Moscow Change (MOEX) has launched its monetary outcomes for the second quarter of 2023, reporting RUB 1.6 billion in charges and fee revenue from the overseas change (foreign exchange) market. The determine jumped 10 p.c quarter-over-quarter and 39.8 p.c year-over-year.
The revenue from the FX market was generated because the buying and selling quantity within the FX market reached RUB 66.7 billion, which is a rise of 9.5 p.c and 19.4 p.c quarterly and yearly, respectively. The spot volumes elevated 8.1 p.c, and swap volumes improved 26.8 p.c.
The change highlighted that the “efficient charge dynamics is defined by the brand new tariff construction that went dwell in Aug ’22.”
A Worthwhile Quarter
Total, the working revenue of the Russian change for the three months got here in at RUB 20.89 billion, which is 10 p.c decrease than the earlier quarter however 5 p.c greater than the earlier 12 months. Whereas the charges and fee revenue of the Russian change jumped 48.1 p.c year-over-year to RUB 11.93 billion, the web curiosity revenue (NII) decreased 23.8 p.c to RUB 8.9 billion, with the core NII down 23.4 p.c.
The pre-tax revenue of MOEX improved 46.7 p.c year-over-year to RUB 15.1 billion. Nevertheless, it slipped 15.3 p.c from the earlier quarter. The change ended the quarter netting RUB 12.1 billion.
The official announcement at present (Wednesday) highlighted that the cost-to-income ratio of the change improved 0.9 share factors to twenty-eight.3 p.c.
MOEX is the biggest monetary markets change in Russia. In addition to FX, it presents buying and selling in equities, cash markets, and derivatives markets. It additional generates income from depository and settlement providers and different further providers like IT, itemizing, market, and extra.
Charges and commissions revenue from the equities skyrocketed 246.6 p.c year-over-year to RUB 1.6 billion. Bond market revenue additionally elevated 191.8 p.c, whereas the cash market managed to leap 23.2 p.c.
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Moscow Change (MOEX) has launched its monetary outcomes for the second quarter of 2023, reporting RUB 1.6 billion in charges and fee revenue from the overseas change (foreign exchange) market. The determine jumped 10 p.c quarter-over-quarter and 39.8 p.c year-over-year.
The revenue from the FX market was generated because the buying and selling quantity within the FX market reached RUB 66.7 billion, which is a rise of 9.5 p.c and 19.4 p.c quarterly and yearly, respectively. The spot volumes elevated 8.1 p.c, and swap volumes improved 26.8 p.c.
The change highlighted that the “efficient charge dynamics is defined by the brand new tariff construction that went dwell in Aug ’22.”
A Worthwhile Quarter
Total, the working revenue of the Russian change for the three months got here in at RUB 20.89 billion, which is 10 p.c decrease than the earlier quarter however 5 p.c greater than the earlier 12 months. Whereas the charges and fee revenue of the Russian change jumped 48.1 p.c year-over-year to RUB 11.93 billion, the web curiosity revenue (NII) decreased 23.8 p.c to RUB 8.9 billion, with the core NII down 23.4 p.c.
The pre-tax revenue of MOEX improved 46.7 p.c year-over-year to RUB 15.1 billion. Nevertheless, it slipped 15.3 p.c from the earlier quarter. The change ended the quarter netting RUB 12.1 billion.
The official announcement at present (Wednesday) highlighted that the cost-to-income ratio of the change improved 0.9 share factors to twenty-eight.3 p.c.
MOEX is the biggest monetary markets change in Russia. In addition to FX, it presents buying and selling in equities, cash markets, and derivatives markets. It additional generates income from depository and settlement providers and different further providers like IT, itemizing, market, and extra.
Charges and commissions revenue from the equities skyrocketed 246.6 p.c year-over-year to RUB 1.6 billion. Bond market revenue additionally elevated 191.8 p.c, whereas the cash market managed to leap 23.2 p.c.
MetaQuotes caps product activation; Swissquote’s portfolios; learn at present’s information nuggets.
