The report season continues. Moscow Exchange ranks among the world’s top 20 exchanges by total capitalization of shares traded, and also among the 10 largest exchange platforms for bonds and derivatives trading. The Russian Exchange has now reported its trading volumes for April 2015. The highest level of activity for last was experienced in the FX Market and Derivatives Market. Both increased 38.1% YoY and 48.7% respectively. Trading volume on precious metals also increased dramatically, rising almost ten times on a year on year.
Accordingly, the following metrics have been released Equity & Bond Market turnover in stocks, RDRs and investment fund units in the secondary markets amounted to RUB 911.2 bln (April 2014: RUB 952.1 bln) and the average daily turnover was RUB 41.4 bln (April 2014: RUB 43.3 bln). Secondary corporate, regional, and sovereign bond turnover amounted to RUB 742.3 bln (April 2014: RUB 759.4 bln). The average daily turnover was RUB 33.7 bln (April 2014: RUB 34.5 bln). A total of 24 new bond issues with an aggregate value of RUB 191.9 bln were also placed in April.
FX trading activities via Moscow exchange resulted in a turnover grew by 38.1% to RUB 25.7 trln (April 2014: RUB 18.6 trln). Of this amount, spot trades amounted to RUB 7.9 trln and swap trades of RUB 17.7 trln. The average daily turnover was RUB 1,166.8 bln (USD 22.1 bln), higher than the RUB 845.1 bln in April 2014.
The volumes from the Derivatives Market increased by 48.7% YoY to RUB 6.3 trln (April 2014: RUB 4.3 trln), or 129.1 mln contracts (April 2014: 107.3 mln contracts), of which 126.2 mln contracts were futures and 2.9 mln contracts were options. Open interest at month end of amounted to RUB 363.4 bln (April 2014: RUB 540.2 bln).
As for the Precious Metals Market, trading volumes on this increased 990% to RUB 6.1 bln. A turnover of RUB 6.0 bln (3 t) was reported for gold and RUB 0.8 mln (32.3 kg) for silver. Fifty-two companies (43 banks and nine investment companies) participated in the market.
And the Money Market turnover totalled RUB 17.5 trln (April 2014: RUB 17.0 trln) with the average daily turnover as RUB 794.6 bln (April 2014: RUB 774.9 bln). The volume of repurchase transactions with the CCP was RUB 4.4 trln (April 2014: RUB 1.5 trln), and the average daily turnover increasing by 200% YoY to RUB 198.4 bln.
The Moscow Exchange is the major liquidity and price discovery centre for Russian instruments, hosting trading in equities, bonds, derivatives, currencies, money market instruments and commodities. The Group also includes Russia’s central securities depository “the National Settlement Depository” and the National Clearing Centre, which performs the function of central counterparty.