Moscow Exchange’s FX Market turnover up 6% in April

Total trading volume across Moscow Exchange (MOEX)’s markets rose by 9.1% in April 2018 to RUB 77.4 trln, the exchange has announced.

All main markets showed turnover growth: the Equity Market by 83.5%, the Bond Market by 33.2%, the Derivatives Market by 24.7%, the Money Market by 7.6% and the FX Market by 6.3%.

The number of trading days in April 2018 was 22 (versus 20 trading days in April 2017).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market rose by 50.6% to RUB 3,135.4 bln (April 2017: RUB 2,082.4 bln), hereinafter exclusive of short-term bonds.

Turnover in shares, RDRs and investment fund units increased by 83.5% to RUB 1,317.8 bln (April 2017: RUB 718.2 bln). The average daily turnover was RUB 59.9 bln (April 2017: RUB 35.9 bln).

Turnover in corporate, regional and sovereign bonds increased by 33.2% to RUB 1,817.7 bln (April 2017: RUB 1,364.2 bln). The average daily trading volume (ADTV) was RUB 82.6 bln (April 2017: RUB 68.2 bln).

58 new bond issues with a combined value of RUB 1,554.6 bln (of which overnight bonds accounted for RUB 994.4 bln) were placed in April.

Derivatives Market

Derivatives Market volumes grew by 24.7% to RUB 8.2 trln (April 2017: RUB 6.6 trln) or 139.5 mln contracts (April 2017: 120.3 mln), of which 132.5 mln contracts were futures and 7.0 mln contracts were options.

Open interest at the end of the month reached RUB 663.6 bln (April 2017: RUB 699.6 bln).

FX Market

FX Market turnover increased by 6.3% to RUB 31.8 trln (April 2017: RUB 29.9 trln). The volume of spot trades totalled RUB 9.0 trln (up 56.9%) and swap trades and forwards together totalled RUB 22.8 trln (down 5.8%).

The FX Market’s average daily turnover was RUB 1,446.2 bln (USD 23.9 bln) compared to RUB 1,496.9 bln (USD 26.5 bln) in April 2017.

Money Market

Money Market turnover increased by 7.6% to RUB 31.7 trln (April 2017: RUB 29.5 trln). ADTV was RUB 1,441.6 bln (April 2017: RUB 1,473.9 bln).

The share of CCP-cleared GCC repo, the rapidly developing market segment, increased to 19.8% (RUB 4.2 trln in absolute values) of the total CCP repo turnover.

Commodities Market

Total turnover in precious metals (spot trades and swaps) amounted to RUB 7.3 bln (April 2017: RUB 10.2 bln), of which RUB 7.3 bln (2.7 t) was gold and RUB 29.9 mln (904.8 kg) was silver. The gold spot turnover was RUB 1.0 bln (April 2017: RUB 0.2 bln).

The total trading volume of agricultural products (grain and sugar) was RUB 3.1 bln in April.

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