MOEX records 32.2% growth of fee and commission income amid subdued economic activity and declining market interest rates.
Bloomberg
Moscow Exchange (MOEX) today reported its financial results for Q1 2016, reflecting a strong start to the year, fueled by a substantial 32.2 percent growth of fee and commission income in the first quarter.
The results highlight the strength of MOEX’s diversified product line and follow its record yearly results for 2015 revealing significant growth in the number of individual traders on its FX Market.
Commenting on the results, Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said: "We are pleased to announce substantial 32.2% growth of fee and commission income in the first quarter. Our priorities for the second half of the year remain expanding the range of products and services we offer to improve trading and clearing efficiency, attracting more Russian retail clients and continuing our work to promote the Russian market and Russian issuers among international investors."
Operating Income
Operating income declined 1.1 percent YoY and 8.1 percent QoQ to RUB 11.7 billion. Fee and commission income increased 32.2% YoY to RUB 5.0 billion, with a slight decline of 2.5 percent QoQ.
EBITDA
EBITDA for Q1 2016 amounted to RUB 9.2 billion, down 2.6 percent YoY and down 8.5 percent QoQ. The EBITDA margin for Q1 2016 was 78.1 percent compared with 79.3 percent in Q1 2015.
Net Profit
Net profit for Q1 2016 amounted to RUB 7.0 billion, down 3.1 percent YoY and down 9 percent QoQ.
Other Highlights
Fee and commission income from the FX Market increased 48.1 percent YoY to RUB 1.3 billion. Trading volumes on the FX Market totalled RUB 89.0 trillion, up 59.5 percent YoY. Spot trading volumes rose 69.1 percent YoY, while swap trading volumes increased 53.8 percent YoY on the back of continued demand for Liquidity -management products.
Fee and commission income from the Derivatives Market grew by 108.3 percent YoY to RUB 513.3 million. Trading volumes in contract terms increased 78.1 percent YoY and amounted to 556.5 million contracts totalling RUB 35.5 trillion, largely driven by growth of futures on commodities and FX, and options.
Evgeny Fetisov, Chief Financial Officer of Moscow Exchange, also commented: “We made a strong start to the year. Fee and commission income increased across almost all our products, with the highest growth rates on the Derivatives Market, Money Market and FX Market. Lower interest rates led to contraction of interest income as expected, while on the other hand overall client activity increased. Cost discipline allowed us to deliver an impressive EBITDA margin of 78.1%."
Moscow Exchange (MOEX) today reported its financial results for Q1 2016, reflecting a strong start to the year, fueled by a substantial 32.2 percent growth of fee and commission income in the first quarter.
The results highlight the strength of MOEX’s diversified product line and follow its record yearly results for 2015 revealing significant growth in the number of individual traders on its FX Market.
Commenting on the results, Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said: "We are pleased to announce substantial 32.2% growth of fee and commission income in the first quarter. Our priorities for the second half of the year remain expanding the range of products and services we offer to improve trading and clearing efficiency, attracting more Russian retail clients and continuing our work to promote the Russian market and Russian issuers among international investors."
Operating Income
Operating income declined 1.1 percent YoY and 8.1 percent QoQ to RUB 11.7 billion. Fee and commission income increased 32.2% YoY to RUB 5.0 billion, with a slight decline of 2.5 percent QoQ.
EBITDA
EBITDA for Q1 2016 amounted to RUB 9.2 billion, down 2.6 percent YoY and down 8.5 percent QoQ. The EBITDA margin for Q1 2016 was 78.1 percent compared with 79.3 percent in Q1 2015.
Net Profit
Net profit for Q1 2016 amounted to RUB 7.0 billion, down 3.1 percent YoY and down 9 percent QoQ.
Other Highlights
Fee and commission income from the FX Market increased 48.1 percent YoY to RUB 1.3 billion. Trading volumes on the FX Market totalled RUB 89.0 trillion, up 59.5 percent YoY. Spot trading volumes rose 69.1 percent YoY, while swap trading volumes increased 53.8 percent YoY on the back of continued demand for Liquidity -management products.
Fee and commission income from the Derivatives Market grew by 108.3 percent YoY to RUB 513.3 million. Trading volumes in contract terms increased 78.1 percent YoY and amounted to 556.5 million contracts totalling RUB 35.5 trillion, largely driven by growth of futures on commodities and FX, and options.
Evgeny Fetisov, Chief Financial Officer of Moscow Exchange, also commented: “We made a strong start to the year. Fee and commission income increased across almost all our products, with the highest growth rates on the Derivatives Market, Money Market and FX Market. Lower interest rates led to contraction of interest income as expected, while on the other hand overall client activity increased. Cost discipline allowed us to deliver an impressive EBITDA margin of 78.1%."
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Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
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-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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Connect with us at:
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As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
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Speakers:
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-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
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-How can the FCA balance greater flexibility with consumer protection?
Speakers:
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-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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