Moscow Exchange Sees 37% YoY Increase in Total Trading Volumes for July 2023

Moscow Exchange, the largest exchange group in Russia, has released its key trading metrics for July 2023, seeing the total trading volumes across the exchange amounted to RUB 103.7 trillion (trln), 37% higher than RUB 75.7 trln in July 2022 and 7% higher than RUB 97.3 trln in June 2023.

All comparisons below are with July 2022.

In July, growth leaders were the Equity Market (up 2.5 times), Bond Market (up 2.3 times), FX Market (58%), Money Market (30%) and Precious Metals Market (up 5.3 times).

Equity & Bond Market

• Total trading volume on the Equity and Bond Market in July 2023 was up 2.4 times % to RUB 3,602.5 billion (bln) (July 2022: RUB 1,492.7 bln), hereinafter excluding overnight bonds.

• Trading volume in shares, DRs and investment fund units grew 2.5 times to RUB 1,949 bln (July 2022: RUB 767.7 bln). ADTV was RUB 92.8 bln (July 2022: RUB 36.6 bln).

• Turnover in corporate, regional and sovereign bonds grew 2.3 times to RUB 1,653.4 bln (July 2022: RUB 725.0 bln). ADTV was RUB 78.7 bln (July 2022: RUB 34.5 bln).

• 68 new bond issues with a combined value of RUB 2,357.5 bln (of which overnight bonds accounted for RUB 1,370.0 bln) were placed.

Derivatives Market

• The trading volume was RUB 6 trln (July 2022: RUB 6.4 trln). ADTV was RUB 287.3 bln (July 2022: RUB 304.4 bln).

FX Market

• FX Market trading volume grew by 58% to RUB 27.4 trln (July 2022: RUB 17.3 trln). Spot trading volumes increased by 5.1% to RUB 8.6 trln, and swap trades and forwards were RUB 18.8 trln.

• ADTV was RUB 1,305.6 (July 2022: RUB 824.9 bln).

Money Market

• Money Market turnover grew 30% to RUB 65.2 trln (July 2022: RUB 50.2 trln). ADTV was RUB 3,106.8 bln (July 2022: RUB 2,389.6 bln).

• The CCP-cleared repo segment added 36.7% to reach RUB 32.4 trln, including the GCC repo segment which increased by 48.8% to RUB 18.1 trln.

Precious Metals Market

• Turnover in precious metals (spot and swaps) was up 5.3 times to RUB 53.5 bln (July 2022: RUB 10.1 bln), of which RUB 52.5 bln (9.5 t) was gold and RUB 1.0 bln (13.0 t) was silver.