MOSCOW, July 3 (RIA Novosti)
Russia's newly integrated MICEX-RTS stock exchange is to be officially renamed "Moscow Exchange", the stock exchange said on Tuesday.
"In accordance with the new version of the charter the full business name of the company is Open Joint Stock Company "Moscow Exchange MICEX-RTS", and the short business name - Moscow Exchange," the stock exchange said in a statement.
The ruble-denominated MICEX and the dollar-denominated RTS officially merged in December 2011. The trades were started at a single stock exchange and the two companies launched an integrated website.
Moscow Exchange plans to hold an Initial Public Offering in late 2012 or in early 2013. The integrated stock exchange planned to raise at least $300 million from the IPO, MICEX President Ruben Aganbegyan said in June 2011.
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The British experience can be instructive for Russia. London retains its British Commonwealth if it wants to use this as a foundation for integration in the future. That’s a valuable lesson for Russian experts who are calling for an end to “ineffective” associations like the CIS, the Russian World and others.