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Moscow Exchange profit up

In the first six months of 2011, the net profit of MICEX (Moscow Interbank Currency Exchange) soared 350 percent under Russian Accounting Standards, reaching some RUR 5.6 billion or USD 200.5 million. MICEX is the biggest stock exchange platform in Russia. The results for the first half of 2011 were considerably better than the figures in 2010. Profits for the first half of 2010 of the stock exchange stood at RUR 1.25 billion. Still, revenue figures for MICEX from January to June did not rise as dramatically. As such, total revenue stood at RUR 2.6 billion after an increase of RUR 174.5 million.     

The net profit of another Russian stock exchange RTS (Russian Trading System Stock Exchange) for the first half of 2011 reached RUR 353.8 million.

Financial market analysts estimate that the net profit of an integrated exchange may exceed USD 500 million by 2015, and its revenue may amount to more than USD 850 million.

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