Moscow Exchange reports a record 42% MoM rise in March volumes

The Russian market operator Moscow Exchange Group (MOEX) reported a RUB 98.8 trillion in trading volumes, a record 42.3% increase MoM (RUB 69.4 in February 2020). Compared to last year, there is a 48.8% rise.

Derivatives market registered the most growth MoM with 48.5%, followed by Equity market with 31%, Money market with 23% and FX Market with 11%.

moex moscow exchange

Equity & Bonds Market

The total turnover for equity and bonds markets reached 31% MoM rise, reaching RUB 5,183.7 billion (RUB 3,951.4 billion for February 2020).

In shares, RDRs and investment fund units leaped with 83%  MoM growth with RUB 3,080.7 billion (RUB 1,683.1 billion for January 2020), while ADTV reached a 65% increase with RUB 146.7 billion (RUB 88.6 billion for February 2020).

Regional and sovereign bonds marked a 7% MoM decrease with RUB 2,103.0 billion (RUB 2,269.3 for February 2020). ADTV dropped by 25% MoM, reporting RUB 100.1 billion (RUB 119.4 billion for February 2020).

Seventy new bonds issues were placed in March 2020 with total value of RUB 1,243.9 billion (RUB 1,561.3 billion in overnight bonds).

Derivatives Market

RUB 15.6 trillion (RUB 10.5 trillion for  February 2020) are attributed to derivatives and market volumes, marking a 48.5% growth. Futures contracts account for 273.2 million with a 57.5% growth MoM (173.4 million for February 2020) and options for 5.5 million. ADTV was RUB 744.7 billion, making over a 35% MoM increase (RUB 550.0 billion for February 2020).

Open interest at the end of the month amounted to RUB 407.0 billion (RUB 738.8 billion for February 2020).

FX Market

The total trading volume of the FX market was RUB 36.3 trillion (RUB 24.1 trillion for February 2020). Spot trades accounted for RUB 11.7 trillion (up by 62% MoM) and swap trades and forwards to RUB 24.6 trillion (up by 65.5%). ADTV amounted to RUB 1,727.1 billion (USD 23.6 billion) in comparison to February 2020 when it was RUB 1,270.1 billion (USD 19.9 billion).

Money Market

The trading volume for the money market grew with over 11% MoM, reaching RUB 40.4 trillion (RUB 36.3 trillion for February 2020). ADTV was RUB 1,923.1 billion (RUB 1,547.9 billion for January 2020). The CCP-cleared GCC repo segment trading volume grew by 47.6% MoM to RUB 6.2 trillion.

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