September 10, 2011. The Russian Federal Antimonopoly Service (FAS) has approved the merger of the MICEX and the RTS.

The FAS also issued an order on compliance with the basic principles of competition concerning this transaction. In particular, there is indication to level tariffs on the exchange being created at the rate of international stock exchanges. Besides, exchanges will be required not to increase these tariffs by leaps and bounds.

Welcoming the decision of the FAS, the MICEX President Ruben Aganbegyan said: "Now the transaction is approved by all parties - by the shareholders of the two exchanges and the FAS. The merger of the two leading Russian stock exchanges has come to the finish line. I believe in success, I believe in the synergy of our companies which are destined to make up a whole. We will become aт integrated, powerful, customer-oriented trading platform that meets all the challenges of the time, the challenges of the global world."

Roman Goryunov, the chairman of OJSC "RTS" in his turn believes that approval of the Russian FAS opens the way to the transaction to be finally carried out. "This means that we will become a one whole company by the end of the year. Although we have already begun to move forward as one team: all this time we’ve done much inner work, analysis and joint assessment of markets, products, and services.The results of our work will be submitted for consideration and discussion with market participants in the nearest future. We have a plan to build the convenient exchange required by the customers", - said Roman Goryunov.