|Russian Trading System Stock Exchange|
Also see: Moscow Exchange
The Russian Trading System Stock Exchange was a stock exchange based in Russia. In 2011, the two biggest Russian exchanges at the time - MICEX and RTS - merged into one entity after more than 20 years of existing as separate companies. The capitalization of the combined company was valued at $4.5 billion ahead of the merger. Subject to market conditions, the exchange is targeting an IPO in 2013. As a further step toward an IPO, MICEX-RTS took on the legal form of open joint-stock company.
Both RTS and MICEX 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.
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