FX Volumes Surge on RUB Volatility during March at the Moscow Exchange
- The Moscow Exchange (MOEX) has released its March trading volumes. During the month, overall turnover totaled $1.32 trillion (RUB46.2 trillion), 50% above the same period last year and 17.8% above February’s figures.
The Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv (MOEX) has released its March trading volumes. During the month, overall turnover totaled $1.32 trillion (RUB46.2 trillion), 50% above the same period last year and 17.8% above February’s figures. The month was buoyed by growth in MOEX’s FX and Derivatives units.
Following strong growth in 2013, FX trading at the MOEX has continued to take place this year, as during March, the venue posted $650 billion (RUB23 trillion) in total volumes, achieving record average daily activity of $30 billion (RUB1.2 trillion). Daily averages were 20% above February’s figures, and double the same period last year. FX volumes were driven by continued growth in Swap products which composed 68% of trading and amounted to $450 million in executions, and has seen its overall percentage share increase from the low 60’s in 2013.
March FX volumes appear to have benefited from a volatile month as friction between Russia and Ukraine has been taking place. As a result, during March, the Russian ruble hit a multi-year against the US dollar, with the USD/RUB peaking at 36.08 before settling back to just above 35.00 presently.
The Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv (MOEX) has released its March trading volumes. During the month, overall turnover totaled $1.32 trillion (RUB46.2 trillion), 50% above the same period last year and 17.8% above February’s figures. The month was buoyed by growth in MOEX’s FX and Derivatives units.
Following strong growth in 2013, FX trading at the MOEX has continued to take place this year, as during March, the venue posted $650 billion (RUB23 trillion) in total volumes, achieving record average daily activity of $30 billion (RUB1.2 trillion). Daily averages were 20% above February’s figures, and double the same period last year. FX volumes were driven by continued growth in Swap products which composed 68% of trading and amounted to $450 million in executions, and has seen its overall percentage share increase from the low 60’s in 2013.
March FX volumes appear to have benefited from a volatile month as friction between Russia and Ukraine has been taking place. As a result, during March, the Russian ruble hit a multi-year against the US dollar, with the USD/RUB peaking at 36.08 before settling back to just above 35.00 presently.