Ruble volatility sends Moscow Exchange FX trading to record volumes

Moscow Exchange’s Derivatives Market saw record volumes on 30 October on the back of increased FX Market volatility and the strengthening ruble. “Derivatives Market instruments, particularly FX futures and options, are especially relevant at the moment as they allow for hedging against FX risks”, said Moscow Exchange Derivatives Market Managing Director Roman Sulzhyk.

The total trading volume on 30 October was RUB 617 billion, or 13.8 million contracts, a record since the Derivatives Market was launched (the previous record had been set in September 2012). October”s average daily trading volume was RUB 245 billion.

USD/RUB futures trading totaled RUB 362.4 billion, or 8.4 million contracts, on 30 October. Options on USD/RUB futures reached a record volume of RUB 69.2 billion, or 1.5 million contracts.

Open interest on the Derivatives Market totaled RUB 717 billion, 18.1 million contracts, at the end of the trading day, of which RUB 387 billion, or 11.2 million contracts, was FX futures.

Open interest in FX options was RUB 266.1 billion (USD 6.2 billion), or 6 million contracts.


USD/RUB chart courtesy of SEB where yesterday’s price action hammered out the biggest one day decline on record.

For the full announcement from Moscow Exchange, click here.

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