Russia’s largest exchange Moscow Exchange (MOEX) has reported its trading volumes for July. The exchange reported that its total trading volumes across all markets grew by 10.4% to RUB87.3 trillion compared to the same period last year.
According to the exchange, it saw an increased performance in the spot market, Derivatives market, as well as equity market.
The growth is a reflection of the activities of the exchange for the past few months, as it intends to entice more investors to the platform. MOEX is also planning to extend trading hours for bonds, which is also part of its move to attract more investors.
The exchange wants to attack more liquidity
The exchange is focused on attracting more liquidity and market participants, especially from Asia. MOEX said it will continue trading Eurobonds and OFZ treasury bonds after 1600 GMT.
Traders and investors in the retail market have invested about $20.58 billion in bonds traded on the Russian exchange platform.
MOEX also announced that from November, it will be opening the stock market three hours earlier. The exchange recently started offering derivatives, gold, and foreign currency three hours earlier.
The exchange also announced the acquisition of INGURU to further enhance its operations and expand products for the market.
A surge in trading volume
The exchange has also recorded a surge in volume, especially in the derivatives market, which recorded a 40% increase. The Spot market rose by 9.6% while the Equity market increase by around 30%.
Trading activities fell slightly
In the report, MOEX mentioned that the Open interest at the end of the month stood at RUB 570.5 billion while the ADTV was RUB 157.7 billion.
Since the beginning of the year, the exchange has been doing well in its Fee and Commission Income (F&C).
But while the FX Spot market volume increased by a good margin, the overall FX trading activity fell slightly in July. The FX market ADTV was $17.5 billion in July 2021, but it fell to $15.8 billion in July 2021.