Moscow Exchange sees FX turnover rise 3% MoM in July 2015

Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX), the biggest Russian venue for trading shares, derivatives and currencies, earlier today posted its operating metrics for July 2015.

After some very solid results in June 2015, the Exchange saw even stronger results in July 2015, particularly in the Forex segment, as monthly Forex turnover reached RUB 28.8 trillion, surpassing the June 2015 achievement of RUB 27.9 trillion.

As usual, we start our review with the results of the Forex segment:

  • The monthly Forex turnover in July 2015 was RUB 28.8 trillion, up 3.23% from the result of RUB 27.9 trillion recorded in June 2015.
  • The monthly Forex turnover in July 2015 was 43% higher than in July 2014.
  • Average daily Forex volumes were RUB 1.25 trillion in July 2015, down 6% from June 2015, when Forex ADVs stood at RUB 1.33 trillion.
  • Average daily Forex volumes in July 2015 were 42% stronger than in July 2014.


And now let’s examine the fortunes of the other trading segments.

Equity & Bond Market

Secondary market turnover in stocks, RDRs and investment fund units was RUB 689.3 billion, down from RUB 810.3 billion recorded a year earlier. The average daily turnover was RUB 30.0 billion, down from RUB 35.2 billion recorded in July 2014.

Derivatives Market

Derivatives Market volumes rose 83.5% to RUB 7.6 trillion from July 2014, when the volumes stood at RUB 4.1 trillion. Out of 139.8 million contracts traded in July 2015, 136.1 million contracts were futures and 3.7 million contracts were options.

Money Market

Money Market turnover totalled RUB 16.5 trillion in July 2015 (July 2014: RUB 18.2 trillion). The average daily turnover was RUB 715.6 billion (July 2014: RUB 792.6 billion).

The volume of repo transactions with the CCP was RUB 5.5 trillion (July 2014: RUB 2.2 trillion), with the average daily turnover increasing by 150% YoY to RUB 238.6 billion.

Precious Metals Market

Trading volumes on the Precious Metals Market increased nearly 10 times to RUB 9.6 billion. Turnover was RUB 9.5 billion(4.5 t) for gold and RUB 0.5 million (19.9 kg) for silver.

To view the official announcement by MOEX on its operating metrics for July 2015, click here.

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