Russia’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October


The
total volume of forex traded on the Moscow Exchange, Russia’s largest exchange
group, declined by -24% to RUB 14.9 trillion in October 2022.

In
September, the turnover of the market came in at RUB 19.5 trillion.

The
average daily volume (ADV) of the forex market also dropped -19% to RUB 710.3
billion, MOEX disclosed on Wednesday in its trading volume statistics for October 2022 published on Wednesday.

Giving
a further breakdown of the forex market, MOEX noted that while spot trading
volumes came in at RUB 7.6 trillion, that of swap trades and forwards touched down at
RUB 11.5 trillion.

Compared
to September figures, these volumes dropped -5% to RUB 8.0 trillion and -37% to
RUB 7.3 trillion in October 2022, respectively.

Meanwhile,
Finance Magnates reports that spot forex ADVs from major trading venues dropped across the board in October 2022.

The
volumes also slumped on CME Group’s EBS spot forex venue and on FXSpotStream, a provider of multibank FX
aggregation services for spot FX trading.

Other
MOEX Markets

Apart
from the forex market, trading turnover on the equity and bond, derivatives,
and precious metals markets of MOEX also declined in October. Only the money
market posted growth in the past month.

Total
trading volume on the equity and bond market declined -22% to RUB 1.95 trillion
from RUB 2.51 trillion in September.

Furthermore,
trading in shares, depository receipts, and investment fund units slumped -31%
to RUB 1.01 trillion from RUB 1.45 trillion in September.

In
the derivatives market, while the total trading turnover dropped -23% to RUB
3.6 trillion, the ADV also slumped -21% to RUB 169.1 billion. In
September, the volumes reached RUB 4.7 trillion and RUB 214.6 billion,
respectively.

Contrary
to the other markets, MOEX’s money market turnover improved by 6.8% from RUB
46.9 trillion in September to RUB 50.1 trillion last month.

The
ADV of the market also boosted by 12% to RUB 2.4 trillion, up from September’s
RUB 2.1 trillion.

In
the precious metals market, trading turnover, spot and swaps trades
included, declined -18% to RUB 10.7 billion, down from RUB 13.1 billion in
September.

Of
these figures, RUB 10.5 billion was gold, and RUB 0.2 billion was silver, MOEX
said.

Meanwhile, across all markets, MOEX’s total trading volume went down by -3.5% to RUB 71.7 trillion, falling from RUB 74.3 trillion recorded in September 2022.

The
total volume of forex traded on the Moscow Exchange, Russia’s largest exchange
group, declined by -24% to RUB 14.9 trillion in October 2022.

In
September, the turnover of the market came in at RUB 19.5 trillion.

The
average daily volume (ADV) of the forex market also dropped -19% to RUB 710.3
billion, MOEX disclosed on Wednesday in its trading volume statistics for October 2022 published on Wednesday.

Giving
a further breakdown of the forex market, MOEX noted that while spot trading
volumes came in at RUB 7.6 trillion, that of swap trades and forwards touched down at
RUB 11.5 trillion.

Compared
to September figures, these volumes dropped -5% to RUB 8.0 trillion and -37% to
RUB 7.3 trillion in October 2022, respectively.

Meanwhile,
Finance Magnates reports that spot forex ADVs from major trading venues dropped across the board in October 2022.

The
volumes also slumped on CME Group’s EBS spot forex venue and on FXSpotStream, a provider of multibank FX
aggregation services for spot FX trading.

Other
MOEX Markets

Apart
from the forex market, trading turnover on the equity and bond, derivatives,
and precious metals markets of MOEX also declined in October. Only the money
market posted growth in the past month.

Total
trading volume on the equity and bond market declined -22% to RUB 1.95 trillion
from RUB 2.51 trillion in September.

Furthermore,
trading in shares, depository receipts, and investment fund units slumped -31%
to RUB 1.01 trillion from RUB 1.45 trillion in September.

In
the derivatives market, while the total trading turnover dropped -23% to RUB
3.6 trillion, the ADV also slumped -21% to RUB 169.1 billion. In
September, the volumes reached RUB 4.7 trillion and RUB 214.6 billion,
respectively.

Contrary
to the other markets, MOEX’s money market turnover improved by 6.8% from RUB
46.9 trillion in September to RUB 50.1 trillion last month.

The
ADV of the market also boosted by 12% to RUB 2.4 trillion, up from September’s
RUB 2.1 trillion.

In
the precious metals market, trading turnover, spot and swaps trades
included, declined -18% to RUB 10.7 billion, down from RUB 13.1 billion in
September.

Of
these figures, RUB 10.5 billion was gold, and RUB 0.2 billion was silver, MOEX
said.

Meanwhile, across all markets, MOEX’s total trading volume went down by -3.5% to RUB 71.7 trillion, falling from RUB 74.3 trillion recorded in September 2022.



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