Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX), the biggest Russian venue for trading shares, derivatives and Forex, earlier today posted its operating metrics for September 2015.
After Forex volumes marked a solid rise in August, September continued the positive trend, with Forex volumes rising in both monthly and annual terms. More interestingly, spot trade volumes were lower than in August, but that was compensated by a steep surge in swap trade volumes, which reached a record high.
- Monthly FX turnover at MOEX was RUB 34.6 trillion ($523 billion) in September 2015, up 9.2% from the RUB 31.7 trillion registered in August 2015. In annual terms, the increase was even more pronounced at 84.5%.
- The volume of swap trades was RUB 24 trillion, whereas the volume of spot trades was RUB 10.5 trillion.
- The FX Market’s average daily turnover was RUB 1.57 trillion, up from the result of RUB 1.51 trillion registered in August 2015 and also up from the ADV of RUB 850.3 billion reported in September 2014.
And now let’s examine the results of the other trading segments.
Equity & Bond Market
Secondary market turnover in stocks, RDRs and investment fund units was RUB 735.4 billion, (September 2014: RUB 762.9 billion). The average daily turnover was RUB 33.4 billion (September 2014: RUB 34.7 billion).
Derivatives Market
Derivatives Market volumes surged 102.5% from September 2014 levels to RUB 10.7 trillion, or 173.2 million contracts, of which 168.6 million contracts were futures and 4.6 million contracts were options.
Money Market
Money Market turnover totalled RUB 17.9 trillion last month (September 2014: RUB 18.3 trillion). The average daily turnover was RUB 813.3 billion (September 2014: RUB 830.5 billion).
Precious Metals Market
Trading volumes on the Precious Metals Market rose 5.1 times from September 2014 to RUB 10.6 billion. Turnover was RUB 10.6 billion (4.4 t) for gold and RUB 1.6 million (49.2 kg) for silver.
To view the official announcement from MOEX, click here.