MOEX’s FX Volumes Rebound Sharply in February

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 just released its trading volumes for the month ending February 2017, which managed to sustain an upward trend despite a seasonal lull and reduced 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 in markets.

During February 2017, MOEX’s total FX market turnover notched a consecutive monthly growth to RUB 28.9 trillion, climbing by 20.9 percent month-over-month from RUB 23.9 trillion in January 2017 – the latest results helped par some of last month’s collapse in volumes, which largely returned to levels that closed out 2016.

In addition, February 2017’s turnover also included spot trades of RUB 6.2 trillion (RUB 6.2 trillion in January 2017) and swap trades of RUB 22.6 trillion (RUB 17.8 trillion in January 2017). February 2017’s volumes at MOEX were however lower than its February 2016 equivalents, as the venue’s FX market turnover fell from RUB 30.5 trillion in the year prior, or -5.2 percent year-over-year.

Volumes Rundown

MOEX’s FX market’s average daily turnover in February 2017 was $25.9 billion (RUB 1,519.5 billion), corresponding to a growth of 33.5 percent MoM from $19.4 billion (RUB 1,139.5 billion) in January 2017, and 4.9 percent higher year-over-year from $24.7 billion (RUB 1,450.8 billion) in February 2016.

Looking at MOEX’s derivatives market volumes during February 2017, the group also yielded a negative performance for the month. In February 2017, MOEX reported a figure of RUB 6.5 trillion for the month – this was reflective of a loss of -7.0 percent month-over-month from RUB 7.0 trillion in January 2017.