Moscow Exchange (MOEX) has released its trading volume report for international stocks. The largest crypto exchange in Russia reported a record trading volume of RUB 7.6 billion in international stocks.
This makes up over 9% of the total Equity Market trading volume. The exchange stated that it now has 441 international stocks on its platform, providing more options to traders and investors.
MOEX also noted that Modema, Qualcomm, Pfizer, Tesla, and Nvidia recorded the largest trading volume among all the stocks on its platform.
MOEX Plans To Add More Stocks To The Platform
Head of the MOEX Equity Market, Boris Blokhin, had something to say about the record trading volume and expanding stocks.
“We are continually expanding the instrument offering and have enabled investors to trade in the currency of their choice,” he noted.
Blokhin also stated that the exchange hopes to cross the 500 mark this year when it comes to the number of stocks available to traders.
He added that the exchange is expecting faster growth levels next year as it expects to add new jurisdictions as well.
According to Blokhin, investors are increasingly taking advantage of the exchange’s robust infrastructure to diversify their investments.
A Decline In Total Trading Volume
Despite the record level of international stocks, the exchange’s total trading volume for October fell from RUB 89.7 trillion to RUB 84.9 trillion on a year-over-year (YoY) basis. The exchange also revealed that the trading volume for the forex market declined from RUB 29.9 to RUB 24.9 trillion YoY.
Top performers for the period include equity, precious metals, derivatives, and standardized OTC derivatives.
When it comes to trading volume, the equity market topped the chart with 75.6% of the market share. Next in line is the derivatives market with 4.5% of the market share.
Moscow exchange rolled out its international equities trading in RUB on August 24, 2021. It started offering international stocks trading a month later via the MOEX’s robust infrastructure.
Dividends are usually set in the currency of the issuer, which means traders will be paid in USD for American securities. MOEx wants to make the premarket session available next month.