The results showed a record 12 months for the exchange in terms of fee and commission income.
The Moscow Exchange (MOEX) announced its financial results for the year ended December 31, 2018, this Wednesday, revealing a record 12 months for the exchange in terms of fee and commission income.
Specifically, fee and commission income increased by 11.5 percent year-on-year to an all-time high off RUB 23.6 billion ($358.5 million). This was largely driven by the growth of fee income across all markets.
Net interest and finance income, which excludes any realized gains or losses from investment portfolio revaluation, was RUB 15.8 billion. When compared to the previous year, this is down by 2.9 percent.
MOEX FX Market Reports Solid Results
2018 was a busy year for MOEX, especially in terms of foreign exchange (forex) trading and products. During the year, the exchange added a number of new products across its markets, included seven new currency pairs which started trading on the FX market.
In addition, the exchange also launched an over-the-counter (OTC) Trading Platform for bonds. MOEX also partnered with Integral to provide OTC Liquidity in EUR/USD and GBP/USD for FX Market participants, as Finance Magnates reported.
During the 12 months ended December 31, 2018, the total fee and commission income on the FX market was RUB 3.99 billion. When measured against 2017, which reported an income of RUB 3.83 billion, this is up by 4.3 percent.
Trading volumes during the year also managed to increase slightly by 0.2 percent, rising from RUB 347.7 trillion in 2017 to reach RUB 348.4 trillion in the 12 months ended December 31, 2018.
In 2018, corporates continued to join the FX and Money Markets, the report said. As of today, 36 corporates can trade on the FX Market directly. Furthermore, more than 600,000 retail investors opened accounts in 2018. This brings the total number of brokerage accounts to 1.96 million by year-end 2018.
Commenting on the results, Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said: "In 2018, trading volumes rose significantly across nearly all markets, enabling the Exchange to set a new record for annual fee and commission income. An important growth driver was the surge of retail investor operations in the market and the growth of private investment in exchange-traded assets."
“We see that the efforts of MOEX and the entire financial community to grow domestic retail investing have begun to deliver results. Since the beginning of 2018, the number of individual brokerage accounts has increased by more than 800 thousand to 2.12 million today. I am confident this growth will continue.”
The Moscow Exchange (MOEX) announced its financial results for the year ended December 31, 2018, this Wednesday, revealing a record 12 months for the exchange in terms of fee and commission income.
Specifically, fee and commission income increased by 11.5 percent year-on-year to an all-time high off RUB 23.6 billion ($358.5 million). This was largely driven by the growth of fee income across all markets.
Net interest and finance income, which excludes any realized gains or losses from investment portfolio revaluation, was RUB 15.8 billion. When compared to the previous year, this is down by 2.9 percent.
MOEX FX Market Reports Solid Results
2018 was a busy year for MOEX, especially in terms of foreign exchange (forex) trading and products. During the year, the exchange added a number of new products across its markets, included seven new currency pairs which started trading on the FX market.
In addition, the exchange also launched an over-the-counter (OTC) Trading Platform for bonds. MOEX also partnered with Integral to provide OTC Liquidity in EUR/USD and GBP/USD for FX Market participants, as Finance Magnates reported.
During the 12 months ended December 31, 2018, the total fee and commission income on the FX market was RUB 3.99 billion. When measured against 2017, which reported an income of RUB 3.83 billion, this is up by 4.3 percent.
Trading volumes during the year also managed to increase slightly by 0.2 percent, rising from RUB 347.7 trillion in 2017 to reach RUB 348.4 trillion in the 12 months ended December 31, 2018.
In 2018, corporates continued to join the FX and Money Markets, the report said. As of today, 36 corporates can trade on the FX Market directly. Furthermore, more than 600,000 retail investors opened accounts in 2018. This brings the total number of brokerage accounts to 1.96 million by year-end 2018.
Commenting on the results, Alexander Afanasiev, Chief Executive Officer of Moscow Exchange, said: "In 2018, trading volumes rose significantly across nearly all markets, enabling the Exchange to set a new record for annual fee and commission income. An important growth driver was the surge of retail investor operations in the market and the growth of private investment in exchange-traded assets."
“We see that the efforts of MOEX and the entire financial community to grow domestic retail investing have begun to deliver results. Since the beginning of 2018, the number of individual brokerage accounts has increased by more than 800 thousand to 2.12 million today. I am confident this growth will continue.”
Cboe to End Crypto Exchange in Plans to Consolidate Services
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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