Moscow Exchange Sees 7.2% Operating Income Rise in Q1 2021

Fazzaco learned that Moscow Exchange (MOEX) has released its financial results for the first quarter of 2021, showing a jump of 7.2 percent in operating income compared to Q1 of 2020.

According to the official announcement, the total Fee and Commission (F&C) income of MOEX stood at RUB 9,252.9 million, up 17 percent compared to the same period in 2020. The total net profit rose by 15.8 percent to RUB 6,835.3 million in Q1 2021 compared to Q1 2020.

Chief Executive Officer of Moscow Exchange, Yury Denisov, said: "Moscow Exchange had a successful start to the year: trading volumes grew across most markets and we delivered strong financial results. The Exchange continues to actively develop its product line and expand opportunities for all types of investors. The launch of the morning session on the FX and Derivatives Markets had a positive impact on volumes and significantly improved access to our platform for investors in the eastern parts of Russia as well as participants in Asia. We have now made it possible to trade currencies with an order size of just one USD or one EUR.”

​Fazzaco recently reported that MOEX has provided opportunities to trade the world's major currencies with order sizes starting from one US dollar or euro, with a new micro-lot of one cent in the respective currency. Additionally, the exchange reported that total trading volumes​ across its markets was RUB 90.4 trillion in March 2021.