MOEX's March Turnover Continues Strong Growth, FX Shines

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 Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term venue, has just released its trading volumes for the month ending March 2017, having managed to sustain its continued momentum in light of a more volatile market trading atmosphere.

During March 2017, MOEX’s total FX market turnover again secured a consecutive monthly growth to RUB 36.7 trillion, jumping by 27.0 percent month-over-month from RUB 28.9 trillion in February 2017 – the latest reading corroborates a strong uptick in volumes at the exchange after what had been a lackluster start to the year in January.

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In addition, March 2017’s turnover also included spot trades of RUB 7.9 trillion (RUB 6.2 trillion in February 2017) and swap trades of RUB 28.7 trillion (RUB 22.6 trillion in February 2017). March 2017’s volumes at MOEX were also higher than its March 2016 equivalents, as the venue’s FX market turnover rose from RUB 30.8 trillion in the year prior, or 19.2 percent year-over-year.

Volumes Rundown

MOEX’s FX market’s average daily turnover in March 2017 was $29.6 billion (RUB 1,666.6 billion), corresponding to a growth of 9.7 percent MoM from $26.9 billion (RUB 1,519.5 billion) in February 2017, and 19.0 percent higher year-over-year from $24.9 billion (RUB 1,400.0 billion) in March 2016.

Looking at MOEX’s derivatives market volumes during March 2017, the group also yielded a positive performance for the month. In March 2017, MOEX reported a figure of RUB 8.7 trillion for the month – this was reflective of a surge of 33.8 percent month-over-month from RUB 6.5 trillion in February 2017.