Russian exchange operator Moscow Exchange announced Q3 results today, including an 8% quarter-over-quarter rise in Revenues (16% year-over-year) to RUB 7.3 billion (about $153 million), and a 17% QoQ rise in net income (42% YoY) to RUB 4.1 billion ($85 million).
Exchange management cited FX trading as the main contributor to growth, as Ruble volatility (and general weakness) encouraged trading. Fee & Commission Revenue from the FX Market increased 26% YoY to RUB 817 million, while trading volumes rose 26% YoY to RUB 55.9 trillion. Spot trading volumes grew 14% YoY.
Moscow Exchange ranks among the world’s top 25 exchanges by value of securities traded, and among the 10 top exchanges for bonds and derivatives trading. Moscow Exchange was formed in 2011 as a result of a merger between Russia’s two main exchange groups — MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, at the time the operator of Russia’s leading derivatives market.
To see the complete press release on Moscow Exchange Q3 results click here.