In April 2007 (“NASDAQ Entering Russian Stock Market?”) I wrote about the OMX Group's (STO:OMX) plans to establish IXSP – a new Russian stock exchange that is targeted towards small to medium sized enterprises (SMEs). It seems that this process is accelerating. Now the IXSP has its own web-site – a very nice but simple one, listing major ideas that the promoters are planning to execute.Speaking of the institutions promoting the new exchange, they are:

The Saint-Petersburg Stock Exchange (SPBEX), the third largest stock exchange in Russia, and OMX, which has created the RX consortium of international investors focused on Russia.