Following an optimistic June in FX trading volumes, mostly related to the Brexit volatility, Moscow Exchange has informed that forex turnover jumped 16% month-on-month in June.
Overall volumes reached even an increase of 21% at Moscow Exchange in June of RUB 70.2 trillion, from RUB 58.1 trillion in the previous month. Nevertheless, the Money Market and Derivatives Market were able to show the top growth of the month, soaring even 48.7% and 42.6% on a yearly basis in June, respectively. In addition, bond market trading volumes rose hiked 35.1% on yearly basis, while equity market saw an increase of 9.1% on the same basis.
Turnover in equity markets (shares, RDRs and investment fund units) reached an increase to total RUB 783.1 bln (vs RUB 718.0 bln reached in June of the previous year). The average daily turnover touched RUB 37.3 bln in June 2016 vs June 2015 of RUB 34.2 bln. Secondary corporate, regional and sovereign bond turnover climbed 35.1% to RUB 1,186.1 bln vs RUB 878.1 bln in June of the previous year. The average daily turnover hiked to RUB 56.5 bln from RUB 41.8 bln in June 2015. Moreover, traders could see a total o 32 new bond issues with a combined value of RUB 262.2 bln placed in June.
As for the derivatives market, its volumes rose 42.6% and reached an amount of RUB 9.3 trln vs RUB 6.6 trln in June 2015. It was 159.9 mln contracts vs 125.9 mln contracts in June 2015, of which 154.0 mln contracts were futures and 5.9 mln contracts were options. Open interest at the end of the month hiked to RUB 485.3 bln vs RUB 440.1 bln in June of the previous year.
FX Market turnover increased to RUB 27.93 trln vs RUB 27.86 trln in June 2015, including spot trades of RUB 8.3 trln and swap trades of RUB 19.6 trln. The FX Market’s average daily turnover reached RUB 1,330.1 bln compared to RUB 1,326.9 bln in June 2015.
Money Market turnover hiked 48.7% over the year and totalled RUB 26.1 trln vs RUB 17.5 trln reached in the previous month. The average daily turnover was RUB 1,240.9 bln vs RUB 834.8 bln in June 2015.
Trading volumes on the Precious Metals Market increased 1.3 times to RUB 10.3 bln. Turnover reached RUB 10.3 bln (3.7 t) for gold and RUB 2.0 mln (56.6 kg) for silver.
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