Overall volumes on the Moscow Exchange were down 11% in August, but up 23% from last year.
Not surprisingly, Russian traders love their (short) summers, and again this August headed for the hills (and beaches), sending trading volumes on the Moscow Exchange down by 11% from July. However, as the Moscow Exchange continues to add products and sign cooperation agreements, its volumes continue to trend upwards on a year-over-year basis, with August 2013 volume metrics 23% above August 2012.
One bright spot in August 2013 numbers, however, was FX trading. Forex volumes were still up slightly (1%) in August over July, totaling RUB 14.9 trillion ($447 billion) in the month.
Stay tuned to LeapRate for all August forex industry trading volume metrics, as they become available over the next few days and weeks.
For the complete Moscow Exchange press release click here.