micex

The MICEX Trading System

The MICEX Stock Exchange, Russia’s leading stock exchange, is a member of the MICEX Group. Its proportion on the Russian on-exchange share market is over 80% (about 60%, taking into account the OTC segment). The MICEX Stock Exchange is the largest stock exchange in the CIS, Eastern and Central Europe. It is among the world’s top 30 stock exchanges, and it is the center of the formation of liquidity for Russian securities and the main market for international investments in shares and bonds of Russian companies.

CMA has been active as an integration partner to MICEX all through the 1990s. In 1993, CMA was contracted as turnkey provider for the first time. The new trading system was implemented in only seven months. At that time, the new MICEX computer centre was the most sophisticated in Russia. In pace with increased trading and network growth, CMA has developed the MICEX system further by optimizing and adapting the application to new requirements as well as federal legislation. Furthermore, front end trader workplaces have been developed by CMA and on-site support for reconfiguration and installation of new software was provided by a dedicated team of CMA experts. In addition to system design and development, CMA ensured efficient project implementation, reliable installation, long-term customer support and integrated quality assurance.

Status: The system went into live operation in 1993. Since then CMA has provided to the client several system upgrades.
 

Case study, MICEX (81 kb) PDF