Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX), set a trading volume record with the Chinese yuan / Russian ruble (CNY/RUB) pair on August 24, 2015, the so-called “Black Monday”.
Trading volumes with CNY/RUB reached CNY 1.95 billion (RUB 21.4 billion) on August 24, 2015, marking an absolute record.
The monthly yuan trading volume in August was also a record one – it amounted to CNY 18.4 billion, marking a fourfold rise against August 2014 levels and the highest level since trading with the Chinese yuan was first introduced at MOEX in the end of 2010.
MOEX has also registered an increased interest by traders in the HKD/RUB pair, which joined the lineup of trading instruments in December 2014. The trading volumes with this instrument rose to RUB 548 million in August 2015, the highest reading since the Exchange started offering this pair.
Judging from data obtained from Forex companies so far, trading activity last month got a significant boost from “Black Monday” events. Most companies have reported a rise in trading volumes in monthly terms, whereas some, like Hotspot, have even registered one of their strongest trading days on August 24, 2015.
To view the official announcement by MOEX, click here.