Moscow Exchange Sees 14.6% MoM Increase in FX Markets for February 2023

Moscow Exchange, the largest exchange group in Russia, has released key trading metrics for February 2023, seeing the total trading volume amounted to RUB 83.6 trln, an increase of 1.6% compared to RUB 82.3 trln in January 2023.

All comparisons below are with January 2023.

Almost all MOEX markets rose, with the Bond Market (up 76.0%), Equity Market (up 34.4%), Derivatives Market (up 24.2%), FX Market (up 14.6%) and Precious Metals Market (up 6.4%) leading the way.

Equity & Bond Market

• Total trading volume on the Equity and Bond Market in February 2022 increased by 55.5% to RUB 2,487.9 bln (February 2023: RUB 1,599.7 bln) hereinafter excluding overnight bonds.

• Trading volume in shares, DRs and investment fund units rose by 34.4% to RUB 1,058.6 bln (January 2023: RUB 787.8 bln). ADTV was RUB 55.7 bln (January 2021: RUB 37.5 bln).

• Turnover in corporate, regional and sovereign bonds grew by 76.0% to RUB 1,429.3 bln (January 2023: RUB 812.0 bln). ADTV was RUB 75.2 bln (January 2023: RUB 38.7 bln).

• 59 new bond issues with a combined value of RUB 1,290.7 bln (of which overnight bonds accounted for RUB 532.4 bln) were placed in February 2023.

Derivatives Market

• Derivatives Market trading volume grew by 24.2% to RUB 4.3 trln (January 2023: RUB 3.5 trln). ADTV was RUB 228.7 bln (January 2023: RUB 166.5 bln).

FX Market

• FX Market trading volume grew by 14.6% to RUB 19.4 trln (January 2023: RUB 16.9 trln). Spot trading volumes increased by 25.2% to RUB 6.9 trln, and swap trades and forwards were RUB 12.5 trln.

• ADTV was RUB 1,019.0 bln (January 2023: RUB 804.8 bln).

Money Market

• Money Market turnover was RUB 56.8 trln (January 2023: RUB 59.3 trln). ADTV was RUB 2,990.7 bln (January 2023: RUB 2,825.1 bln).

• The CCP-cleared repo segment reached RUB 19.1 trln, including the GCC repo segment which increased by 5.0% to RUB 10.9 trln.

Precious Metals Market

• Turnover in precious metals (spot and swaps) added 6.4% to RUB 12.9 bln (January 2023: RUB 12.1 bln), of which RUB 12.4 bln (2.9 t) was gold and RUB 0.5 bln (7.5 t) was silver.