FX Volumes at Moscow Exchange Rise in November YoY

​Moscow Exchange, one of the largest exchange platforms for derivatives trading globally, reported that its total trading volumes in November 2020 grew by 30% to RUB 81.4 trln, covering the Derivatives Market (+93.5%), Equity Market (+71.8%), Bond Market (+42.5%), FX Market (+22.1%) and Money Market (+19.0%).

MOEX's total FX volumes for November posted RUB 27.3 trillion, up 22.1 percent from the RUB 22.3 trillion in November 2019, with spot trades growing 101.2% to RUB 9.4 trln and swap trades and forwards totaling RUB 17.9 trln.

Further, the FX Market's ADTV was RUB 1,363.6 bln , compared to RUB 1,116.8 bln in November 2019.

Total trading volumes on the Equity and Bond Market in November 2020 rose by 55.0% to RUB 5,289.8 bln (November 2019: RUB 3,412.4 bln), hereinafter excluding overnight bonds.

Derivatives Market volumes increased by 93.5% to RUB 12.2 trln (November 2019: RUB 6.3 trln) or 180.8 mln contracts (November 2019: 107.8 mln), of which 176.6 mln contracts were futures and 4.2 mln contracts were options.

In Money Market, the turnover grew 19.0% to RUB 35.2 trln (November 2019: RUB 29.6 trln). ADTV was RUB 1,758.6 bln (November 2019: RUB 1,477.7 bln).

Most recently, the exchange unveiled a new FX algorithmic trading service in a major upgrade to its infrastructure, which comes amid Kremlin-backed efforts to make MOEX one of the world's leading financial hubs.