Moscow Exchange registers 9.2% MoM rise in average daily FX volumes in January 2016

Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian trading venue for currencies, stocks and derivatives, has just published its operating metrics for January 2016.

The average daily FX volumes for the first month of the new year amounted to RUB 1.54 trillion, up 9.22% from the reading for December 2015. The average daily volume is a good criterion for comparing performance in December and January, as the latter is usually filled with holidays and, hence, the monthly result is strongly affected.

MOEX said the monthly Forex volumes amounted to RUB 27.7 trillion in January 2016, down 10.4% month on month and up 93.7% year on year.

The volume of spot trades was RUB 12 trillion, whereas the volume of swap trades was RUB 15.7 trillion.


Let’s take a look at the other segments:

  • Equity & Bond Market

Secondary market turnover in stocks, RDRs and investment fund units was RUB 685.9 billion, down from the reading of RUB 724.4 billion a year earlier. MOEX attributed the lower total trading volumes to fewer trading days than last year (18 trading days in January 2015 vs 19 in January 2016). The average daily turnover was RUB 38.1 billion in January 2016, the same as last year.

Secondary corporate, regional and sovereign bond turnover was RUB 624.1 billion (January 2015: RUB 273.5 billion). The average daily turnover was RUB 34.7 billion (January 2015: RUB 14.4 billion).

  • Derivatives Market

Derivatives Market volumes surged to RUB 10.6 trillion, marking more than a twofold rise from January 2015 when the volumes amounted to RUB 4.1 trillion. Open interest at the end of the month was RUB 707.8 billion, up from RUB 633 billion registered in January 2015.

  • Money Market

Money Market turnover increased by 42.3% year on year and totalled RUB 18.3 trillion, up from RUB 12.9 trillion in January 2015. The average daily turnover was RUB 1.016 trillion.

  • Precious Metals Market

Trading volumes on the Precious Metals Market increased 5.7 times year on year to RUB 11.8 billion. Turnover was RUB 11.8 billion (4.2 t) for gold and RUB 5.4 million (150.4 kg) for silver.

You can view the full announcement from MOEX by clicking here.

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