Moscow Exchange Has Well Over Five Million Retail Investors
- They have pumped RUB 34.6 billion or $470 billion in April, twice as much as the maximum volume of for any month in 2019.
More than 1 million retail investors flocked to Russia’s largest institutional trading venue in the first four months of 2020, opening twice as many accounts as the monthly average in the previous year.
Moscow Exchange (MOEX) said in its monthly report that the number of retail investor accounts hit a five million milestone, up 25 percent from the year-ago levels. The exchange added an average of 258,000 individual accounts each month during the January-April period compared with a monthly average increase of 159,000 in the same interval of 2019.
The number of retail investors who made at least one trade in April came to 597,000, well above the 2019 monthly average of 244,900. They have pumped RUB 34.6 billion or nearly $470 billion into shares during April’s volatile trading, twice as much as the maximum volume of purchases for any month in 2019.
The exchange, however, didn’t explain why there had been a jump in retail activity throughout 2020. But amid concerns over the economic impact from the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term outbreak, there was a brighter side for all trading platforms, which attracted a rush of business as investors scrambled to protect portfolios.
Since 2015, Moex allowed private investors either to open an IIA with a broker (brokerage account) or asset management company (through trust management). The latest metrics show that the number of Individual Investment Accounts (IIA) accounts exceeded 2.2 million with 583,000 accounts have been opened year to date.
Money may be invested into MOEX's securities market instruments, such as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, shares, government and corporate bonds, as well as ETFs and mutual funds.
The meltdown in financial markets over the virus has sparked a jump in MOEX’s FX trading volumes in March to RUB 36.30 trillion ($486 billion). This figure was up 50 percent month-over-month from the RUB 24.1 trillion ($366 billion) that exchanged hands in February 2020.
MOEX, in particular, continues to develop its infrastructure as part of a state-backed drive to make Russia’s largest institutional trading venue one of the world’s leading financial hubs. Most recently, the exchange acquired a minority stake in BierbaumPro, which owns proprietary OTC FX platform NTPro.
More than 1 million retail investors flocked to Russia’s largest institutional trading venue in the first four months of 2020, opening twice as many accounts as the monthly average in the previous year.
Moscow Exchange (MOEX) said in its monthly report that the number of retail investor accounts hit a five million milestone, up 25 percent from the year-ago levels. The exchange added an average of 258,000 individual accounts each month during the January-April period compared with a monthly average increase of 159,000 in the same interval of 2019.
The number of retail investors who made at least one trade in April came to 597,000, well above the 2019 monthly average of 244,900. They have pumped RUB 34.6 billion or nearly $470 billion into shares during April’s volatile trading, twice as much as the maximum volume of purchases for any month in 2019.
The exchange, however, didn’t explain why there had been a jump in retail activity throughout 2020. But amid concerns over the economic impact from the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term outbreak, there was a brighter side for all trading platforms, which attracted a rush of business as investors scrambled to protect portfolios.
Since 2015, Moex allowed private investors either to open an IIA with a broker (brokerage account) or asset management company (through trust management). The latest metrics show that the number of Individual Investment Accounts (IIA) accounts exceeded 2.2 million with 583,000 accounts have been opened year to date.
Money may be invested into MOEX's securities market instruments, such as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, shares, government and corporate bonds, as well as ETFs and mutual funds.
The meltdown in financial markets over the virus has sparked a jump in MOEX’s FX trading volumes in March to RUB 36.30 trillion ($486 billion). This figure was up 50 percent month-over-month from the RUB 24.1 trillion ($366 billion) that exchanged hands in February 2020.
MOEX, in particular, continues to develop its infrastructure as part of a state-backed drive to make Russia’s largest institutional trading venue one of the world’s leading financial hubs. Most recently, the exchange acquired a minority stake in BierbaumPro, which owns proprietary OTC FX platform NTPro.