Actuality February 18, 2008

   Delegation of MICEX Group (Moscow Interbank Currency Exchange) headed by the MICEX president Aleksander Potemkin held the meeting with president of the Tokyo Stock Exchange Atsushi Saito in the capital of Japan, is said in MICEX press-release.

   During negotiations were discussed the questions of the condition and development of Russian and Japanese financial markets

, features of their government control, level

of technical development of trading floors.

During the meeting were also raised the questions of prospects of IPO holding of the Russian companies on the Japanese market. One of the main topic of

the negotiations was the possibility of entrance of the Japanese institutional and retail investors to the Russian stock market.

   According to Potemkin quoted in the press-release, at the moment about 30% transactions in the structure of stock exchange turnover

of MICEX falls to the nonresidents.

At the same time, the amount of investors from the Asian countries is insignificant.

Thus, interest to the Russian market from

the part of the potential Japanese investors grew vigorously lately.

   "In these terms MICEX intends to intensify efforts with the aim of attraction of Asian and especially Japanese investors for work on the Russian stock market through the own trading system", the MICEX head said.

   It was marked during negotiations that on the current stage

the primary task of MICEX is providing with the objective information about the condition and development of the Russian stock market of the potential Japanese investors.

Such channels of provision can become the exchange of analytical information, holding of joint conferences and seminars with the Japanese partners for the investors of all Pacific region.