MOEX Sees Decline in Trading Volumes as FX and Money Markets Shrink

The Moscow Exchange (MOEX), the largest exchange group in Russia, released its monthly trading report this Monday. MOEX ended May with a slight downturn in total month-on-month trading volume.

At the end of April, the exchange saw a total trading volume of RUB 77.4 trillion ($1.25 trillion). In May, this figure decreased to RUB 71.1 ($1.15 trillion), meaning there was an 8 percent decrease in total trading for the firm.

This decline was in part explained by a downturn in trading in the equities and bond markets. In April, the firm finished the month with RUB 3.13 trillion ($50 billion) in equities and bond trading. At the end of last month, this number had declined to RUB 2.49 trillion ($40 billion) – a 20.4 percent decrease.

Small dips in FX and money markets

There was a similar downturn in the derivatives markets. At the end of May, the firm had a total derivatives trading volume of RUB 6.7 trillion ($110 billion). This marked an 18 percent decline on April in which the firm finished with RUB 8.2 trillion ($130 billion) worth of derivatives trading.

In the FX markets, there was also a notable decrease in trading activity. At the end of April, the Russian exchange had a total FX trading volume of RUB 31.8 trillion ($510 billion). This number decreased in May to RUB 30.2 trillion ($490 billion) – a 5 percent decline.

The money markets, the largest part of MOEX’s business along with FX, also saw a slight decline in May. MOEX saw a total trading volume of RUB 31.7 trillion ($510 billion) in money markets this April. That figure declined by approximately 4 percent to RUB 30.4 trillion in May.

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