04.08.2014 16:04

Moscow Exchange's turnover at RUB 44.2 trln in July 2014

Moscow Exchange's turnover reached RUB 44.2 trln in July 2014, an increase compared to the same period last year (July 2013: RUB 43.9 trln). The largest turnover was shown by the FX market (up 37% YoY), Equity Market (up 18% YoY), Money Market in repo with the CCP (up 16% YoY), as well as Precious Metals Market. Records were seen in open interest for currency instruments on the Derivatives Market, turnover in long-term swaps and Chinese yuan for roubles on the FX Market, and repo with the CCP on the Money Market.      

Equity & Bond Market

Secondary market turnover in stocks, RDRs, and investment fund units came to RUB 810.3 bln (July 2013: RUB 686.4 bln). The average daily turnover grew to RUB 35.2 bln (July 2013: RUB 29.8 bln).

Secondary corporate and sovereign bond turnover was RUB 765.9 bln (July 2013: RUB 1,046.2 bln). The average daily turnover was RUB 33.3 bln (July 2013: RUB 45.5 bln).

A total of 10 new bond issues with a combined value of RUB 92.2 bln were placed during July.

Derivatives Market

Derivatives Market turnover was RUB 4.1 trln in July 2014 (July 2013: RUB 3.9 trln), or 99.5 mln contracts (July 2013: 95.1 mln contracts), of which RUB 3.8 trln were futures and RUB 0.3 trln were options.

Open interest was RUB 455.5 bln at the end of July (July 2013: RUB 385.3 bln).

Open interest in USD/RUB FX futures reached a record RUB 179.3 bln (or 4.9 mln contracts) on 30 July. Overall open interest in FX instruments on the day saw a record RUB 223.9 bln or 6.3 mln contracts.

FX Market

FX Market turnover increased to RUB 20.2 trln (July 2013: RUB 14.7 trln), including spot trades of RUB 5.5 trln and swap trades of RUB 14.7 trln. The FX market's average daily turnover was RUB 878.0 bln (USD 25.3 bln).

A record RUB 311.0 bln of long-term swaps was traded in July. USD/RUB FX swaps with 1W and 2W maturities were the most popular instruments. The previous record of RUB 278.5 bln was set in January 2014.

A record CNY 665.6 mln, or RUB 3.8 bln, of yuan was traded on 31 July.

Money Market 

Money Market turnover totalled RUB 18.2 trln (July 2013: RUB 23.4 trln). The average daily turnover was RUB 792.6 bln (July 2013: RUB 1,017 bln). The drop in trading volumes was due primarily to changes to the structure of direct repo trades with the Bank of Russia: 1D repo was replaced with 7D.

The volume of repo transactions with the CCP rose 16% MoM to a record RUB 2.2 trln (July 2013: RUB 256.6 bln). The average daily turnover was RUB 96.2 bln.

Precious Metals Market

Trading in precious metals totalled RUB 993.5 mln in July. Turnover was 674.3 kg of gold and 282.9 kg of silver. Forty five organisations participate in the Precious Metals Market: 36 banks and nine investment companies. Moscow Exchange launched the market in late 2013.

More detailed market statistics are available on Moscow Exchange's website.

For further information, please contact the Public Relations Department at (495) 363-3232.

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