OREANDA-NEWS. June 26, 2012. On June 20, 2012 the new OSJC Moscow Exchange MICEX-RTS Board of Directors held its first after the AGM meeting.

At the meeting Sergey Shvetsov was elected the Chairman of the Board of Directors.

Sergey Lykov was voted the Deputy Chairman of the Board of Directors.

The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ's trading and settlement software; in 1998 the exchange went on line with its own in-house system. Initially created as a non-profit organisation, at the moment RTS is in the process of reorganisation: it is being transformed into a joint-stock company. RTS data is distributed world-wide through major financial information vendors such as Reuters.

MICEX-RTS is the largest stock exchange in Russia, located in Moscow, trading equities, bonds, derivatives and currencies. It was officially established on 19 December 2011 through the merger of the two largest Moscow-based stock exchanges, the Moscow Interbank Currency Exchange and the Russian Trading System. Both organizations were formed in the 1990s and for two decades were the leading exchanges in Russia, with the MICEX Index and the RTS Index being among the world's top stock indices. The merger created a single entity that is expected to become a leading stock exchange globally for trading across asset classes and to advance Russia's plans to turn Moscow into an international financial centre.