MOEX’s FX Turnover Plunges to 2016 Low

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 reported its trading volumes for the month ending April 2016, which saw its foreign exchange (FX) market turnover fall to a 2016 low, erasing three months of growth this year, according to a MOEX statement.

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In April 2016, total FX market turnover at MOEX plunged to RUB 27.3 trillion, falling -11.4% MoM from RUB 30.8 trillion in March 2016 – this figure included spot trades of RUB 9.9 trillion and swap trades coming in at RUB 17.5 trillion in April 2016, each lower MoM than their March 2016 counterparts.

The latest figures were much more upbeat when measured against April 2015 equivalent however, as MOEX’s April 2016 FX market turnover managed to see a 6.2% YoY growth from RUB 25.7 trillion in April 2015.

In addition, MOEX’s FX market’s average daily turnover in February 2016 was $19.9 billion (RUB 1,302.3 billion), falling -7.0% MoM from $21.3 billion (RUB 1,400.0 billion) in March 2016. Compared with last year however, April 2016’s FX market turnover did move notably higher by a factor of 11.6% YoY from $17.8 billion (RUB 1,166.8 billion) in April 2015.

Finally, MOEX’s derivatives market volumes also weakened in April 2016, reporting a figure of RUB 10.6 trillion for the month – this yielded a fall of -7.0% MoM from RUB 11.4 trillion in March 2016. April 2016’s turnover was however much higher than the same period in 2015, having notched a growth of 68.3% YoY from just RUB 6.3 trillion in April 2015.