MOEX’s July FX Volumes Revert Back to Pre-Brexit Levels as Downtrend Resumes

Institutional Trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term venue 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 just released its latest trading volumes for the month ending July 2016, which showed an abrupt reversal off of last month’s uptick in foreign exchange (FX) market turnover – the latest figures show a resuming downtrend that has largely refused to abate since March 2016, according to a MOEX statement.

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During July 2016, MOEX’s total FX market turnover fell to RUB 25.9 trillion, rescinding by a factor of -7.2% MoM from RUB 27.9 trillion in June 2016 – this performance comes on the heels of last month’s Brexit referendum, which showed a healthy uptick, snapping three consecutive months of retreating volumes.

Furthermore, July 2016’s turnover also included spot trades of RUB 7.6 trillion (RUB 8.3 trillion in June 2016) and swap trades of RUB 18.2 trillion (RUB 19.6 trillion in June 2016). The latest volumes at MOEX also saw an uneven decline against its July 2015 counterpart however, with the group’s FX market turnover suffering a -10.1% YoY fall from RUB 28.8 trillion against July 2015.

Other Key Figures

MOEX’s FX market’s average daily turnover in May 2016 was $19.2 billion (RUB 1,232.0 billion), which was good for an 8.1% growth YoY from $18.8 billion (RUB 1,250.0 billion) in July 2015.

Finally, MOEX’s derivatives market volumes took a tumble in July 2016, corresponding to a figure of RUB 7.8 trillion for the month – this was reflective of a fall of -16.1% MoM from RUB 9.3 trillion in June 2016. The latest turnover across MOEX’s derivatives business was also vastly higher than July 2015, indicative of a climb of 18.2% YoY vs. RUB 6.6 trillion in July 2015.