Moscow Exchange Releases 2013 Financial Results, Trading Volume Jumps 22% YoY

The Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (MOEX) has announced its financial results for the year ending December 31 2013, with robust increases seen in trading volumes (22% YoY) and revenue (14% YoY), via a Moscow Exchange statement.

Overall, the results seem to echo recent headlines that the Moscow Exchange was experiencing a strong year in trading, helped in large part by its rising FX offering and increased volatility across markets. In particular, total trading volume across all markets in 2013 jumped 22% YoY to $133.65 billion (RUB 449.4 trillion). Revenues also experienced a climb to $671.9 million (RUB 24.61 billion) in 2013, from $588.11 million (RUB 21.54 billion), or a 14% YoY increase.

2013 A Year To Remember

The 2013-year was filled with a variety of events for the Moscow Exchange, including the successful completion of an IPO that successfully raised $409.55 million (RUB 15 billion). In addition, the exchange launched precious metals trading and began central clearing OTC derivatives. Finally, FX instruments were offered in a consolidated format, with access to the highest end technology for user functionality.

According to Alexander Afanasiev, Chief Executive Officer of the Moscow Exchange in a statement on the 2013 financial results, "The past year was a remarkable one for Moscow Exchange and for the development of the Russian financial market. We completed our IPO in the beginning of 2013, showcasing the fact that high quality Russian issuers can raise significant capital in local shares on Moscow Exchange. Market infrastructure reforms yielded very positive results for Moscow Exchange: we grew volumes and delivered very strong financial results in 2013.”

Looking Ahead To 2014

Moreover, "Looking beyond the end of the reporting period at the start of 2014 we have seen high Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term on the Russian market, with stock indexes declining. At the same time, our trading volumes across most of our markets – equities, FX, money market, and derivatives – have posted significant growth during the first months of the New Year. In 2014 we will continue to focus on attracting more flows by making our platform even more convenient to trade on, and by attracting new issuers. We also continue to promote high corporate governance standards, and aim to set the benchmark for all Russian companies in this area,” added Afanasiev.