Moscow Exchange announced that the number of individuals with accounts has grown by almost 1.2 million people year-to-date and now it has reached 10 million.
Last year, 5 million new retail investors opened brokerage accounts, more than all previous years together. Over the last six years, the number of retail investors trading on the exchange has increased ten-fold.
The ten-millionth account was opened by Tinkoff Bank in the Irkutsk Region.
The exchange noted that the most active banks in opening retail investment accounts are Sberbank (4.20 million), Tinkoff Bank (4.19 million), VTB (1.23 million), BCS (0.63 million) and Alfa Bank (0.56 million).
The Russian exchange said that its retail client base is mostly interested in trading equities and 42% of its total turnover comes from there. The derivative market is also popular, also generating 42% of the yearly turnover. The bonds and FX markets account for 10.5% and 14%, respectively.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.