MOEX’s FX Turnover Maintains Positive Momentum in March

MOEX’s FX market’s average daily turnover in March 2018 was RUB 1.411 ‎trillion (USD 24.47 billion).

Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending March 2018, having managed to sustain its continued momentum in light of a more volatile market trading atmosphere.

During March 2018, MOEX’s total FX market turnover again secured a consecutive monthly growth to RUB 29.6 trillion ($513 billion), jumping by 4.6 percent month-over-month from RUB 28.3 trillion ($495 billion) in February 2018 – the latest reading corroborates a strong uptick in volumes at the exchange after what had been a lackluster start to the year in January.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

In addition, March 2018’s turnover also included spot trades of RUB 6.7 trillion ($115,78 billion), or 23 percent of the total trading volume, and ‎swap trades coming in at RUB 21.7 trillion ($374,98 billion).

Suggested articles

Forex Trading Disruptor Sees Growth Thanks to Offshore Regulated StatusGo to article >>

However, March 2018’s volumes at MOEX were lower than its March 2017 equivalents, as the venue’s FX market turnover dropped from RUB 36.7 trillion in the year prior, or 19.3 percent year-over-year.

MOEX’s FX market’s average daily turnover in March 2018 was RUB 1.411 trillion (USD 24.47 billion), corresponding to a drop of 6 percent month-over-month ‎ from RUB 1.51 trillion (USD 26 billion) in February 2018, and 7.0 percent lower year-over-year from RUB 1.52 billion (‎$26.9 billion) in March 2017.

Looking at MOEX’s derivatives market volumes during March 2018, the group also yielded a positive performance for the month. In March 2018, MOEX reported a figure of RUB 7.8 trillion for the month – this was reflective of a surge of 5.4 percent month-over-month from RUB 7.4 trillion in February 2018.

Got a news tip? Let Us Know