Moscow Exchange FX volumes dip 1.5% MoM to RUB 25.5 trln

Moscow Exchange (MOEX) announced trading volumes for August 2016. Total trading volumes increased by 14.3% YoY to RUB 72.0 trln.

The Money Market and Bond Market posted the strongest growth, with volumes increasing 107.8% and 19.0% YoY, respectively.

FX Market

FX Market turnover was RUB 25.5 trln (August 2015: RUB 31.7 trln, July 2016: RUB. 25.9 trln), including spot trades totalling RUB 7.9 trln as well as swap trades and forwards together amounting to RUB 17.6 trln.

The FX Market’s average daily turnover was RUB 1,109.7 bln (USD 17.1 bln) compared to RUB 1,508.3 bln in August 2015.

Equity and Bond Market

Total volume of trading on the Equity and Bond Market was RUB 1,531.1 bln (August 2015: RUB 1,547.7 bln).

Secondary market turnover in shares, RDRs and investment fund units was RUB 640.3 bln (August 2015: RUB 799.2 bln). The average daily turnover was RUB 27.8 bln in August 2016 (August 2015: RUB 38.1 bln).

Secondary corporate, regional and sovereign bond turnover totalled RUB 890.7 bln (August 2015: RUB 748.5 bln). The average daily turnover was RUB 38.7 bln (August 2015: RUB 35.6 bln).

A total of 20 new bond issues with a combined value of RUB 204.3 bln were placed in August.

Derivatives Market

Derivatives Market volumes amounted to RUB 9.1 trln (August 2015: RUB 11.7 trln), or 160.0 mln contracts (August 2015: 188.8 mln contracts), of which 154.9 mln contracts were futures and 5.1 mln contracts were options.

Substantial changes in the structure of the Derivatives Market took place; in particular commodities futures trading volumes grew by 3.4 times YoY.

Open interest at the end of the month was RUB 702.9 bln (August 2015: RUB 695.3 bln).


Money Market

Money Market turnover increased by 107.8% YoY and totalled RUB 31.4 trln (August 2015: RUB 15.1 trln). The average daily turnover was RUB 1,365.1 bln (August 2015: RUB 719.6 bln).

The volume of repo transactions with the CCP was RUB 17.4 trln (August 2015: RUB 5.8 trln), while the average daily turnover increased 2.8 times YoY to RUB 756.5 bln.

Precious Metals Market

Precious Metals Market trading volumes reached RUB 10.3 bln. Turnover was RUB 10.3 bln (3.7t) for gold and RUB 13.2 mln (333.3kg) for silver.

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