Stocks and derivatives exchange – Moscow Exchange (Moskovskaya Birzha OAO) reported its operating metrics for the month of June 2015.
Despite the period of lower volumes, as reported by operating metrics of respective brokers, Moscow exchange showed interesting results with forex market being one of the best performes, mostly related to volatility on russian ruble.
Forex turnover over the month of June hike 32% M/M and reached RUB 27.9 trillion, comprising of spot trades in value of RUB 7.9 trillion and swaps of RUB 20 trillion. This is a jumpe of 59.5% in comparison with June 2014, reporting only RUB 17.5 trillion. An average daily turnover of the forex market reached RUB 1.33 trillion, climbing 14% from the previous month, while on an annual basis the increase has been significant, over 50% from RUB 873.4 billion, hit in June 2014.
Equities saw worse performance at Moscow Exchange, easing From June 2014 with RUB 762.2 billion to actual RUB 704.8 billion. The average daily turnover hit RUB 33.6 billion in June 2015 compared to previous year’s RUB 38.1 bln.
Secondary corporate, regional and sovereign bond turnover of Moscow Exchange saw RUB 665.8 billion, an increase from the same month in preceding year’s RUB 614.8 billion. The average daily turnover touched RUB 31.7 billion versus RUB 30.7 billion in June 2014. The largest Russian exchange saw 39 new bond issues during the reported month in the value of RUB 212.3 billion.
As for the Moscow Exchange derivatives market, we could see volume jumping 87.3% over the year to the actual value of RUB 6.6 trillion, while June 2014 reported only RUB 3.5 trillion (or 125.9 million contracts vs previous 85.4 million contracts – comprising of 121.5 million futures contracts and 4.4 million options contract). Open interest at the end of the month reached RUB 440.1 billion vs RUB 406.6 billion in June 2014.
Money market on moscow Exchange experienced an increase in turnover as well, showing RUB 17.5 trillion in comparison with RUB 14.6 trillion in June 2014. The average daily turnover was RUB 834.8 billion vs RUB 731.7 billion Y/Y. The volume of repo transactions with the CCP amounted to RUB 4.6 trillion compared to previous year’s June of RUB 1.9 trillion with an average daily turnover jumping by 130% to RUB 221.0 billion.
Precious metals followed the increasing trend as well, climbing 21.6 times to RUB 8.1 billion, where the turnover reached RUB 8.1 trillion or 3.9 tonnes for gold and RUB 4.1 million or 143.7 kg for silver. Moscow exchange reported 57 companies active in trading with precious metals during the June 2015.
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