Moscow Exchange Reports 10% Jump in Trading Volumes during July 2021

Photo: Bloomberg

Moscow Exchange (MOEX), the largest exchange group in Russia, recently released its trading volumes for July 2021. The exchange posted strong growth in the Derivatives Market, Equity Market and FX Spot Market during the last month.

The numbers released by Moscow Exchange show that the total trading volumes across Moscow Exchange’s markets reached RUB 87.3 trillion, which is 10.4% higher compared to the same period in 2020.

In terms of growth, volumes related to the Derivatives Market jumped by 40.4%. Equity Market’s volume spiked by nearly 30%. FX Spot Market’s volume saw a growth of 9.6% in July 2021.

“Derivatives Market volumes increased by 40.4% to RUB 12.5 trln (July 2020: RUB 8.9 trln) or 162.0 mln contracts (July 2020: 140.6 mln), of which 157.9 mln contracts were futures and 4.1 mln contracts were options. ADTV was RUB 517.7 bln (July 2020: RUB 460.3 bln). Open interest at the end of the month was RUB 570.5 bln (July 2020: RUB 406.4 bln). Standardized OTC Derivatives Market volume grew 4.8 times and reached RUB 159.7 bln,” MOEX mentioned in the latest announcement.

Since the start of 2021, Moscow Exchange reported strong growth in its Fee and Commission Income (F&C).

FX Market

Despite the latest jump in FX Spot Market’s volume, the overall FX trading activity at MOEX decreased slightly in July 2021. “FX Market trading volume was RUB 25.8 trln (July 2020: RUB 27.5 trln), with spot trades growing by 9.6% to RUB 7.7 trln and swap trades and forwards totaling RUB 18.1 trln. The FX Market’s ADTV was RUB 1,170.6 bln (USD 15.8 bln), compared to RUB 1,250.5 bln (USD 17.5 bln) in July 2020,” Moscow Exchange added.

Money Market turnover in July 2021 reached RUB 44.6 trln, which is 15.9% higher compared to the same period last year. The CCP-cleared repo segment added 14.1% to reach RUB 24.6 trln, including the GCC repo segment which increased by 8.6% to RUB 7.9 trln. Turnover in precious metals (spot and swaps) was up 5 times to RUB 27.9 bln (July 2020: RUB 5.6 bln).

In May 2021, Moscow Exchange announced the acquisition of INGURU.