Moscow Exchange's FX Volume up 16.8% MoM In April 2015, 38.1% YoY

Wednesday, 06/05/2015 | 15:17 GMT by Avi Mizrahi
  • This is the third month straight of rises in volume for MOEX since trading collapsed to just RUB 14.3 trillion in January 2015.
Moscow Exchange's FX Volume up 16.8% MoM In April 2015, 38.1% YoY
Bloomberg

The Russian venue Moscow Exchange (MOEX) announced today its trading volumes for April 2015. The Derivatives Market and FX Market saw the highest levels of activity, with volumes increasing 48.7% and 38.1% YoY, respectively, while trading volumes on the Precious Metals Market jumped by almost 10 times on a yearly basis.

Total FX Market turnover at MOEX for April 2015 grew by 38.1% to RUB 25.7 trillion compared with April 2014's figure of RUB 18.6 trillion. On a monthly comparison the figure has risen by 16.8%. This is the third month straight of rises in volume for MOEX since trading collapsed to just RUB 14.3 trillion in January 2015.

The April 2015 FX Turnover includes spot trades of RUB 7.9 trillion and swap trades of RUB 17.7 trillion. The FX Market's average daily turnover was RUB 1,166.8 billion (about $22.1 billion) compared to RUB 845.1 billion in April 2014.

MOEX-April-Volumes-Chartt-April

MOEX's Money Market turnover totalled RUB 19.6 trillion, compared with March 2014's RUB 15.7 trillion. The average daily turnover was RUB 934.8 billion, compared with March 2014's RUB 785.2 billion.

The volume of repo transactions with the CCP was RUB 4.3 trillion, compared with March 2014's RUB 1.4 trillion. The Exchange offered Eurobonds for repo transactions with the CCP for the first time in December 2014. The share of Eurobonds in the total volume of repo transactions with the CCP reached 21% in March, or RUB 903.8 billion.

Trading volumes on the Precious Metals Market increased 990% to RUB 6.1 billion compared with the April of the previous year. Turnover was RUB 6.0 billion for gold and RUB 0.8 million for silver. Fifty-two companies (43 banks and nine investment companies) participated in the market. The Moscow Exchange launched trading in precious metals in October 2013.

The Russian venue Moscow Exchange (MOEX) announced today its trading volumes for April 2015. The Derivatives Market and FX Market saw the highest levels of activity, with volumes increasing 48.7% and 38.1% YoY, respectively, while trading volumes on the Precious Metals Market jumped by almost 10 times on a yearly basis.

Total FX Market turnover at MOEX for April 2015 grew by 38.1% to RUB 25.7 trillion compared with April 2014's figure of RUB 18.6 trillion. On a monthly comparison the figure has risen by 16.8%. This is the third month straight of rises in volume for MOEX since trading collapsed to just RUB 14.3 trillion in January 2015.

The April 2015 FX Turnover includes spot trades of RUB 7.9 trillion and swap trades of RUB 17.7 trillion. The FX Market's average daily turnover was RUB 1,166.8 billion (about $22.1 billion) compared to RUB 845.1 billion in April 2014.

MOEX-April-Volumes-Chartt-April

MOEX's Money Market turnover totalled RUB 19.6 trillion, compared with March 2014's RUB 15.7 trillion. The average daily turnover was RUB 934.8 billion, compared with March 2014's RUB 785.2 billion.

The volume of repo transactions with the CCP was RUB 4.3 trillion, compared with March 2014's RUB 1.4 trillion. The Exchange offered Eurobonds for repo transactions with the CCP for the first time in December 2014. The share of Eurobonds in the total volume of repo transactions with the CCP reached 21% in March, or RUB 903.8 billion.

Trading volumes on the Precious Metals Market increased 990% to RUB 6.1 billion compared with the April of the previous year. Turnover was RUB 6.0 billion for gold and RUB 0.8 million for silver. Fifty-two companies (43 banks and nine investment companies) participated in the market. The Moscow Exchange launched trading in precious metals in October 2013.

About the Author: Avi Mizrahi
Avi Mizrahi
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About the Author: Avi Mizrahi
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.
  • 2727 Articles
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