Forex volumes at Moscow Exchange surge 32% M/M in June

Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX), the biggest venue for trading shares and derivatives in Russia, has just reported its operating metrics for June 2015.

In the face of the fact that the summer has started and the month was marked by a set of holidays in Russia, the Exchange managed to register some solid results, with Forex market being among the strongest performers.

Forex Market

  • The monthly FX market turnover rose 32% from May 2015 levels and reached RUB 27.9 trillion, including spot trades of RUB 7.9 trillion and swap trades of RUB 20 trillion.
  • The monthly result was 59.5% higher than in June 2014, when FX volumes amounted to RUB 17.5 trillion,
  • The FX Market’s average daily turnover was RUB 1.33 trillion (USD 24.4 billion), up 14% from May 2015 levels.
  • The ADV seen in June 2015 compared favorably with RUB 873.4 billion seen in June 2014.


And now let’s take a look at the fortunes of the other segments of MOEX:

Equity & Bond Market

Secondary market turnover in stocks, RDRs and investment fund units was RUB 704.8 billion. (June 2014: RUB 762.2bln). The average daily turnover was RUB 33.6 billion (June 2014: RUB 38.1 bln).

Secondary corporate, regional and sovereign bond turnover was RUB 665.8 billion (June 2014: RUB 614.8 bln). The average daily turnover was RUB 31.7 billion (June 2014: RUB 30.7 bln).

A total of 39 new bond issues with a combined value of RUB 212.3 billion were placed in June.

Derivatives Market

Derivatives Market volumes surged 87.3% from June 2014 levels to RUB 6.6 trillion (June 2014: RUB 3.5 trln), or 125.9 million contracts (June 2014: 85.4 million contracts), of which 121.5 million contracts were futures and 4.4 million contracts were options.

Open interest at the end of the month was RUB 440.1 billion (June 2014: RUB 406.6 billion).

Money Market

Money Market turnover amounted to RUB 17.5 trillion (June 2014: RUB 14.6 trln). The average daily turnover was RUB 834.8 billion (June 2014: RUB 731.7 bln).

The volume of repo transactions with the CCP was RUB 4.6 trln (June 2014: RUB 1.9 trln), with the average daily turnover increasing by 130% YoY to RUB 221.0 bln.

Precious Metals Market

Trading volumes on the Precious Metals Market increased 21.6 times to RUB 8.1 bln. Turnover was RUB 8.1 billion (3.9 t) for gold and RUB 4.1 million (143.7 kg) for silver. Fifty-seven companies (47 banks and 10 investment companies) traded on the precious metals market last month.

To view the official announcement on MOEX’s June metrics, click here.

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