MOEX FX Volumes Snap October Positive Momentum, Also Lower YoY

Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has just released its trading volumes for the month ending November 2018, having failed to sustain the strong momentum seen last month in light of a less volatile market trading atmosphere.

During November 2018, MOEX’s total FX market turnover was reported at RUB 26.8 trillion ($401 billion), falling by 11.2 percent month-over-month from RUB 30.4 trillion ($460 billion) in October 2018.‎ In addition, the latest reading corroborates a mild drop in volumes at the exchange on a year-over-year basis, as the figure failed to secure a consecutive yearly growth in US dollar terms, falling by two percent from RUB 27.3 trillion in November 2017.

MOEX’s total FX turnover in November 2018‎ featured spot trades of RUB 7.1 trillion, up eight percent month-on-month, while swap trades and forwards together came in at RUB 19.7 trillion, or 16 percent lower than the equivalent figures (RUB 23.4 trillion) for October.

MOEX’s FX market’s average daily turnover in November 2018 was RUB 1.27 trillion ($19 billion), corresponding to a drop of five percent month-on-month from RUB 1.32 trillion ($20 billion) in October 2018. This figure was also lower by 1.6 percent higher year-over-year from RUB 1.29 trillion in November 2017.

The MOEX currency family offers benchmarks for a number of currency pairs mainly thanks to its high Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, transparency and historical foundation. In recent years, MOEX’s FX market has developed from a limited segment within the Russian interbank market to a global Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for ruble operations.

Looking at MOEX’s derivatives market volumes during November 2018, the group also yielded a mixed performance for the month. In November 2018, MOEX reported a figure of RUB 8.2 trillion for the month – this was reflective of a drop of 2.4 percent month-over-month from RUB 8.4 trillion in October 2018, but higher nine percent year-over-year from RUB 7.5 trillion in the same month a year ago.