MOEX releases steady results in November’s FX Market turnover

moex moscow exchange

Moscow Exchange (MOEX) has announced its financial results for November. Total trading volume across Moscow Exchange’s markets was RUB 69.7 trln.

The Exchange has been quite busy lately, expanding analytics offering for algorithmic and HFT firms. MOEX also launched trading in futures contracts on non-ferrous metals such as aluminum, nickel, zinc and copper, as well as gold futures with physical delivery.

In the middle of October, Moscow Exchange signed MoU with Shenzhen Stock Exchange.

The complete report of MOEX’s November financial results can be seen below:

Total trading volume across Moscow Exchange’s markets was RUB 69.7 trln in November 2018.

Trading volumes grew on the Bond Market (+54%), Commodities Market (+32.3%), Derivatives Market (+9.2%), FX Market (+7.9% in spot) and Money Market (+2.1%).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market in November 2018 increased by 28.1% to RUB 2,931.5 bln (November 2017: RUB 2,288.7 bln), hereinafter exclusive of overnight bonds.

Turnover in shares, RDRs and investment fund units was RUB 912.1 bln (November 2017: RUB 977.2 bln). The average daily turnover was RUB 43.4 bln (November 2017: RUB 46.5 bln).

Turnover in corporate, regional and sovereign bonds was RUB 2,019.4 bln (November 2017: RUB 1,311.5 bln). The average daily trading volume (ADTV) was RUB 96.2 bln (November 2017: RUB 62.5 bln).

54 new bond issues with a combined value of RUB 1,831.2 bln (of which overnight bonds accounted for RUB 429.5 bln) were placed in November 2018.

Derivatives Market

Derivatives Market volumes increased by 9.2% to RUB 8.2 trln (November 2017: RUB 7.5 trln) or 139.2 mln contracts (November 2017: 138.2 mln), of which 133.5 mln contracts were futures and 5.7 mln contracts were options. ADTV was RUB 388.7 bln (November 2017: RUB 356.1 bln).

Open interest at the end of the month reached RUB 549.2 bln (November 2017: RUB 930.5 bln).

FX Market

FX Market turnover was RUB 26.8 trln (November 2017: RUB 27.3 trln), with spot trades increasing by 7.9% to RUB 7.1 trln and swap trades and forwards totaling RUB 19.7 trln.

The FX Market’s ADTV was RUB 1,274.4 bln (USD 19.2 bln), compared to RUB 1,298.4 bln (USD 22 bln) in November 2017.

Money Market

Money Market turnover grew 2.1% to RUB 30.3 trln (November 2017: RUB 29.7 trln). ADTV was RUB 1,443.3 bln (November 2017: RUB 1,413.3 bln).

Commodities Market

Total trading volumes on the Commodities Market in November 2018 grew by 32.3% to RUB 14.0 bln.

Turnover in precious metals (spot and swaps) was RUB 7.6 bln (November 2017: RUB 9.6 bln), of which RUB 7.5 bln (2.9 t) was gold and RUB 95.5 mln (3.1 t) was silver.

The total trading volume of agricultural products (grain and sugar) was RUB 6.4 bln (November 2017: RUB 1.0 bln). ADTV was RUB 304.1 mln (November 2017: RUB 46.3 mln).

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