MIFC: Key Facts

A source of basic facts about the International Financial Centre in Moscow

Task Assignments

06.12.2011 / Moscow

Task Assignments given by the President of the Russian Federation following the MIFC International Advisory Board session
on 28 October 2011.

Events Calendar

May 2019

Media Coverage

29.01.2014 / Interfax

Russia #3 Worldwide in Foreign Direct Investment

FDI in developing and transitional economies hit record highs in 2013, according to United Nations Conference on Trade and Development (UNCTAD) report.

06.04.2013 / Kommersant

Central Bank Builds Financial Center

FFMS merger with the CB will significantly improve regulation – as expected by reform participants and instigators alike. Yesterday the Bank of Russia, FFMS and Minfin reps made a public presentation of the financial megaregulator, as the process has entered implementation stage. In the meantime, MIFC mastermind Alexander Voloshin sees the future unification of oversight as a key milestone for Moscow as International Financial Center.

29.01.2013 / Interfax

MIFC Location to be Determined by Workgroup

Russian Prime Minister Dmitry Medvedev is planning to establish a workgroup to determine the location of Moscow International Financial Center (MIFC) infrastructure.

Our progress / Hot Topics

Trading infrastructure

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MICEX and RTS Boost Processing Capacity

20.09.2011 21:29 / Interfax

On 17 September MICEX and RTS ran joint trading systems stress tests that showed increased data processing capacity.

joint statement by the stock exchanges says MICEX capacity peaked at 20 thousand transactions per second, while trading participants tested the infrastructure at half the capacity - 10 thousand transactions per second.

The 2010 MICEX testing results showed peaks at 4 thousand and 2,13 thousand per second respectively. When peak limits were exceeded, the system accelerated the processing substantially, while normal system response is 2-3 milliseconds. Last year, MICEX trading migrated to Linux from Windows.

Further details of the stress test will be published soon, MICEX told Interfax.

RTS stress test showed a 20 thousand per second result.

Infrastructure Projects Director at RTS, Sergey Zamolotskikh told Interfax that RTS tests last year totaled a maximum 1,5 thousand transactions per second. “This year we tested a next upgrade of our system, which is currently in development and will take more effort for implementation. Tests involved maximizing transaction capacity to 20k per second through dedicated bot-programs”, he said.

“Final stress test analysis will show how close the new system architecture is to our expectations, including processing speed and system stability under prolonged peak load”, said Zamolotskikh.

Final MICEX/RTS trading stress test results will be discussed at joint stock exchange tech committees on 14 October.

The majority RTS and MICEX shareholders signed a framework merger agreement on 29 June. The legal RTS-MICEX merger is set to be finalized by 19 December.

As of today, there is no decision to unify the trading systems. There is a possibility that both exchanges will retain their optimized systems to serve different markets.

Trading infrastructureProject Group №1