MICEX meaning in Business ?

Answer: What is Moscow Interbank Currency Exchange mean?

The Moscow Interbank Currency Exchange (Russian: Московская межбанковская валютная биржа (ММВБ)) or MICEX was one of the largest universal stock exchanges in the Russian Federation and Eastern Europe. MICEX opened in 1992 and was the leading Russian stock exchange. About 239 Russian companies were listed, with a market capitalization of US$950 billion as of December 2010.

MICEX consisted of about 550 participating organizations and members, which trade for their clients. In 2006 the volume of transactions on the MICEX reached 20.38 trillion rubles (US$754.9 billion), representing more than 90% of the total turnover of the leading stock exchanges in the Russian stock market.

In 2011 MICEX merged with Russian Trading System creating Moscow Exchange.

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