Moscow Exchange Posts Q3 Results, Net Profit Down 13.5% Despite Rise in Volumes
- FX trading volume for MOEX went up 7.3% in Q3 2013 to RUB 44.2 Trillion, a considerable increase of 37.9% from last year. EBITDA went down 12.1% compared to Q2 to RUB 3.99 Billion, but up 8.7% yearly.
The 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), which operates Russia’s largest public trading markets for FX, equity, bond, derivative and money market products, has released today its Q3 2013 financial results and trading volumes for the quarter.
Net profit for the Moscow Exchange decreased by 13.5% in Q3 compared to the last quarter to RUB 2.85 billion, but as the exchange wishes to highlight, net profits increased 29.8% Year-over-Year (YoY).
According to the announcement, the "strong" earnings compared to last year's results were driven by growth across the diversified business, but particularly by the FX and money market products.
Income for MOEX from the FX Market increased by 19.2% YoY to RUB 647.1 million, while trading volumes increased 37.9% YoY to RUB 44.2 trillion, and 7.3% over the last quarter's RUB 41.2 trillion trading volume. Spot trading volumes were down 12.4% YoY, while swap trading volumes increased significantly, growing by 97.1% YoY.
The total trading volume across all markets during the quarter was RUB 123.9 trillion, a slight rise of 2.6% compared to Q2 total trading volume of RUB 120.8 trillion, and a considerable increase of 25.3% Year-over-Year.
Total operating income for the third quarter came out just a bit lower (0.4%) than Q2 at RUB 6.28 billion, but rose 11.2% YoY. Additionally, the EBITDA went down 12.1% compared to the last quarter to RUB 3.99 billion, but again up 8.7% YoY.
One of the key corporate highlights that MOEX detailed relevant to the FX market was that trading platforms for Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term & Bonds, FX and the Derivatives Market were centralized at a single technology venue, the new M1 data centre.
The 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), which operates Russia’s largest public trading markets for FX, equity, bond, derivative and money market products, has released today its Q3 2013 financial results and trading volumes for the quarter.
Net profit for the Moscow Exchange decreased by 13.5% in Q3 compared to the last quarter to RUB 2.85 billion, but as the exchange wishes to highlight, net profits increased 29.8% Year-over-Year (YoY).
According to the announcement, the "strong" earnings compared to last year's results were driven by growth across the diversified business, but particularly by the FX and money market products.
Income for MOEX from the FX Market increased by 19.2% YoY to RUB 647.1 million, while trading volumes increased 37.9% YoY to RUB 44.2 trillion, and 7.3% over the last quarter's RUB 41.2 trillion trading volume. Spot trading volumes were down 12.4% YoY, while swap trading volumes increased significantly, growing by 97.1% YoY.
The total trading volume across all markets during the quarter was RUB 123.9 trillion, a slight rise of 2.6% compared to Q2 total trading volume of RUB 120.8 trillion, and a considerable increase of 25.3% Year-over-Year.
Total operating income for the third quarter came out just a bit lower (0.4%) than Q2 at RUB 6.28 billion, but rose 11.2% YoY. Additionally, the EBITDA went down 12.1% compared to the last quarter to RUB 3.99 billion, but again up 8.7% YoY.
One of the key corporate highlights that MOEX detailed relevant to the FX market was that trading platforms for Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term & Bonds, FX and the Derivatives Market were centralized at a single technology venue, the new M1 data centre.