MOEX FX Market volume down 10% MoM in September

moex moscow exchange

Moscow Exchange (MOEX) has released its trading volumes report for the month of September 2019. Total trading volume across MOEX markets was RUB 67.7 trln last month.

The growth leaders in September were the Equity Market (+16.9%) and Derivatives Market (+10.5%), including commodities derivatives (+129.4%).

Equity & Bond Market

Total trading volumes on the Equity and Bond Markets was RUB 2,449.3 bln (same month last year: RUB 2,600.8 bln).

Turnover in shares, RDRs and investment fund units added 16.9% and reached RUB 1,062.7 bln. ADTV was up 11.3% to RUB 50.6 bln (September 2018: RUB 45.5 bln).

Turnover in corporate, regional and sovereign bonds was RUB 1,386.6 bln (RUB 1,691.7 bln for the same period in 2018), of which RUB 814 bln was made on the secondary market (September 2018: RUB 806 bln). ADTV was RUB 66.0 bln (September 2018: RUB 84.6 bln).

Eighty new bond issues with a combined value of RUB 1,380.5 bln (of which overnight bonds accounted for RUB 807.6 bln) were placed in September 2019.

Derivatives Market

Derivatives Market volumes were up to 10.5%, RUB 8.4 trln (September 2018: RUB 7.6 trln) or 152.8 mln contracts (September 2018: 121.5 mln), of which 147.7 mln contracts were futures and 5.1 mln contracts were options. ADTV was up 5.2% to RUB 398.7 bln (September 2018: RUB 379.0 bln).

In the total Derivatives Market volumes, turnover in commodities derivatives was RUB 3.5 trln, a twofold increase (September 2018: RUB 1.5 trln).

Open interest at the end of the month was RUB 603.0 bln (September 2018: RUB 445.8 bln).

Standartised OTC Derivatives Market turnover was RUB 12.0 bln.

FX Market

FX Market turnover was RUB 25.1 trln last month, down 10% MoM (same period last year: RUB 27.1 trln, RUB 27.8 trln in August 2019), with spot trades totaling RUB 5.6 trln and swap trades and forwards totaling RUB 19.5 trln.

The FX Market’s ADTV was RUB 1,193.5 bln (USD 18.4 bln), compared to RUB 1,357.0 bln (USD 20.0 bln) in September 2018.

Money Market

Money Market turnover was RUB 29.6 trln (September 2018: RUB 31.4 trln). ADTV was RUB 1,411.2 bln (September 2018: RUB 1,569.5 bln). In the total Money Market turnover, repo transaction volume cleared by the CCP reached RUB 16.2 trln and the CCP-cleared GCC repo segment turnover amounted to RUB 4.0 trln.

Commodities Markets

Turnover in precious metals (spot and swaps) was RUB 1.9 bln (September 2018: RUB 9.9 bln), of which RUB 1.9 bln (0.6 t) was gold and RUB 15.1 mln (0.4 t) was silver.

The total trading volume of agricultural products (grain and sugar) was RUB 0.3 bln (September 2018: RUB 5.6 bln).

More recent news from the exchange can be found below:


Read Also: