MOEX Sees a 28.6% Surge in FX Market Volumes for March 2022

Moscow Exchange (MOEX), Russia's largest exchange group, has posted its trading volumes for March 2022, which were characterized by a FX market trading volume of RUB 41.0 trillion, representing a 28.6% surge compared to RUB 31.9 trillion in March 2021.

The number of trading days in March 2022 was 6 on the Equity Market, 9 on the Bond Market, 20 on the Derivatives Market, 21 on the FX and Precious Metals Markets, and 22 on Money Market.

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In the period, total trading volumes across MOEX's markets was RUB 154.5 trillion (RUB 90.4 in March 2021).

FX Market

The FX market's spot trades amounted to RUB 8.3 trillion; swap trades and forwards totalled RUB 32.7 trillion; ADTV was RUB 1,952.8 billion (USD 18.9 billion), compared to RUB 1,449.8 billion (USD 19.5) in March 2021.

Equity & Bond Market

Total trading volume on the Equity and Bond Market in March was RUB 635.3 billion (March 2021: RUB 4,408.7 billion), hereinafter excluding overnight bonds.

Trading volume in shares, DRs and investment fund units was RUB 445.2 billion (March 2021: RUB 2,671.3 billion). ADTV was RUB 74.2 billion (March 2021: RUB 121.4 billion).

Trading volume in corporate, regional and sovereign bonds was RUB 190.1 billion (March 2021: RUB 1,737.4 billion). ADTV was RUB 21.1 billion (March 2021: RUB 79.0 billion).

Derivatives Market volumes was RUB 2.3 trillion (March 2021: RUB 16.4 trillion) or 26.2 mln contracts (March 2021: 221.9 mln) of which 25.2 mln contracts were futures and 1.0 mln contracts were options. ADTV was RUB 116.3 billion (March 2021: RUB 747.0 billion).

Open interest at the end of the month was RUB 281.1 billion (March 2021: RUB 737.0 billion).

Standardized OTC Derivatives Market volume grew 1.4 times and reached RUB 274.3 billion.

Money Market

Money Market turnover grew almost threefold to RUB 110.3 trillion (March 2021: RUB 37.0 trillion). ADTV was RUB 5,013.1 billion (March 2021: RUB 1,683.8 billion).

The CCP-cleared repo segment added 20.3% to reach RUB 26.8 trillion, including the GCC repo segment which increased twofold to RUB 12.8 trillion.

Precious Metals Market

Turnover in precious metals (spot and swaps) was RUB 6.4 billion (March 2021: RUB 24.1 billion), of which RUB 6.1 billion (1.0 t) was gold and RUB 0.3 billion (3.6 t) was silver.