FX Volumes Rebound at Russia’s MOEX, Derivatives Market Stands Tall
- FX market turnover at MOEX rose 12 percent month-over-month to RUB 30.4 trillion ($460 billion).
Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending October 2018, having managed to recover from the weak momentum seen last month due to a more volatile market trading atmosphere.
During the reported month, FX market turnover at MOEX rose 12 percent month-over-month to RUB 30.4 trillion ($460 billion) from RUB 27.1 trillion ($410 billion) in September 2018. In addition, the figure managed to secure a prolonged growth across the yearly timetable, rising 11.3 percent year-over-year from RUB 27.3 trillion in October 2017.
This included spot trades of RUB 7.0 trillion, or up 14 percent over last year, and swap trades coming in at RUB 23.4 trillion in October 2018, each higher month-on-month than the equivalent figures for September.
This month-on-month expansion caused the FX market’s average daily turnover to increase to RUB 1.32 trillion ($20 billion) in October. The figure was again higher by 6.5 percent year-over-year compared to the RUB 1.24 trillion ($21.5 billion) reported in October 2017.
The MOEX currency family offers benchmarks for a number of currency pairs mainly thanks to its high 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, transparency and historical foundation. In recent years, MOEX’s FX market has developed from a limited segment within the Russian interbank market to a global Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for ruble operations.
Looking at MOEX’s derivatives market volumes during October 2018, the group also yielded a strong performance for the month. In particular, MOEX reported a figure of RUB 8.4 trillion for the month – this was reflective of a gain of 29 percent year-over-year from RUB 6.5 trillion in the same month a year ago.
Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending October 2018, having managed to recover from the weak momentum seen last month due to a more volatile market trading atmosphere.
During the reported month, FX market turnover at MOEX rose 12 percent month-over-month to RUB 30.4 trillion ($460 billion) from RUB 27.1 trillion ($410 billion) in September 2018. In addition, the figure managed to secure a prolonged growth across the yearly timetable, rising 11.3 percent year-over-year from RUB 27.3 trillion in October 2017.
This included spot trades of RUB 7.0 trillion, or up 14 percent over last year, and swap trades coming in at RUB 23.4 trillion in October 2018, each higher month-on-month than the equivalent figures for September.
This month-on-month expansion caused the FX market’s average daily turnover to increase to RUB 1.32 trillion ($20 billion) in October. The figure was again higher by 6.5 percent year-over-year compared to the RUB 1.24 trillion ($21.5 billion) reported in October 2017.
The MOEX currency family offers benchmarks for a number of currency pairs mainly thanks to its high 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, transparency and historical foundation. In recent years, MOEX’s FX market has developed from a limited segment within the Russian interbank market to a global Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for ruble operations.
Looking at MOEX’s derivatives market volumes during October 2018, the group also yielded a strong performance for the month. In particular, MOEX reported a figure of RUB 8.4 trillion for the month – this was reflective of a gain of 29 percent year-over-year from RUB 6.5 trillion in the same month a year ago.