Moscow Exchange Sees Another Decline in FX Trading Volume over October 2021

Total trading volumes across all markets plunged for the period.

Moscow Exchange (MOEX), the largest exchange group in Russia, released its trading metrics for October 2021 on Tuesday, highlighting a decline in total trading volumes across all the markets to RUB 84.9 trillion from RUB 89.7 trillion seen in the same period last year. According to the report, the leaders for the period were the equity, derivatives, standardized OTC derivatives and precious metal markets.

The figures considered 21 trading days, MOEX noted. As a result, the equity market took the lead by 75.6% of the market share in terms of volume, while the derivatives market accounted for 4.5%. “Total trading volume on the Equity and Bond Market in October was RUB 4,502.5 bln (October 2020: RUB 4,530.7 bln), hereinafter excluding overnight bonds,” Moscow Exchange said.

The forex market trading volume in the exchange group was RUB 24.9 trillion in October, which is down from the figure seen in October 2020 of RUB 29.9 trillion. Additionally, its ADTV was RUB 1,184.9 billion, compared to the RUB 1,358.5 billion seen in the same period last year.

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Moreover, trading volume in shares, DRs, and investment fund units soared by 75.6% to RUB 3,019.6 billion, which is up compared to RUB 1,719.4 billion witnessed in October 2020. Moreover, ADTV climbed 84.0% to RUB 143.8 billion.

September Metrics

“Trading volume in corporate, regional and sovereign bonds was RUB 1,482.9 bln (October 2020: RUB 2,811.3 bln). ADTV was RUB 70.6 bln (October 2020: RUB 127.8 bln). Eighty-six new bond issues with a combined value of RUB 811.3 bln (of which overnight bonds accounted for RUB 262.4 bln) were placed in October 2021,” MOEX noted in the trading metrics.

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

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