The Moscow Exchange (MOEX) has released today its total trading volumes figures for December, Q4 and the full-year of 2013.
The total FX market turnover in December 2013 at MOEX was the highest-ever at almost RUB 16.9 trillion, an impressive increase of 59% from RUB 10.6 trln in December 2012, and 37% over the previous month. The figure breaks down to spot trades of RUB 5 trln (29.5% of the total) and swap trades of RUB 11.9 trln (70.5%).
The yearly FX volume data shows a considerable increase of over 33% in 2013 compared to the previous year, but looking at the quarterly figures reveals that the year did not end on a high note as there was a slight 2.6% decrease from Q3 2013.
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The MOEX FX market’s average daily turnover (ADV) in December was also a month in which MOEX posted its highest-ever monthly figures at RUB 803 billion.
The Moscow Exchange’s total turnover increased 24% YoY in December to RUB 46.6 trillion. The venue’s international integration efforts which Forex Magnates has observed over a sustained period of time must be paying off.