Exchange-traded FX was certainly stable during November 2014, with Moscow Exchange having today announced its monthly trading metrics for the month.
Overall FX volume at Moscow Exchange during November amounted to 18.7 trillion including spot trades of RUB 6.9 trillion and swap trades of RUB 11.8 trillion, down from the 21.7 trillion rubles achieved in October this year.
This equated to substantial average daily volume of 986.6 billion (USD 21.5 billion) which although lower than the previous month’s results if using the US dollar as a yardstick, however higher than the 944.4 billion rubles ($23.1 billion) in October if, as well as the 850.3 billion ($22.4 billion) in September this year if using the volatile ruble as a base currency with which to view the results.
As Russia’s prominent trading venue continues to develop its connectivity and presence on the world stage, and ruble liquidity remains in continued demand, it is clear that Moscow Exchange has been able to benefit from riding the wave of volatility in the sovereign currency of its domestic market.
For the full announcement from Moscow Exchange, click here.