MOEX FX market turnover up 12% MoM in October

moex moscow exchange

Moscow Exchange (MOEX) has just released its market report for the month of October 2018.

Total trading volume across Moscow Exchange’s markets increased by 12.5% to RUB 78.1 trln in October 2018 (up 10% MoM).

Trading volumes grew on the Equity Market (+55.7%), Derivatives Market (+28.8%), Money Market (+14.9%) and FX Market (+11.4%).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market in October 2018 increased by 8.3% to RUB 2,601.3 bln (October 2017: RUB 2,401.8 bln), hereinafter exclusive of overnight bonds.

Turnover in shares, RDRs and investment fund units rose by 55.7% and amounted to RUB 1,047.9 bln (October 2017: RUB 673.2 bln). The average daily turnover was RUB 45.6 bln (October 2017: RUB 30.6 bln).

Turnover in corporate, regional and sovereign bonds was RUB 1,553.4 bln (October 2017: RUB 1,728.7 bln). The average daily trading volume (ADTV) was RUB 67.5 bln (October 2017: RUB 78.6 bln).

56 new bond issues with a combined value of RUB 1,535.6 bln (of which overnight bonds accounted for RUB 710.5 bln) were placed in October 2018.

Derivatives Market

Derivatives Market volumes increased by 28.8% to RUB 8.4 trln (October 2017: RUB 6.5 trln) or 134.5 mln contracts (October 2017: 128.1 mln), of which 128.8 mln contracts were futures and 5.7 mln contracts were options. ADTV was RUB 364.4 bln (October 2017: RUB 295.7 bln).

Open interest at the end of the month reached RUB 503.7 bln (October 2017: RUB 861.0 bln).

FX Market

FX Market turnover added 11.4% to reach RUB 30.4 trln (October 2017: RUB 27.3 trln), with spot trades increasing by 13.8% to RUB 7.0 trln and swap trades and forwards totaling RUB 23.4 trln.

The FX Market’s ADTV was RUB 1,323.7 bln (USD 20.1 bln), compared to RUB 1,242.2 bln (USD 21.5 bln) in October 2017.

Money Market

Money Market turnover grew 14.9% to RUB 35.5 trln (October 2017: RUB 30.9 trln). ADTV was RUB 1,542.8 bln (October 2017: RUB 1,405.0 bln).

Total repo transaction volume cleared by the CCP increased by 35.3% to RUB 27.6 trln. The CCP-cleared GCC repo segment increased nearly fivefold to RUB 4.9 trln.

Commodities Market

Total trading volumes on the Commodities Market in October 2018 grew by 61.4% to RUB 14.9 bln.

Turnover in precious metals (spot and swaps) rose by 22.6% to RUB 10.3 bln (October 2017: RUB 8.4 bln), of which RUB 10.3 bln (3.9 t) was gold and RUB 14.6 mln (474 kg) was silver.

The total trading volume of agricultural products (grain and sugar) increased fivefold to RUB 4.6 bln (October 2017: RUB 0.9 bln). ADTV was RUB 202.0 mln (October 2017: RUB 40.0 mln).

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