Overall volumes on the Moscow Exchange were up 5% in September.

Well it seems as if Russian traders decided to take an extra long summer break this year. September FX trading volumes on the Moscow Exchange were down 2% from August to total RUB 14.6 trillion (about $453 billion). 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 September 2013 volume metrics 38% above September 2012.

Stay tuned to LeapRate for all September forex industry trading volume metrics, as they become available over the next few days and weeks.

For the complete Moscow Exchange press release detailing September volumes click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.