Moscow Exchange’s FX Trading Volume down 17.5% MoM in May 2015

The Russian 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) announced today its trading volumes for May 2015. The Derivatives Market and FX Market posted the strongest growth, with volumes increasing 33% and 27% YoY, respectively. Secondary market turnover in bonds increased 12%.

The figures might increase in the coming months as MOEX announced yesterday, that effective June 8, 2015, it will decrease new minimum initial margin requirements on its FX, Equity & Bond and Derivatives markets, giving additional incentives to trade.

Total FX Market turnover at MOEX for May 2015 grew by 26.5% to RUB 21.2 trillion compared with May 2014’s figure of RUB 16.7 trillion. However, on a monthly comparison the figure dropped by 17.5%. This is a first setback for the Russian venue after three straight months of rise in volume.

The May 2015 FX Turnover FX Turnover FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t Read this Term includes spot trades of RUB 5.7 trillion and swap trades of RUB 15.5 trillion. The FX Market’s average daily turnover was RUB 1,175.5 billion (about $23.3 billion) compared to RUB 836.3 billion in May 2014.

MOEX’s Money Market turnover, including repo with a basket of securities, totalled only RUB 16.4 trillion, compared with May 2014’s RUB 19.3 trillion. The average daily turnover was also down to RUB 913.5 billion, compared with May 2014’s RUB 966.4 billion.

Last month, the Moscow Exchange announced strong operating income for the first quarter of 2015, the figure increased by 82.4% year-on-year to RUB 11.87 billion ($241 million). Additionally, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) spiked higher by 115.9% to RUB 9.41 billion ($190 million).