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The Moscow Exchange (MOEX) reported it’s monthly metrics for August today and the largest turnover increase was in equities (15.5%), FX (13.9%), derivatives (10.1%), CCP repo on the money market (16%), and precious metals. Below is the breakdown by asset class including FX.
FX Market turnover is down 15.8% MoM from July’s 20.2 trln RUB but increased YoY to RUB 17.0 trln for a 14% increase (August 2013: RUB 14.9 trln) including spot trades of RUB 5.1 trln and swap trades of RUB 11.9 trln.
The FX market’s average daily turnover was RUB 807.8 bln (USD 22.4 bln).
Equity & Bond Market
Secondary market turnover in stocks, RDRs, and investment fund units rose to RUB 680.4 bln (August 2013: RUB 591.6 bln). The average daily turnover increased to RUB 32.4 bln (August 2013: RUB 26.9 bln).
Secondary corporate, regional, and sovereign bond turnover was RUB 628.4 bln (August 2013: RUB 902.5 bln). The average daily turnover was RUB 29.9 bln (August 2013: RUB 41.0 bln).
A total of 7 new bond issues with a combined value of RUB 45.0 bln were placed in August.
Derivatives Market turnover was RUB 3.9 trln (August 2013: RUB 3.5 trln), or 99.4 mln contracts (August 2013: 81.9 mln contracts), of which RUB 3.6 trln were futures and RUB 0.2 trln were options.
Open interest was RUB 522.6 bln at the end of August (August 2013: RUB 433.4 bln).
Money Market turnover totalled RUB 15.5 trln (August 2013: RUB 18.9 trln). The average daily turnover was RUB 737.3 bln (August 2013: RUB 857.5 bln).
The volume of repo transactions with the CCP was RUB 2.2 trln. The average daily turnover grew to RUB 104.8 bln.
The volume of interdealer repo with Eurobonds transactions went up 117% to reach RUB 282.2 bln (July 2013: RUB 130.4 bln). Total trading volume of interdealer repo with foreign securities (Eurobonds, DRs and shares) grew 19% to RUB 686.8 bln (July 2013: RUB 576.6 bln).
Precious Metals Market
Trading in precious metals totalled RUB 1.5 bln in August. Turnover was 984.7 kg of gold and 435.5 kg of silver. Forty six organisations participated on the Precious Metals Market, namely 37 banks and nine investment companies. Moscow Exchange”s Precious Metals Market was launched at the end of 2013.