Moscow Exchange (MOEX) has released some of the metrics for January, showing the massive upward drag in the retail trading activities and overall demand. The platform added nearly 5 million individual brokerage accounts by the end of the month and thus taking the total number to 28.8 million.
The total trading volume across all the markets on MOEX came in at RUB 87.2 trillion, which is 36.5 percent higher than the previous year. The exchange witnessed a record yearly growth across all the markets.
Demand Records
Foreign exchange (forex) trading volume on the exchange jumped by 18.2 percent in the month to RUB 27 trillion. Spot swap trading contributed a total of RUB 10 trillion in trades, while the rest of the trades were in swaps and forwards. The average daily trading volume with forex came in at RUB 1.28 trillion, which was 6.66 percent higher.
The equities and bond market took the highest year-over-year jump of 62.6 percent, with the total trading volume exceeding RUB 5 trillion. When shares, DRs and investment fund units are considered together, the market jumped by 87.4 percent.
In addition, demand for derivatives products came in higher by 43.4 percent to reach a record RUB 16.7 trillion. In total, 209.8 million contracts were traded in January, out of which 205 million contracts were futures and 4.8 million were options. Moreover, open interest in the month-end jumped by 21.1 percent to RUB 829.2 billion.
What's more, the turnover of the money market went up by 53.4 percent.
Furthermore, retail activities on the Russian platform contributed significantly to the total trading demand of last month. Retail investor accounts traded 41.2 percent of the total equities, 17.8 percent in the bond market, 12 percent in forex spot trading and 42.9 percent in derivatives trading.
