MOEX Sees Decline in Trading Volumes as FX and Money Markets Shrink

The Russian exchange group also saw a downturn in the bond and equities markets

The Moscow Exchange (MOEX), the largest exchange group in Russia, released its monthly trading report this Monday. MOEX ended May with a slight downturn in total month-on-month trading volume.

At the end of April, the exchange saw a total trading volume of RUB 77.4 trillion ($1.25 trillion). In May, this figure decreased to RUB 71.1 ($1.15 trillion), meaning there was an 8 percent decrease in total trading for the firm.

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This decline was in part explained by a downturn in trading in the equities and bond markets. In April, the firm finished the month with RUB 3.13 trillion ($50 billion) in equities and bond trading. At the end of last month, this number had declined to RUB 2.49 trillion ($40 billion) – a 20.4 percent decrease.

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Small dips in FX and money markets

There was a similar downturn in the derivatives markets. At the end of May, the firm had a total derivatives trading volume of RUB 6.7 trillion ($110 billion). This marked an 18 percent decline on April in which the firm finished with RUB 8.2 trillion ($130 billion) worth of derivatives trading.

In the FX markets, there was also a notable decrease in trading activity. At the end of April, the Russian exchange had a total FX trading volume of RUB 31.8 trillion ($510 billion). This number decreased in May to RUB 30.2 trillion ($490 billion) – a 5 percent decline.

The money markets, the largest part of MOEX’s business along with FX, also saw a slight decline in May. MOEX saw a total trading volume of RUB 31.7 trillion ($510 billion) in money markets this April. That figure declined by approximately 4 percent to RUB 30.4 trillion in May.

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