 2006 also became a service organization of a new market segment GS - government savings bonds (GSO), intended for institutional investors.
The volume of trading in the MICEX Group
Foreign exchange market (FOREX) 200720082009Total: (bln. Rubbles) 37995,6867708,2795974,22
Conclusion
current stage of development of economic relations has shown that the stock exchange and stock trading mechanism has firmly established itself as one of the most important mechanisms of trade operations. Any exchange is merely a logical development and streamlining other supporting structures of the trade - the market. In this work following tasks are addressed and resolved: 1. It has been studied the concept of the exchange. The Exchange is an organized market for trading replaceable values, in which the process of price formation takes place under public control. Exchange Tasks - do not supply the economy with raw materials, capital, currency, and the organization, regulation, standardization of markets for raw materials, capital and currency. 2. Are considered in detail: the stock, foreign exchange and commodity exchanges. 3. The features of the exchange activity. 4. Considered Mercantile Exchange and its function as an example MTV MICEX. 5. Studied the stock exchange transactions on the MICEX example. 6. Studied the function of currency exchange on the example of the MICEX. The essence of al...
