Russia’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October

by Jeremy

The
complete quantity of foreign exchange traded on the Moscow Change, Russia’s largest change
group, declined by -24% to RUB 14.9 trillion in October 2022.

In
September, the turnover of the market got here in at RUB 19.5 trillion.

The
common day by day quantity (ADV) of the foreign exchange market additionally dropped -19% to RUB 710.3
billion, MOEX disclosed on Wednesday in its buying and selling quantity statistics for October 2022 printed on Wednesday.

Giving
an extra breakdown of the foreign exchange market, MOEX famous that whereas spot buying and selling
volumes got here in at RUB 7.6 trillion, that of swap trades and forwards touched down at
RUB 11.5 trillion.

In contrast
to September figures, these volumes dropped -5% to RUB 8.0 trillion and -37% to
RUB 7.3 trillion in October 2022, respectively.

In the meantime,
Finance Magnates stories that spot foreign exchange ADVs from main buying and selling venues dropped throughout the board in October 2022.

The
volumes additionally slumped on CME Group’s EBS spot foreign exchange venue and on FXSpotStream, a supplier of multibank FX
aggregation companies for spot FX buying and selling.

Different
MOEX Markets

Aside
from the foreign exchange market, buying and selling turnover on the fairness and bond, derivatives,
and treasured metals markets of MOEX additionally declined in October. Solely the cash
market posted progress previously month.

Complete
buying and selling quantity on the fairness and bond market declined -22% to RUB 1.95 trillion
from RUB 2.51 trillion in September.

Moreover,
buying and selling in shares, depository receipts, and funding fund items slumped -31%
to RUB 1.01 trillion from RUB 1.45 trillion in September.

In
the derivatives market, whereas the whole buying and selling turnover dropped -23% to RUB
3.6 trillion, the ADV additionally slumped -21% to RUB 169.1 billion. In
September, the volumes reached RUB 4.7 trillion and RUB 214.6 billion,
respectively.

Opposite
to the opposite markets, MOEX’s cash market turnover improved by 6.8% from RUB
46.9 trillion in September to RUB 50.1 trillion final month.

The
ADV of the market additionally boosted by 12% to RUB 2.4 trillion, up from September’s
RUB 2.1 trillion.

In
the valuable metals market, buying and selling turnover, spot and swaps trades
included, declined -18% to RUB 10.7 billion, down from RUB 13.1 billion in
September.

Of
these figures, RUB 10.5 billion was gold, and RUB 0.2 billion was silver, MOEX
mentioned.

In the meantime, throughout all markets, MOEX’s complete buying and selling quantity went down by -3.5% to RUB 71.7 trillion, falling from RUB 74.3 trillion recorded in September 2022.

The
complete quantity of foreign exchange traded on the Moscow Change, Russia’s largest change
group, declined by -24% to RUB 14.9 trillion in October 2022.

In
September, the turnover of the market got here in at RUB 19.5 trillion.

The
common day by day quantity (ADV) of the foreign exchange market additionally dropped -19% to RUB 710.3
billion, MOEX disclosed on Wednesday in its buying and selling quantity statistics for October 2022 printed on Wednesday.

Giving
an extra breakdown of the foreign exchange market, MOEX famous that whereas spot buying and selling
volumes got here in at RUB 7.6 trillion, that of swap trades and forwards touched down at
RUB 11.5 trillion.

In contrast
to September figures, these volumes dropped -5% to RUB 8.0 trillion and -37% to
RUB 7.3 trillion in October 2022, respectively.

In the meantime,
Finance Magnates stories that spot foreign exchange ADVs from main buying and selling venues dropped throughout the board in October 2022.

The
volumes additionally slumped on CME Group’s EBS spot foreign exchange venue and on FXSpotStream, a supplier of multibank FX
aggregation companies for spot FX buying and selling.

Different
MOEX Markets

Aside
from the foreign exchange market, buying and selling turnover on the fairness and bond, derivatives,
and treasured metals markets of MOEX additionally declined in October. Solely the cash
market posted progress previously month.

Complete
buying and selling quantity on the fairness and bond market declined -22% to RUB 1.95 trillion
from RUB 2.51 trillion in September.

Moreover,
buying and selling in shares, depository receipts, and funding fund items slumped -31%
to RUB 1.01 trillion from RUB 1.45 trillion in September.

In
the derivatives market, whereas the whole buying and selling turnover dropped -23% to RUB
3.6 trillion, the ADV additionally slumped -21% to RUB 169.1 billion. In
September, the volumes reached RUB 4.7 trillion and RUB 214.6 billion,
respectively.

Opposite
to the opposite markets, MOEX’s cash market turnover improved by 6.8% from RUB
46.9 trillion in September to RUB 50.1 trillion final month.

The
ADV of the market additionally boosted by 12% to RUB 2.4 trillion, up from September’s
RUB 2.1 trillion.

In
the valuable metals market, buying and selling turnover, spot and swaps trades
included, declined -18% to RUB 10.7 billion, down from RUB 13.1 billion in
September.

Of
these figures, RUB 10.5 billion was gold, and RUB 0.2 billion was silver, MOEX
mentioned.

In the meantime, throughout all markets, MOEX’s complete buying and selling quantity went down by -3.5% to RUB 71.7 trillion, falling from RUB 74.3 trillion recorded in September 2022.

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