Moscow Exchange registers 22.8% MoM drop in Forex volumes in November

Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian marketplace for currencies, stocks and derivatives, has just published its operating metrics for November 2015.

In tune with what the rest of the industry has shown so far, MOEX’s data also pointed to a decline in Forex trading activity in monthly terms.

Forex market turnover amounted to RUB 23.7 trillion ($353.3bn) in November 2015, down 22.8% from the result of RUB 30.7 trillion registered in October 2015. On the brighter side, the FX turnover in November 2015 was 26.6% higher than in November 2014.

The result for last month included spot FX trades of RUB 8.6 trillion and swap FX trades of RUB 15.1 trillion.


Let’s take a look at the performance of the other MOEX markets in November 2015:

Equity & Bond Market

Secondary market turnover in stocks, RDRs and investment fund units totalled RUB 801.2 billion, up from the result of RUB 751.4 billion registered in November 2014. The average daily turnover was RUB 40.1 billion, also higher than the RUB 39.5 billion in ADV registered a year earlier.

Derivatives Market

Derivatives Market volumes rose 21.7% from November 2014 and reached RUB 9.3 trillion , or 159.8 million contracts, of which 154.7 million contracts were futures and 5 million contracts were options.

Open interest at the end of the month was RUB 610.8 billion.

Money Market

Money Market turnover totalled RUB 18.1 trillion in November 2015, markedly higher from the result of RUB 15.4 trillion registered in November 2014. The average daily turnover was RUB 904.3 billion, up from RUB 808.3 billion reported for November 2014.

Precious Metals Market

Trading volumes on the Precious Metals Market surged fourfold year-on-year to RUB 10.2 billion . The turnover was RUB 10.2 billion (4.5 t) for gold and RUB 4.1 million (137 kg) for silver.

To view the official announcement from MOEX on its November 2015 operating metrics, click here.

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