MOEX’s FX Volumes Jump in September, Rebounding off 2016 Lows

Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (MOEX), Russia’s largest institutional trading venue, has released its trading volumes for the month ending September 2016, which finally managed to edge out of a tight consolidation in terms of its foreign exchange (FX) market turnover – the latest figures were highlighted by a MoM increase in turnover, following several months of stagnation, according to a MOEX statement.

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During September 2016, MOEX’s total FX market turnover edged slightly lower to RUB 27.6 trillion, climbing by a factor of 8.2% MoM from RUB 25.5 trillion in August 2016 – these latest figures came amidst a healthy uptick in market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, a welcome departure for the group after back to back months of subdued trading.

Furthermore, September 2016’s turnover also included spot trades of RUB 8.2 trillion (RUB 7.9 trillion in August 2016) and swap trades of RUB 19.4 trillion (RUB 17.6 trillion in August 2016). The latest volumes at MOEX also were however noticeably lower against their September 2015 equivalents, as the venue’s FX market turnover fell by -20.2% YoY from RUB 34.6 trillion in September 2015.

Volumes Rundown

MOEX’s FX market’s average daily turnover in September 2016 was $20.1 billion (RUB 1,253.3 billion), correlating to a jump of 12.9% MoM from $17.8 billion (RUB 1,109.7 billion) in August 2016, and -20.2% YoY from $25.2 billion (RUB 1,570.6 billion) in September 2015.

Another positive from the latest report at MOEX during September was its derivatives market volumes, which again saw a strong performance last month. For September 2016, MOEX yielded a figure of RUB 9.7 trillion for the month – this was reflective of a gain of 6.6% MoM from RUB 9.1 trillion in July 2016. The latest turnover across MOEX’s derivatives business was however lower than September 2015, registering a decline of -9.3% YoY vs. RUB 10.7 trillion in September 2015.