Moscow Exchange Reached Record FX Trading Volume in December 2013

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 released today its total trading volumes figures for December, Q4 and the full-year of 2013.

The total FX market turnover in December 2013 at MOEX was the highest-ever at almost RUB 16.9 trillion, an impressive increase of 59% from RUB 10.6 trln in December 2012, and 37% over the previous month. The figure breaks down to spot trades of RUB 5 trln (29.5% of the total) and swap trades of RUB 11.9 trln (70.5%).

The yearly FX volume data shows a considerable increase of over 33% in 2013 compared to the previous year, but looking at the quarterly figures reveals that the year did not end on a high note as there was a slight 2.6% decrease from Q3 2013.

The MOEX FX market's average daily turnover (ADV) in December was also a month in which MOEX posted its highest-ever monthly figures at RUB 803 billion.

The Moscow Exchange's total turnover increased 24% YoY in December to RUB 46.6 trillion. The venue's international integration efforts which 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 Magnates has observed over a sustained period of time must be paying off.