Forex revenues were up 19% Y/Y, led by forex swaps The Russian operator for financial securities, the Moscow Exchange, has announced today its Q3 results. While quarterly revenues and profits were lower than in the second quarter, they were certainly higher than a year ago. Strategic developments announced in the past couple of months will…
Read moreIntroduces changes to FX collateral rules to its derivatives market A brand new methodology for calculating a volatility index has been introduced by the Moscow Exchange. It will be compiled based on feedback from market participants instead of mathematical methods of volatility calculations. According to the Moscow Exchange this will mean a more accurate evaluation…
Read moreNew currency pairs for which rates are provided, including EUR/USD and CNY/RUB Starting today the Moscow Exchange has announced that it is changing the methodology of calculation of Moscow FX fixings, and in addition to the already priced USD/RUB, it introduces fixing prices for EUR/RUB, EUR/USD and CNY/RUB. The move comes at a time when…
Read moreHard to believe it is November already, and October FX trading volumes are beginning to pour in. First to report this month is the Moscow Exchange, which reports a 5% decline in October volume metrics from September levels, at RUB 13.8 trillion ($430 billion) for the month. Moscow Exchange volumes are, as one would expect,…
Read moreBank Of Russia will introduce G-20 regulations regarding derivatives contracts in about 18 months. Starting today, the Moscow exchange has a central clearing mechanism for derivatives contracts, and there is wide speculation that it will become mandatory in 18 months. According to newly installed regulatory head Sergey Shvetsov, it will bring additional transparency to the…
Read moreOne small step for NASDAQ, one giant leap for Russian technology companies. NASDAQ OMX (NASDAQ:NDAQ) and Moscow Exchange have just signed a deal that brings smiles to the faces of the Russian tech community. A co-operation between the exchanges is exciting news for the Russian technology and biotech sectors. The aim of the agreement is…
Read moreQuotes of the new instruments are set in Russian rubles per gram and trades are settled in RUB. This week marks another historical announcement from the Moscow Exchange – starting today the clearer's FX Market trading platform will allow settling of transactions of Gold and Silver on the Moscow Exchange. The central counterparty and clearing…
Read moreThe ETF is trading in US Dollars and Russian Rubles – cross listed on the Irish Stock Exchange. Moscow Exchange started offering shares of the first physical gold ETF in the country – FinEx Physically held Gold ETF. The fund's holdings are stored in a vault in London and the instrument will be using London's…
Read moreOverall volumes on the Moscow Exchange were up 5% in September. Well it seems as if Russian traders decided to take an extra long summer break this year. September FX trading volumes on the Moscow Exchange were down 2% from August to total RUB 14.6 trillion (about $453 billion). However, as the Moscow Exchange continues…
Read moreOverall volumes on the Moscow Exchange were down 11% in August, but up 23% from last year. Not surprisingly, Russian traders love their (short) summers, and again this August headed for the hills (and beaches), sending trading volumes on the Moscow Exchange down by 11% from July. However, as the Moscow Exchange continues to add…
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