OREANDA-NEWS. January 26, 2012. Members of the Innovation and Investment market Coordination Board chaired by the Head of ROSNANO Anatoly Chubais, discussed market performance in 2011. The participants of the meeting noted a considerable two-fold growth in the number of issuers presented on the market by the end of 2011. 10 new issuers were admitted to trading on the IIM with a total number of the market participants reaching 23 companies.

Launch of the MICEX Innovation Index became an important step forward in the process of the market development. The Index is a major indicator of the innovation sector of the Russian economy. The list of securities employed to calculate the Index consists of stocks of issuers from the MICEX-RTS IIM.

The Board members were presented with an updated version of IIM Board, the internet based trading system, which is a part of the MICEX-RTS IIM infrastructure implemented by participants of the venture market.

IIM Board is an online information and trading system aimed at raising capital by rapidly growing non-public companies primary from the high-technology industry of the Russian economy. The new version of RII Board is to be released to the investment community over next two months with its following implementation.

Anatoly Chubais, the IIM Coordination Board Chairman, said: "Innovation and Investment market is strengthening its role in Russia as an important venue for building the infrastructure of innovative economy".

Ruben Aganbegyan, President of MICEX-RTS, believes that the Innovation and Investment market continues its successful development. "Companies still enter the market notwithstanding unfavorable market conditions".