MOEX FX Volumes Rise 20% in July, But Lags Year over Year

Moscow Exchange (MOEX) has released its trading volumes for the month ending July 2019. The exchange’s total FX volume was up on a monthly basis, but a weaker ADV figure ultimately shows a notable drop from last year’s numbers.

During July 2019, MOEX’s total FX market turnover secured a monthly growth to RUB 29.6 trillion ($453 billion), jumping by 19 percent month-over-month from RUB 24.7 trillion ($390 billion) in June 2019. However, the latest reading corroborates a mild drop in volumes at the exchange on a year-over-year basis, as the figure failed to secure a consecutive yearly growth, falling by nine percent from RUB 32.5 trillion in July 2018.

July 2019’s turnover included spot trades of RUB 5.7 trillion ($87 billion), or 21 percent of the total trading volume, and ‎swap trades coming in at RUB 23.9 trillion ($366 billion).

MOEX’s FX market’s average daily turnover in July 2019 was RUB 1,287 billion ($19.7 billion), corresponding to a drop of one percent month-over-month‎ from RUB 1.300 trillion ($20.5 billion) in June 2019, and was also lower by 13 percent year-over-year from RUB 1.47 trillion in July 2018.

Derivatives market advances

Looking at MOEX’s derivatives market volumes during July 2019, the group yielded a strong performance for the month. The exchange reported a figure of RUB 6.5 trillion for the month – this was up from 6.4 trillion in June, and the figure also improved 6.6 percent year-over-year from RUB 6.1 trillion a year ago.

Earlier this, the exchange operator has added new instruments and services on its FX Market, including a pilot USD/RUB order book, new instruments for the Japanese yen/Russian ruble (JPY/RUB) currency pair, and new currency pairs – USD/CNY and USD/TRY will be added to the global over-the-counter (OTC) 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 access project.

Moscow Exchange (MOEX) is the largest exchange group in Russia and Eastern Europe by trading volumes and number of clients. The MOEX currency family offers benchmarks for a number of currency pairs mainly thanks to its high liquidity, 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. The bourse said that its new service is in demand from international clients and it also helps to promote the MOEX FX market.