November FX Trading Volumes on Moscow Exchange Shed 14%

Volumes on the MOEX Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market still marked a 52% increase over last year. However, the recent ruble turmoil has not resulted in a new monthly record in November despite rapidly falling oil prices.

With the Russian ruble hitting fresh all-time lows and marking a new record today, dropping by 7.5% against the US dollar at the start of the Russian trading session, trading volumes in the Moscow Exchange have been announced to drop 14% when compared to October.

The total volumes on the MOEX forex market totalled RUB 18.7 trillion ($362 billion), from which 6.9 trillion ($133 billion) changed hands on the spot market, while 11.8 trillion ($228 billion) were transacted in Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. The average daily volume totalled RUB 986.6 billion ($19.1 billion) with the decline partially attributed to the lower number of trading days in November.

The derivatives market turnover increased 121% year-on-year to RUB 7.7 trillion ($149 billion) or 162.8 million contracts, of which RUB 6.6 trillion ($127 billion) were futures and RUB 1.1 trillion were options. The main drivers were FX futures, which rose 370% year-over-year in November to RUB 5.5 trillion ($106 billion). The FX options trading volume reached RUB 815 billion (November 2013: RUB 9 billion).