MOEX FX Market Volumes Soared by 28.6% in March 2022

Moscow Exchange (MOEX), the largest exchange group in Russia, released its trading metrics for March 2022 on Monday, noting that trading volumes soared to RUB 154.5 trillion compared to the previous year’s figures.

According to the report, trading volumes in March 2021 were RUB 90.4 trillion. In March, the total trading volume on the equity and bond markets was RUB 635.3 billion, which is down compared to March 2021 numbers of 4,408.7 billion.

“Trading volume in shares, DRs and investment fund units was RUB 445.2 bln (March 2021: RUB 2,671.3 bln). ADTV was RUB 74.2 bln (March 2021: RUB 121.4 bln). Trading volume in corporate, regional and sovereign bonds was RUB 190.1 bln (March 2021: RUB 1,737.4 bln). ADTV was RUB 21.1 bln (March 2021: RUB 79.0 bln),” the report highlighted.

Derivatives Market volumes were RUB 2.3 trillion (March 2021: RUB 16.4 trillion) or 26.2 million contracts (March 2021: 221.9 million), of which 25.2 million contracts were futures and 1.0 million were options. As a result, the ADTV in March 2021 was RUB 747.0 billion (March 2016: RUB 116.3 billion). End-of-month open interest was RUB 281.1 billion (March 2021: RUB 737.0 billion).

MOEX reported the following about the FX market: “FX Market trading volume grew by 28.6% to RUB 41.0 trln (March 2021: RUB 31.9 trln), with spot trades amounting to RUB 8.3 trln and swap trades and forwards totaling RUB 32.7 trln.”

European Association FESE Excludes MOEX

In March, the Federation of European Securities Exchanges (FESE) became the latest to exclude the Moscow Exchange from its association. “The Federation of European Securities Exchanges (FESE) utterly condemns the Russian-led invasion of Ukraine. Our thoughts and unwavering support go out to the Ukrainian people,” the industry association wrote in its announcement.

The FESE is an industry association that represents operators of European exchanges and other market segments, including stock exchanges, financial derivatives, energy and commodity exchanges.