Moscow Exchange: Turnover increases 50% YoY in March


FX market turnover in February was RUB 23.0 trln (more than double March 2013’s RUB 10.1 trln)

FX market turnover on the Moscow Exchange in March was RUB 23.0 trln (more than double March 2013″s RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%). The FX market’s average daily turnover was RUB 1.2 trln, or USD 30 bln, a historical record.

For February, we reported last month volumes for FX contracts had spiked to an all-time high of RUB 17.8 trillion. The surge in FX volumes on the exchange can be party be attributed to the tussle between Russia and the West over the sovereignty of Ukraine. The FX turnover has now hit two more all time highs in daily turnover average and highest record on month.

You can view the whole report below:

Equities & Bonds

Secondary market turnover in stocks, RDRs, and investment fund units totalled RUB 1,320 bln (March 2013: RUB 691 bln). The average daily turnover was RUB 66.01 bln (March 2013: RUB 34.55 bln).

Corporate and sovereign bond turnover was RUB 957 bln (March 2013: 1,135 bln). The average daily turnover was RUB 47.85 bln (March 2013: RUB 56.75 bln).

A total of seven new bond issues with a combined value of RUB 31 bln were placed during March.

Derivatives

Derivatives market turnover was RUB 5.2 trln (March 2013: RUB 4.6 trln), or 131 mln contracts (March 2013: 104 mln contracts), of which RUB 4.9 trln were futures and RUB 353 bln were options.

Open interest was RUB 421 bln at the end of the month (March 2013: RUB 346 bln), having reached an historical high of 684 bln contracts before March expiration.

FX market

FX market turnover in February was RUB 23.0 trln (more than double March 2013″s RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%).
The FX market’s average daily turnover was RUB 1.2 trln, or USD 30 bln, an historical record.

Money market 

Money market turnover totalled RUB 15.7 trln (March 2013: RUB 14.1 trln). The average daily turnover was RUB 785 bln (March 2013: 707 bln).

The volume of repo transactions with the CCP reached a record RUB 1.4 trln. Average daily turnover was RUB 68 bln. A record RUB 93 bln of repo with the CCP was reached on 3 March, with around 210 participants making trades.

Courtesy: Moscow Exchange

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Moscow Exchange: Turnover increases 50% YoY in March

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