New records of the Moscow Exchange's FX market

On April 17, 2013 the Moscow Exchange's FX market saw a record high in number of trades and trading volume.

During that day 38,677 FX trades were executed, an absolute maximum value since the launch of the market in 1992.

By the end of the day, the total trading volume on the market hit a four-year high by reaching the mark of USD24.2 billion (RUB759.88 billion) in total with spot trades and swap trades amounting to RUB389.84 billion and RUB370.04 billion respectively.

In April the five thousandth client was registered on the Exchange's FX market. Over 50 banks and brokerages provide the access to the FX trading to their clients, Russian and foreign legal entities and individuals.

Igor Marich, Managing Director of the FX market at the Moscow Exchange, said: "The growth in FX market trading volume was driven by both rising volatility and innovations introduced to the market. Over 2012 we were paving the way for an improved liquidity and enhanced appeal of the on-exchange FX market by launching the client access and long-tenor swaps. From the beginning of this year non-credit organizations and non-resident banks from member states of Eurasian Economic Community are allowed to trade on the market. In April we launched new instruments as well as facilitated trading in the currency pair CNY/RUB and the FX swaps. Expansion of the client base and product line of the market ensures that the market is developed constantly in different economic conditions".

For further information, please contact the Public Relations Department at (495) 363-3232.