OREANDA-NEWS. On 12 March 2014 new methodologies used to calculate the Moscow Exchange’s MICEX and RTS Indices, Broad Market, Second-Tier, Blue Chip, MICEX Innovation and Sectoral Indices will come into force.

The updated methodologies include a new procedure for using official closing prices in the index calculation process. Price filtering principles used to calculate the indices as well as eligibility factors were also changed. The Exchange’s trading modes used for the index calculation process were detailed. In addition, the free float calculation provisions were moved to a separate methodology.

The updated MICEX Innovation Index methodology includes the index’s formula with a divisor and the last trade price, i.e., the same approaches used to calculate other indices.