Moscow Exchange Derivatives Market grows by 8% in H1 2013

Moscow Exchange Derivatives Market grows by 8% in H1 2013

The total value traded on Moscow Exhange"s Derivatives Market grew by 8% year-on-year (YoY) to RUB26.4 tn in H1 2013. The number of active accounts reached 31,012 as of the end of June. Average daily trading volume of all derivatives instruments was up 13.9% YoY to reach RUB221 bn.

Commodity derivatives
In H1 2013, trading volume of commodity derivatives grew by 61% YoY to RUB741 bn. Gold and Brent oil were the most popular instruments, with trading volume reaching RUB333.6 bn and RUB327.4 bn, respectively. Average daily trading volumes of these instruments were RUB2.8 bn and RUB2.7 bn, respectively.

FX derivatives
In H1 2013, FX derivatives were traded for a total value of RUB8.6 tn, up 64% compared with H1 2012. The most popular instrument was the USD/RUB FX contract, with the June average daily trading volume reaching a record USD2.3 bn. Trading volume of all of Moscow Exchange"s FX derivatives amounted to RUB6.5 tn, up 45.9% YoY.

Equity derivatives
Moscow Exchange"s equity derivatives declined by 8% YoY in trading volume in H1 2013. Total trading volume of index and equity derivatives was RUB17.08 tn. Average daily trading volume was RUB142.4 bn.

Options
Moscow Exchange"s options trading volume amounted to RUB2.0 tn, up 35.8% YoY, in H1 2013. The average daily value traded reached RUB17.0 bn, up 42.6% YoY. Trading volume of FX options grew by record 218% YoY to RUB77.8 bn. Trading volume in options on Russian companies" shares was RUB57 bn, up 70% YoY. Trading volume in index options was RUB1.9 tn, up 32.4% YoY.

NOTES TO EDITORS

About the Moscow Exchange

OJSC Moscow Exchange MICEX-RTS ("MOEX") operates Russia"s largest public trading markets for equity, bond, derivative, foreign exchange and money market products as well as Russia"s Central Securities Depository (CSD) and the country"s largest clearing service provider, National Clearing Centre. In the year ended December 31, 2012, it ranked among the world"s top-20 exchanges for equity trading by market capitalization and among the top-ten exchanges for bond trading by trading volume (by value) and for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 697 issuers listed on its securities exchange, including many of Russia"s largest companies.

The Moscow Exchange was formed in December 2011 as a result of a merger between Russia"s two main exchange groups. The merger brought together MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia, and the RTS Group, at the time the operator of Russia"s leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Following the merger the Company became an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange completed an initial public offering of its shares on February 15, 2013.

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