FX trading activity at Moscow Exchange increases by another 16.8% in April


Moscow Exchange has today announced its trading volumes for April 2015.

The Derivatives Market and FX Market saw the highest levels of activity, a remarkable dynamic being that FX trading volumes increased by 16.8% compared with March, which was a strong month in itself, with a 12.2% increase over February.

March this year heralded buoyant volumes across many companies and trading venues, whilst trading activity among many FX firms and exchanges has remained steady in April, with some companies having experienced a very minor decline in volumes. Moscow Exchange bucks that trend.

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Trading volumes on the Precious Metals Market jumped by almost 10 times compared to last year.

FX Market

FX Market turnover grew 16.2% in April, to RUB 25.7 trln compared to RUB 22 trillion in March, representing a 38% increase over April 2014’s RUB 18.6 trln. This activity including spot trades of RUB 7.9 trln and swap trades of RUB 17.7 trln.

The FX Market’s average daily turnover was RUB 1,166.8 bln (USD 22.1 bln) compared to RUB 845.1 bln in April 2014.

Equity & Bond Market

Secondary market turnover in stocks, RDRs and investment fund units was RUB 911.2 bln (April 2014: RUB 952.1 bln). The average daily turnover was RUB 41.4 bln (April 2014: RUB 43.3 bln).

Secondary corporate, regional, and sovereign bond turnover was RUB 742.3 bln (April 2014: RUB 759.4 bln). The average daily turnover was RUB 33.7 bln (April 2014: RUB 34.5 bln).

A total of 24 new bond issues with a combined value of RUB 191.9 bln were placed in April.

Derivatives Market

Derivatives Market volumes rose 48.7% YoY to RUB 6.3 trln (April 2014: RUB 4.3 trln), or 129.1 mln contracts (April 2014: 107.3 mln contracts), of which 126.2 mln contracts were futures and 2.9 mln contracts were options.

Open interest at the end of the month was RUB 363.4 bln (April 2014: RUB 540.2 bln).

Money Market

Money Market turnover totalled RUB 17.5 trln (April 2014: RUB 17.0 trln). The average daily turnover was RUB 794.6 bln (April 2014: RUB 774.9 bln).

The volume of repo transactions with the CCP was RUB 4.4 trln (April 2014: RUB 1.5 trln), with the average daily turnover increasing by 200% YoY to RUB 198.4 bln.

Precious Metals Market

Trading volumes on the Precious Metals Market increased 990% to RUB 6.1 bln. Turnover was RUB 6.0 bln (3 t) for gold and RUB 0.8 mln (32.3 kg) for silver. Fifty-two companies (43 banks and nine investment companies) participated in the market. The Exchange launched trading in precious metals in October 2013.

For the official announcement from Moscow Exchange, click here.

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FX trading activity at Moscow Exchange increases by another 16.8% in April

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