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Wild Ride Continues at Moscow Exchange, FX Volumes up 10% in September

by Avi Mizrahi
  • The Russian multi asset venue explained that the growth in derivatives trading figures was mainly driven by increased volumes in FX futures, which were up 118.5% YoY in September 2014 to RUB 2.7 trillion.
Wild Ride Continues at Moscow Exchange, FX Volumes up 10% in September
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The Moscow Exchange (MOEX) has just released its September 2014 trading volumes showing a strong increase in overall derivatives numbers compared to the same month of the previous year. The FX market trading volume rose again at MOEX during the month of September, after dropping 15% in August and rising 15% in July.

The total of the Moscow Exchange’s derivatives turnover was RUB 5.3 trillion in September 2014, (125.3 million contracts) up by 32.5% from 2013’s figure of RUB 4 trillion (92 million contracts). The derivatives volume was made up of RUB 5.0 trillion in futures and RUB 0.3 trillion in options. The Russian venue explained that growth was mainly driven by increased volumes in FX futures, which were up 118.5% YoY in September to RUB 2.7 trillion.

MOEX’s FX market turnover in September 2014 was RUB 18.7 trillion, an increase of exactly 10% from the previous month and up 28% from the September 2013 figure of RUB 14.6 trillion. The September FX market turnover includes spot trades of RUB 6.8 trillion which were up 33.3% MoM, and swap trades which remained flat at RUB 11.9 trillion. The FX market’s average daily turnover (ADV) was RUB 850.3 billion, or US $22.4 billion in September.

moex1

The Moscow Exchange (MOEX) has just released its September 2014 trading volumes showing a strong increase in overall derivatives numbers compared to the same month of the previous year. The FX market trading volume rose again at MOEX during the month of September, after dropping 15% in August and rising 15% in July.

The total of the Moscow Exchange’s derivatives turnover was RUB 5.3 trillion in September 2014, (125.3 million contracts) up by 32.5% from 2013’s figure of RUB 4 trillion (92 million contracts). The derivatives volume was made up of RUB 5.0 trillion in futures and RUB 0.3 trillion in options. The Russian venue explained that growth was mainly driven by increased volumes in FX futures, which were up 118.5% YoY in September to RUB 2.7 trillion.

MOEX’s FX market turnover in September 2014 was RUB 18.7 trillion, an increase of exactly 10% from the previous month and up 28% from the September 2013 figure of RUB 14.6 trillion. The September FX market turnover includes spot trades of RUB 6.8 trillion which were up 33.3% MoM, and swap trades which remained flat at RUB 11.9 trillion. The FX market’s average daily turnover (ADV) was RUB 850.3 billion, or US $22.4 billion in September.

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