MICEX is the major stock exchange of which country?
Moscow Interbank Currency Exchange Moscow Interbank Currency Exchange The Moscow Interbank Currency Exchange () or MICEX was one of the largest universal stock exchanges in the Russian Federation and Eastern Europe. MICEX opened in 1992 and was the leading Russian stock exchange. About 239 Russian companies were listed, with a market capitalization of US$950 billion as of December 2010. MICEX consisted of about 550 participating organizations and members, which trade for their clients. In 2006 the volume of transactions on the MICEX reached 20.38 trillion rubles (US$754.9 billion), representing more than 90% of the total turnover of the leading stock exchanges in the Russian
MICEX 10 MICEX 10 The MICEX 10 Index () is an unweighted price index that tracks the ten most liquid Russian stocks listed on Moscow Exchange. Composition of the index is assessed quarterly following the liquidity criterion. Components are assigned equal weight. The index is the arithmetic average of the change of prices between a time formula_1 and a base time 0, which is the end of the preceding quarter. The formula is: where formula_3 is the price of the component stock formula_4 at time formula_1, formula_6 is the price of the component stock formula_4 at the end of previous quarter, and