The Moscow Exchange Reports Another Drop in FX Trading Volume in October 2021

Fazzaco learned that Russia' s largest exchange group Moscow Exchange (MOEX) reported on Tuesday its trading metrics for October 2021, showing that the total trading volume across all markets has fallen to RUB 84.9 trillion, down from RUB 89.7 trillion in the same period last year. The report highlighted that the growth leaders in October were the equity, derivatives, standardized OTC derivatives, and precious metal markets.

According to the report, the number of trading days in October 2021 was 21 (versus 22 in October 2020). Under such a premise, the Equity Market still witnessed a rise of 75.6%, the Derivatives Market 4.5%, the Standardized OTC Derivatives Market 8.2 times, and the Precious Metals Market 2.1 times.

MOEX noted that the total trading volume on the Equity and Bond Market in October was RUB 4,502.5 bln (October 2020: RUB 4,530.7 bln), hereinafter excluding overnight bonds. Moreover, trading volume in shares, DRs and investment fund units rose by 75.6% to RUB 3,019.6 bln (October 2020: RUB 1,719.4 bln). ADTV climbed 84.0% to RUB 143.8 bln (RUB 78.2 billion in OctoAber 2020).

"Trading volume in corporate, regional, and sovereign bonds was RUB 1,482.9 bln (October 2020: RUB 2,811.3 bln). ADTV was RUB 70.6 bln (October 2020: RUB 127.8 bln). Eighty-six new bond issues with a combined value of RUB 811.3 bln (of which overnight bonds accounted for RUB 262.4 bln) were placed in October 2021," MOEX noted in the trading metrics.

The currency market trading volume in the exchange group was RUB 24.9 trillion in October, compared to RUB 29.9 trillion in the same period of 2020. Its ADTV was RUB 1,184.9 billion, down from RUB 1,358.5 billion in the same period last year. 

In terms of the Derivatives Market, the trading volume reached RUB 13.2 trln in October, increasing from RUB 12.6 trln the same period last year. ADTV was RUB 628.8 bln, jumping from 574.6 bln. Open interest at the end of the month increased by 44.8% to RUB 966.5 bln (October 2020: RUB 667.6 bln).