The MICEX Group is an integrated exchange, which organizes electronic trading, clearing and settlements for trades and provides depository and information services. The Group includes the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Centre, the National Clearing Centre, regional (provincial) exchange centres and settlement centres as well as some other organizations. They serve over 1700 participants in the on-exchange market — leading Russian banks and brokerages located in Moscow and other large financial and industrial centres of Russia. The mission of the Exchange is the development of market mechanisms of determining the exchange rate of Russia’s national currency and securing the effective investment turnover of capitals in the country’s economy on the basis up-to-date exchange and information technologies. MICEX guaranties fulfilment of all deals and makes settlements on them using MICEX'