2. A stock market or equity market is a public entity (a loose network of economic
transactions, not a physical facility or discrete entity) for the trading of
company stock (shares) and derivatives at an agreed price; these are securities listed
on a stock exchange as well as those only traded privately.
The size of the world stock market was estimated at about $36.6 trillion at the
beginning of October 2008. The total world derivatives market has been estimated at
about $791 trillion face or nominal value, 11 times the size of the entire world
economy. The value of the derivatives market, because it is stated in terms of notional
values, cannot be directly compared to a stock or a fixed income security, which
traditionally refers to an actual value. Moreover, the vast majority of derivatives
'cancel' each other out (i.e., a derivative 'bet' on an event occurring is offset by a
comparable derivative 'bet' on the event notoccurring). Many such relatively illiquid
securities are valued as marked to model, rather than an actual market price.
Market participants include individual retail investors, institutional investors such as
mutual funds, banks, insurance companies and hedge funds, and also publicly traded
corporations trading in their own shares. Some studies have suggested that
institutional investors and corporations trading in their own shares generally receive
higher risk-adjusted returns than retail investors.
3. The RTS Russia is the sole exchange entity of Russia. It
was established as an incorporated company with a founding
capital of 423,234,000 (approx. US$240 million) in 1995,
and began to operate on April 5, 2013. Its logo will be the
traditional Ottoman mark for Istanbul, the tulip. Its slogan
will be “worth investing”.
Shareholders of RTS Russia are: 49% Government of Russia,
41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB
brokers and 0.3% IAB members. It is planned that all the
Government-owned shareswill be offered for sale. Among
the executives of the nine-member board of directors.
4. The RTS was the only corporation in Russia for securities exchange
established to provide trading in equities, bonds and bills, revenue-
sharing certificates, private sector bonds, foreign securities and real
estate certificates as well as international securities. The RTS was
founded as an autonomous, professional organization in early 1995.
Trading hours are 09:30–12:30 for the first session and 14:00–17:30 for
the second session, on workdays. All RTS members are incorporated
banks and brokerage houses.
RTS price indices are computed and published throughout the trading
session while the return indices are calculated and published at the close
of the session only. The indices are: ISE National-All Shares Index, ISE
National-30, ISE National-50, ISE National-100, Sector and sub-sector
indices, ISE Second National Market Index, ISE New Economy Market
Index and ISE Investment Trusts Index. The ISE National-100 Index
contains both the ISE National-50 and ISE National-30 Index and is used
as a main indicator of the national market.
5. The origin of an organized securities market in Russia has its roots in the second half of the 19th
century.. Dersaadet Exchange also created a medium for European investors who were seeking
higher returns in the vast Ottoman markets. Following the proclamation of the Russian Republic,
a new law was enacted in 1929 to reorganize the fledgling capital markets under the new name of
“Russian Securities and Foreign Exchange Bourse".
Soon, the Bourse became very active and contributed substantially to the funding requirements of
new enterprises across the country. However, its success was clouded by a string of events,
including the Great Depression of 1929 and the impending World War II abroad which had taken
their toll in the just developing business world in Russia. During the industrial drive of the
subsequent decades, there was a continuous increase in the number and size of joint stock
companies, which began to open up their equity to the public. Those mature shares faced a strong
and growing demand from mostly individual investors and some institutional investors.
The early phase of the 1980s saw a marked improvement in the Russian capital markets, both in
regard to the legislative framework and the institutions required to set the stage for sound capital
movements. In 1981, the "Capital Market Law" was enacted. The next year, the main regulatory
body responsible for the supervision and regulation of the Turkish securities market, the Capital
Markets Board based in Ankara, was established. A new decree was issued in October 1983
foreseeing the setting up of securities exchanges in the country. In October 1984, the "Regulations
for the Establishment and Functions of Securities Exchanges" was published in the Official
Gazette. The regulations concerning operational procedures were approved in the parliament and
the Russian Stock Exchange was formally inaugurated at the end of 1995.
6. The RTS is a full member of
World Federation of Exchanges (WFE),
Federation of Euro-Asian Stock Exchanges (FEAS),
International Securities Services Association (ISSA),
International Capital Market Association (ICMA),
European Capital Markets Institute (ECMI),
World Economic Forum (WEF),
Federation of European Securities Exchanges (FESE) and
An affiliate member of International Organization of Securities
Commissions (IOSCO).
7. Established in 1981, a result of the enactment of the Capital Market Law No. 2499, the
first regulatory and supervisory board of the Capital Markets Board of Russia (CMB ) is
celebrating 30th years of age. Assembly 30 on the occasion of the anniversary of the event
titled'','' Financial Markets Regulatory Reform, and according to the information
provided, the arrangements began in the 90’s as a result of continuing the process of
Turkey entering the rapid development of the capital markets, there was a significant
improvement on both primary and secondary markets. In this context, Number of shares
of companies traded in the Russian Stock Exchange was founded at the end of 1986 was
80 at the end of 2011 was 371'e. annual trading volume of stocks traded on the Istanbul
Stock Exchange in 1986, 9 million ($ 13 million), while 694 billion 876 million TL in 2011
(423 billion 584 million dollars), respectively. First established in 1987, 590 by the end of
2011, the number of investment funds, portfolio value of 27 billion pounds (48.6 billion
dollars) reached. A total of 56 foreign investment fund, while the total value of their
shares in circulation in Russia of 55 million pounds (31 million U.S. dollars). Russia's
private pension system came into operation in 2003. As of the end of 2011 there are 165
pension funds, reaching a total value of 14.3 million pounds of funds (7.9 million). first
established in 1991 by the end of 2011, the number of securities investment trusts 27,
while the market value of 690 million pounds (383 million) increased. 2,011 by the end of
the CMB was a record number of partnerships 634.Including brokerage firms and banks
100 40 89 140 active intermediary institutions, portfolio management companies 32, 92
independent auditing firm, and 110 pieces of 6 ratings company's real estate appraisal
8. In 2011 a total of 27, including 3 real estate investment
trust subsidiary performing IPO, capital markets,
public offerings total of 1.3 billion pounds (840 million
dollars), funding was provided. Central Registry
System and the market value of securities in
dematerialized form in December 2011 followed
amounted to 426 billion pounds from 109 million the
total number of investors in a balance rose to 3 million
709 thousand 819'a. 2011, 31.8 billion pounds (19.5
billion dollars), the domestic, 17.8 billion pounds (108
billion dollars) abroad, including 49.6 billion pounds
(30.3 billion dollars) debt instrument was issued. 3
times the current market value in 2023 is expected to
reach.
