Moscow Exchange’s FX Market turnover down 17% YoY in November

moex volumes report

Moscow Exchange (MOEX) has announced its financial results for November 2019. Total trading volume across Moscow Exchange’s markets was RUB 62.6 trln last month, a decline of 10% from last year’s RUB 69.7 trln. Equity Market helped the most, up 59.6%.

The number of trading days in November 2019 was 20 (21 trading days same period last year).

Equity & Bond Market

Total trading volumes were up 16.4%YoY to RUB 3,412.4 bln (November 2018: RUB 2,931.5 bln), hereinafter excluding overnight bonds.

Turnover in shares, RDRs and investment fund units was up 59.6%, a record since 2011. ADTV rose with 67.5% to RUB 72.8 bln (same period last year: RUB 43.4 bln).

Turnover in corporate, regional and sovereign bonds was RUB 1,957.1 bln, a slight drop from November 2018 result – RUB 2,019.4 bln. ADTV was RUB 97.9 bln (same period last year: RUB 96.2 bln).

Eighty-one new bond issues with a combined value of RUB 1,553.4 bln were placed in November 2019.

Derivatives Market

Derivatives Market volumes were RUB 6.3 trln, a 23% drop YoY. ADTV was RUB 315.5 bln (November 2018: RUB 388.7 bln). Standartised OTC Derivatives Market turnover was RUB 10.2 bln.

Open interest was up 47% YoY to RUB 805.9 bln.

FX Market

FX Market turnover was down 17% YoY last month to RUB 22.3 trln, with spot trades totaling RUB 4.7 trln. Swap trades and forwards totaled RUB 17.7 trln in November.

The Euro/US Dollar currency pair were up 86.5% to RUB 1.2 trln (November 2018: RUB 627.8 bln).

The FX Market’s ADTV was RUB 1,116.8 bln (USD 17.5 bln), compared to RUB 1,274.4 bln (USD 19.2 bln) in November 2018.

Money Market

Money Market turnover was down YoY last month to RUB 29.6 trln. ADTV totaled RUB 1,477.7 bln (same period last year: RUB 1,443.3 bln).

Repo transaction volume cleared by the CCP was RUB 17.1 trln. The CCP-cleared GCC repo segment turnover added 1.3% to RUB 3.4 trln.

Commodity Market

Turnover in precious metals (spot and swaps) was RUB 0.6 bln (same period last year: RUB 7.6 bln) – RUB 0.6 bln (0.21 t) was gold and RUB 3.3 mln (1.26 t) was silver.

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