Moscow Exchange's turnover increases 50% YoY in March
Moscow Exchange's turnover increased 50% YoY in March to RUB 46.2 trln.
Equities & Bonds
Secondary market turnover in stocks, RDRs, and investment fund units totalled RUB 1,320 bln (March 2013: RUB 691 bln). The average daily turnover was RUB 66.01 bln (March 2013: RUB 34.55 bln).
Corporate and sovereign bond turnover was RUB 957 bln (March 2013: 1,135 bln). The average daily turnover was RUB 47.85 bln (March 2013: RUB 56.75 bln).
A total of seven new bond issues with a combined value of RUB 31 bln were placed during March.
Derivatives
Derivatives market turnover was RUB 5.2 trln (March 2013: RUB 4.6 trln), or 131 mln contracts (March 2013: 104 mln contracts), of which RUB 4.9 trln were futures and RUB 353 bln were options.
Open interest was RUB 421 bln at the end of the month (March 2013: RUB 346 bln), having reached an historical high of 684 bln contracts before March expiration.
FX market
FX market turnover in February was RUB 23.0 trln (more than double March 2013's RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%).
The FX market's average daily turnover was RUB 1.2 trln, or USD 30 bln, an historical record.
Money market
Money market turnover totalled RUB 15.7 trln (March 2013: RUB 14.1 trln). The average daily turnover was RUB 785 bln (March 2013: 707 bln).
The volume of repo transactions with the CCP reached a record RUB 1.4 trln. Average daily turnover was RUB 68 bln. A record RUB 93 bln of repo with the CCP was reached on 3 March, with around 210 participants making trades.
NOTES TO EDITORS
About 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. At the end of 2012, it ranked among the world's top-20 exchanges for equity trading by market capitalization and among the top-10 for bond trading by trading volume and for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 716 issuers listed on its securities exchange, including many of Russia's largest companies.
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 15 February 2013.
For further information, please contact the Public Relations Department at (495) 363-3232.
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