Following the merger of the MICEX and RTS stock exchanges in Russia, the executive board of the combined MICEX-RTS exchange has proposed rebranding to be called Moscow Exchange MICEX-RTS.
The exchange will be referred to colloquially as the Moscow Exchange. If the board of directors approves the name change, it will be submitted for consideration at the annual general meeting and ultimately implemented once the merged exchanges develop their new articles of association.
The exchange says it chose the name after consultations with experts led to 500 possible new names.
In a newsflash to clients, UniCredit says the new name will demonstrate the status of the integrated company.
MICEX and RTS shareholders approved a merger in August last year. It is part of a greater plan by the Russian government and financial industry to integrate the historically disjointed securities infrastructure in the country.
For more on Russias plans for infrastructure reform, see Reform, in overdrive, Global Custodian, Spring 2012.
(CG)