Moscow Exchange (MOEX) just released its trading volumes report for the month of July 2019. Total trading volume across Moscow Exchange’s markets was RUB 72.1 trln last month.
The growth leaders were once again the Equity Market (+54.3%), as well as:
- GCC Repo Market (+53.9%)
- Derivatives Market (6.6%), including commodities derivatives (+24.6%).
Equity & Bond Market
- Equity and Bond Markets total trading volumes last month rose by 17.4% to RUB 2,881.8 bln (July 2018: RUB 2,455.7 bln), hereinafter exclusive of overnight bonds.
- Turnover in shares, RDRs and investment fund units added 54.3% and reached RUB 1,207.3 bln, a record high since April 2018 (July 2018: RUB 782.5 bln). ADTV was by RUB 52.5 bln (July 2018: RUB 35.6 bln).
- Turnover in corporate, regional and sovereign bonds was RUB 1,674.5 bln (July 2018: RUB 1,673.2 bln). ADTV was RUB 72.8 bln (July 2018: RUB 76.1 bln).
- Seventy-seven new bond issues with a combined value of RUB 1,228.6 bln (of which overnight bonds accounted for RUB 498.0 bln) were placed in July 2019.
Derivatives Market
- Derivatives Market volumes increased by 6.6% to RUB 6.5 trln (July 2018: RUB 6.1 trln) or 120.5 mln contracts (July 2018: 104.0 mln), of which 116.9 mln contracts were futures and 3.6 mln contracts were options. ADTV – RUB 284.5 bln (July 2018: RUB 279.2 bln).
- Turnover of commodities derivatives was up to RUB 2.4 trln with 24.6% (July 2018: RUB 1.9 trln).
- Open interest at the end of July was up 34.6% to RUB 609.8 bln (July 2018: RUB 453.2 bln).
- Standartised OTC Derivatives Market turnover increased by 12.9% to RUB 30.9 bln.
FX Market
- FX Market turnover was RUB 29.6 trln – down 9% YoY, but a 20% MoM rise (July 2018: RUB 32.5 trln; June 2019: RUB 24.7 trln), with spot trades totaling RUB 5.7 trln and swap trades and forwards totaling RUB 23.9 trln.
- The growth leader was the EUR/USD currency pair, adding 61.3% to RUB 1.4 trln (RUB 866 bln in July 2018).
- The FX Market’s ADTV was RUB 1,287.0 bln (USD 20.4 bln), compared to RUB 1,478.9 bln (USD 23.5 bln) in July 2018.
Money Market
- Money Market turnover was RUB 30.1 trln in July (July 2018: RUB 30.0 trln). ADTV was RUB 1,309.5 bln last month (July 2018: RUB 1,363.8 bln).
- Total repo transaction volume cleared by the CCP increased by 3.5% to RUB 17.8 trln.
Commodities Markets
- Turnover in precious metals (spot and swaps) was RUB 2.8 bln (July 2018: RUB 9.9 bln), of which RUB 2.7 bln (0.94 t) was gold and RUB 45.8 mln (1.41 t) was silver.
- Total trading volume of agricultural products (grain and sugar) was RUB 2.2 bln (July 2018: RUB 5.2 bln).