December 2023 Market Trading Volumes Skyrocket YoY at Moscow Exchange

Moscow Exchange (MOEX), the largest exchange group in Russia, has released its key trading metrics for December 2023, reporting a total trading volume across the exchange's markets of RUB 139.6 trillion (trln), jumping 47.6% compared to RUB 94.6 trln in December 2022. 

Moreover, the total trading volume for the full year 2023 was RUB 1.3 quadrillion, 18.2% higher than RUB 1.1 quadrillion for 2022.

Trading Overview for December 2023

Equity & Bond Market

• Total trading volume on the Equity and Bond Market in December 2023 was RUB 4,893.7 billion (bln), increasing 16.3% compared to RUB 4,206.9 bln in December 2022, hereinafter excluding overnight bonds.

• Trading volume in shares, DRs, and investment fund units was RUB 2,094 bln, soaring 165.4% from RUB 789 bln in the same period of 2022. ADTV was RUB 99.7 bln for the month.

• Trading volume in corporate, regional, and sovereign bonds was RUB 2,800 bln, a decrease of 18.1% compared to RUB 3,418 bln in the year-ago month. ADTV was RUB 133.3 bln for the month.

• 113 new bond issues with a combined value of RUB 3,289 bln (of which overnight bonds accounted for RUB 1,712.3 bln) were placed in December 2023.

Derivatives Market

• The trading volume jumped 85.8% from RUB 4,741 bln in December 2022 to RUB 8,808 bln for the month. 

• ADTV was RUB 419.4 bln for the last month of 2023.

FX Market

• The trading volume was RUB 38,659 bln, up 84.0% YoY (December 2022: RUB 21,005 bln), with spot trades reaching RUB 11,621 bln and swap trades and forwards totaling RUB 27,038 bln.

• ADTV for the month was RUB 1,840.9 bln.

Money Market

• Money Market turnover was RUB 85,433 bln for the month, rising 34.8% compared to RUB 63,372 bln in December 2022. ADTV was RUB 4,068.3 bln.

• The CCP-cleared repo segment reached RUB 36,653 bln, including the GCC repo segment which totalled RUB 26,088 bln.

Precious Metals Market

• Turnover in precious metals (spot and swaps) jumped 201.6% from RUB 19.0 bln in December 2022 to RUB 57.3 bln, of which RUB 56.6 bln (9.8 t) was gold and RUB 0.7 bln (9.8 t) was silver.