Moscow Exchange’s FX Trading Volumes Up 42.4% YoY, 3.2% MoM

The Russian exchange posted positive results across FX and derivitives markets, with bonds also performing well.

The Russian venue Moscow Exchange (MOEX) announced today its trading volumes for July 2015. In line with previous months, the Derivatives Market and FX Market posted the strongest growth, with volumes increasing 83.5% and 42.4% YoY, respectively.

The results follow a strong month of June, which saw the FX Market’s daily average volumes hit RUB 1,326.9 billion. At RUB 1,250.5 billion in July 2015, daily average volumes decreased by 5.9% MoM.

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However, at RUB 28.8 trillion, overall FX Market turnover grew on both a monthly and annual basis, by 3.2% and 42.4% respectively. The breakdown of FX volumes was RUB 8.6 trillion for spot, up 8.4% MoM, and RUB 20.1 trillion for swaps, almost unchanged from June 2015.

The strongest YoY growth was recorded in the Derivatives Market, with volumes in July 2015 coming in at RUB 7.6 trillion, up 83.5% YoY.

Bond volumes also performed well. Secondary corporate, regional and sovereign bond turnover came in at RUB 813.8 billion, marking a 20% increase MoM, and up from RUB 765.9 billion in July 2014. A total of 34 new bond issues with a combined value of RUB 297.1 billion were placed in July.

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MOEX’s Money Market turnover totalled RUB 16.5 trillion, down somewhat from July 2014’s RUB 18.2 trillion. The average daily turnover was RUB 715.6 billion, compared with July 2014’s RUB 792.6 billion.

The volume of repo transactions with the CCP was RUB 5.5 trillion, compared with July 2014’s RUB 2.2 trillion, with the average daily turnover increasing by 150% YoY to RUB 238.6 billion.

Trading volumes on the Precious Metals Market increased nearly ten times to RUB 9.6 billion compared with the July of the previous year, which also represented strong MoM growth from June’s RUB 8.1 billion. Turnover was RUB 9.5 billion for gold and RUB 0.5 million for silver.

Fifty-nine companies (49 banks and ten investment companies) participated in the market during July 2015.


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