The Moscow Exchange (MOEX) has disclosed its trading volumes for the month ending February 2015, which saw a rise across its foreign exchange (FX) market turnover, negating a double digit retreat last month, according to a MOEX statement.
In February 2016, the total FX market turnover at MOEX climbed to RUB 30.5 trillion, rising 10.1% MoM from RUB 27.7 trillion in January 2065 – this included spot trades of RUB 12.4 trillion and swap trades coming in at RUB 18.1 trillion in February 2016, each higher MoM than their January 2016 counterparts.
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The picture was even more optimistic when measured against its 2015 equivalent however, as MOEX secured a solid YoY growth across its FX volumes, with February 2016 constituting a surge of 55.6% YoY from just RUB 19.6 trillion in February 2015.
Furthermore, MOEX’s FX market’s average daily turnover in February 2016 was $19.6 billion (RUB 1,450.8 billion), falling -5.9% MoM from $20.9 billion (RUB 1,541.4 billion) in January 2016. Compared with last year however, February 2016’s FX market turnover did move notably higher by a margin of 40.8% YoY from $13.9 billion (RUB 1,030.7 billion) in February 2015.
Finally, MOEX’s derivatives market volumes did build on a strong January performance by catapulting higher in February 2016, reporting a figure of RUB 13.4 trillion for the month – this corresponded to a rise of 26.4% MoM from RUB 10.6 trillion in January 2016. February 2016’s turnover is also higher than the same period in 2015, having registered a climb of 103.0% YoY from just RUB 6.6 trillion in February 2015.