MOEX FX Market turnover grows by 6% YoY in November

Moscow Exchange (MOEX) has just released its market report for the month of November.

Total trading volume across Moscow Exchange`s markets in November was RUB 70.4 trln.

The Bond Market posted the strongest volume growth (+43.3% YoY). Turnover also grew on the Equity Market (+9.1% YoY) and FX Market (+6.2% YoY).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market rose by 26.4% YoY to RUB 2,288.7 bln (November 2016: RUB 1,810.5 bln), hereinafter exclusive of short-term bonds.

Turnover in shares, RDRs and investment fund units increased by 9.1% YoY to RUB 977.2 bln (November 2016: RUB 895.5 bln). The average daily turnover was RUB 46.5 bln (November 2016: RUB 42.6 bln).

Turnover in corporate, regional and sovereign bonds soared by 43.3% YoY to RUB 1,311.5 bln (November 2016: RUB 915.0 bln). The average daily trading volume (ADTV) was RUB 62.5 bln (November 2016: RUB 43.6 bln).

45 new bond issues with a combined value of RUB 1,051.9 bln (of which overnight bonds accounted for RUB 647.1) were placed in November.

Derivatives Market

Derivatives Market volumes amounted to RUB 7.5 trln (November 2016: RUB 9.9 trln).

Open interest at the end of the month reached RUB 930.5 bln (November 2016: RUB 841.6 bln).

FX Market

FX Market turnover grew by 6.2% YoY to RUB 27.3 trln (November 2016: RUB 25.7 trln), including spot trades totalling RUB 6.6 trln and swap trades and forwards together totalling RUB 20.7 trln. FX Market turnover in US dollar terms increased by 15.8% YoY to USD 463.0 bln (November 2016: USD 399.8 bln).

The FX Market`s ADTV was RUB 1,298.4 bln (USD 22.0 bln) compared to RUB 1,225.4 bln (USD 19.0 bln) in November 2016.

Money Market

Money Market turnover totaled RUB 29.7 trln (November 2016: RUB 31.8 trln). ADTV was RUB 1.4 trln bln (November 2016: RUB 1.5 trln).

The volume of repo transactions with the CCP increased by 8.2% YoY to RUB 19.7 trln (November 2016: RUB 18.2 trln).

The volume of CCP-cleared GCC repo transactions increased 29.5 times YoY to RUB 1.4 trln.

Commodities Market

Total turnover in precious metals amounted to RUB 9.6 bln (November 2016: RUB 10.1 bln), of which RUB 9.6 bln (3.94 t) was gold and RUB 5.7 mln (175.9 kg) was silver.

The total trading volume of agricultural products (grain and sugar) was RUB 972.8 mln in November.

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