Moscow Exchange Reports Decline in FX Trading Volumes over September 2021

by Felipe Erazo
  • Derivatives market volumes had a slight decline for the period compared to September 2020.
Moscow Exchange Reports Decline in FX Trading Volumes over September 2021
Bloomberg
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Moscow Exchange (MOEX), the largest exchange group in Russia, unveiled its trading metrics for September 2021, noting that total trading volumes across the exchange rose by 3% to RUB 89.2 trillion. The number is higher than the figure seen in the same period last year, which was RUB 86.5 trillion.

According to the report, the leaders with such rising numbers were the equity market, which accounted for 40% and the money market, which was 19%. Moreover, the standardized OTC derivatives market was up 1.6 times, MOEX said, while the precious metals market soared five times.

The trading volume was RUB 25.4 trillion in the Forex market space, which meant a decline from the number witnessed in September 2020 of RUB 29.9 trillion. MOEX said that spot trades accounted for RUB 6.8 trillion, while swap trades and forwards totalled for RUB 18.5 trillion.

The exchange highlighted the following figures about the total trading volume on the equity and bond market: “Total trading volume on the Equity and Bond Market in September 2021 increased by 6.4% to RUB 4,301.5 bln (September 2020: RUB 4,041.3 bln), hereinafter excluding overnight bonds.”

Investment Funds Units Figures

In shares, the total trading volume for DRs and investment fund units rallied by 40% to settle at RUB 2,816.4 billion. As a result, “97 new bond issues with a combined value of RUB 1,018.8 trln (of which overnight bonds accounted for RUB 284.2 bln) were placed in September 2021,” MOEX added. Moreover, in the derivatives market volumes, the exchange group reported that such volumes were RUB 12.8 trillion, which were down from the figure witnessed in September 2020 of RUB 13.1 trillion.

In August, total trading volumes across the exchange’s markets rose by 5.9% to RUB 79.7 trillion for the period, which is an increase compared to the figure seen in the same period last year of RUB 75.3 trillion.

The major drivers of such performance were the derivatives market, money market and bond market, accounting for 18.9%, 17.5% and 15.6%, respectively.

Moscow Exchange (MOEX), the largest exchange group in Russia, unveiled its trading metrics for September 2021, noting that total trading volumes across the exchange rose by 3% to RUB 89.2 trillion. The number is higher than the figure seen in the same period last year, which was RUB 86.5 trillion.

According to the report, the leaders with such rising numbers were the equity market, which accounted for 40% and the money market, which was 19%. Moreover, the standardized OTC derivatives market was up 1.6 times, MOEX said, while the precious metals market soared five times.

The trading volume was RUB 25.4 trillion in the Forex market space, which meant a decline from the number witnessed in September 2020 of RUB 29.9 trillion. MOEX said that spot trades accounted for RUB 6.8 trillion, while swap trades and forwards totalled for RUB 18.5 trillion.

The exchange highlighted the following figures about the total trading volume on the equity and bond market: “Total trading volume on the Equity and Bond Market in September 2021 increased by 6.4% to RUB 4,301.5 bln (September 2020: RUB 4,041.3 bln), hereinafter excluding overnight bonds.”

Investment Funds Units Figures

In shares, the total trading volume for DRs and investment fund units rallied by 40% to settle at RUB 2,816.4 billion. As a result, “97 new bond issues with a combined value of RUB 1,018.8 trln (of which overnight bonds accounted for RUB 284.2 bln) were placed in September 2021,” MOEX added. Moreover, in the derivatives market volumes, the exchange group reported that such volumes were RUB 12.8 trillion, which were down from the figure witnessed in September 2020 of RUB 13.1 trillion.

In August, total trading volumes across the exchange’s markets rose by 5.9% to RUB 79.7 trillion for the period, which is an increase compared to the figure seen in the same period last year of RUB 75.3 trillion.

The major drivers of such performance were the derivatives market, money market and bond market, accounting for 18.9%, 17.5% and 15.6%, respectively.

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