FX Trading Records at the Moscow Exchange
FX trading continues to be an area of growth for the newly public Moscow Exchange, as the venue announced a record for one day transaction volumes taking place last Wednesday, April 17th . In total, a record 38,677 FX trades were executed, amounting to RUB759.88 billion ($24.2 billion), a four year high in ruble values. FX spot trading accounted for RUB389.84 billion, while FX swaps registered at RUB370.04 billion.
Having a leading presence in ruble trading, one of the Moscow Exchange’s goals heading into their IPO, was to become a major global financial hub. As a bridge between Europe and Asia, the exchange has been steadily attracting participants from the UK and China. In regards to FX, the exchange has been focusing on promoting its line of ruble denominated contracts to traders and corporation throughout Asia, and specifically China. This is in in contrast with the venue’s equity trading division, where foreign interest is driven by traders that are seeking to diversify their global portfolio exposure, or involved with algorithmic trades of dual listed UK and Moscow securities.
New records of the Moscow Exchange's FX market On April 17, 2013 the Moscow Exchange's FX market saw a record high in number of trades and trading volume. During that day 38,677 FX trades were executed, an absolute maximum value since the launch of the market in 1992. By the end of the day, the total trading volume on the market hit a four-year high by reaching the mark of USD24.2 billion (RUB759.88 billion) in total with spot trades and swap trades amounting to RUB389.84 billion and RUB370.04 billion respectively. In April the five thousandth client was registered on the Exchange's FX market. Over 50 banks and brokerages provide the access to the FX trading to their clients, Russian and foreign legal entities and individuals. Igor Marich, Managing Director of the FX market at the Moscow Exchange, said: "The growth in FX market trading volume was driven by both rising Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and innovations introduced to the market. Over 2012 we were paving the way for an improved Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and enhanced appeal of the on-exchange FX market by launching the client access and long-tenor swaps. From the beginning of this year non-credit organizations and non-resident banks from member states of Eurasian Economic Community are allowed to trade on the market. In April we launched new instruments as well as facilitated trading in the currency pair CNY/RUB and the FX swaps. Expansion of the client base and product line of the market ensures that the market is developed constantly in different economic conditions".
FX trading continues to be an area of growth for the newly public Moscow Exchange, as the venue announced a record for one day transaction volumes taking place last Wednesday, April 17th . In total, a record 38,677 FX trades were executed, amounting to RUB759.88 billion ($24.2 billion), a four year high in ruble values. FX spot trading accounted for RUB389.84 billion, while FX swaps registered at RUB370.04 billion.
Having a leading presence in ruble trading, one of the Moscow Exchange’s goals heading into their IPO, was to become a major global financial hub. As a bridge between Europe and Asia, the exchange has been steadily attracting participants from the UK and China. In regards to FX, the exchange has been focusing on promoting its line of ruble denominated contracts to traders and corporation throughout Asia, and specifically China. This is in in contrast with the venue’s equity trading division, where foreign interest is driven by traders that are seeking to diversify their global portfolio exposure, or involved with algorithmic trades of dual listed UK and Moscow securities.
New records of the Moscow Exchange's FX market On April 17, 2013 the Moscow Exchange's FX market saw a record high in number of trades and trading volume. During that day 38,677 FX trades were executed, an absolute maximum value since the launch of the market in 1992. By the end of the day, the total trading volume on the market hit a four-year high by reaching the mark of USD24.2 billion (RUB759.88 billion) in total with spot trades and swap trades amounting to RUB389.84 billion and RUB370.04 billion respectively. In April the five thousandth client was registered on the Exchange's FX market. Over 50 banks and brokerages provide the access to the FX trading to their clients, Russian and foreign legal entities and individuals. Igor Marich, Managing Director of the FX market at the Moscow Exchange, said: "The growth in FX market trading volume was driven by both rising Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and innovations introduced to the market. Over 2012 we were paving the way for an improved Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and enhanced appeal of the on-exchange FX market by launching the client access and long-tenor swaps. From the beginning of this year non-credit organizations and non-resident banks from member states of Eurasian Economic Community are allowed to trade on the market. In April we launched new instruments as well as facilitated trading in the currency pair CNY/RUB and the FX swaps. Expansion of the client base and product line of the market ensures that the market is developed constantly in different economic conditions".