Moscow Exchange Trading Volumes up 39% YoY in January

Turnover on Moscow Exchange increased 39% YoY in January to RUB 35 bln.

Equities & Bonds
Turnover in stocks, RDRs, and investment fund units totaled RUB 699 bln (January 2013: RUB 647 bln). The average daily turnover rose 6% YoY to RUB 36.8 bln.

Share of non-residents in trading volumes reached a record 47% (against an average of 40% for 2013 and 37% for 2012).

Secondary market turnover in corporate bonds and OFZs came to RUB 686 bln (January 2013: 1,027 bln). The average daily turnover was RUB 36.1 billion.

A total of 10 new bond issues (including OFZs) with a combined value of RUB 68 bln were placed during the month.

Derivatives
Derivatives market turnover was RUB 4,027 bln (January 2013: RUB 2,828 bln) or 92.3 mln contracts (January 2013: 66.5 mln contracts), of which RUB 3,639 bln were futures and
RUB 388 bln were options. Open interest reached a record high RUB 585 bln at the end of the month.

Increased volatility on the FX markets in January resulted in a higher trading activity in FX derivatives. FX derivatives turnover amounted to RUB 1,755 bln (or 48.83 mln contracts). Open interest reached a record RUB 178 bln on 30 January (up 7.5% compared with the previous month"s pre-expiration values). Turnover in USD/RUB FX futures was RUB 1,486 bln (or 42.86 mln contracts).

Members showed increased interest in hedging instruments following a sharp fall of the ruble against the currency basket. They traded a total of RUB 206.72 bln during just one trading session on 29 January, accounting for nearly 14% of monthly turnover in USD/RUB FX futures and the highest daily turnover since 1 June 2012. Same day open interest in the contact beat a record since 5 September 2012, reaching RUB 119 bln.

Turnover in EUR/RUB FX futures was RUB 81.5 bln (or 1.72 mln contracts), up 70.5% compared to December 2013.

Turnover in EUR/RUB FX options was RUB 1.85 bln, exceeding the total turnover in the contract since its launch by 43%.

Open interest in the EUR/RUB FX futures and EUR/RUB FX options increased to RUB 13.89 bln and
RUB 2.69 bln respectively as of the end of January.

Open interest in the USD/UAH FX futures increased to RUB 39.8 mln, a twofold growth compared to December 2013.

FX Market
FX market turnover in January reached RUB 13,192 billion (January 2013: RUB 8,408 bln), of which spot trades accounted for RUB 5,583 bln (42% of the total) and swap trades RUB 7,609 bln (58%).

The FX market"s average daily turnover was RUB 694 bln.

Money Market
The volume of repo transactions with the Central Counterparty (CCP) reached a record RUB 997 bln. Average daily turnover reached a record high of RUB 52.5 bln (up 29% compared to December 2013).

A record volume in repo with the CCP of RUB 66 bln was registered on 31 January.

Money market turnover totaled RUB 16,446 bln (January 2013: RUB 12,154 bln). Average daily turnover was RUB was 866 bln.

NOTES TO EDITORS

About Moscow Exchange

OJSC Moscow Exchange MICEX-RTS ("MOEX") operates Russia"s largest public trading markets for equity, bond, derivative, foreign exchange and money market products, as well as Russia"s Central Securities Depository (CSD) and the country"s largest clearing service provider, National Clearing Centre. At the end of 2012, it ranked among the world"s top-20 exchanges for equity trading by market capitalization and among the top-10 for bond trading by trading volume and for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 716 issuers listed on its securities exchange, including many of Russia"s largest companies.

Moscow Exchange was formed in December 2011 as a result of a merger between Russia"s two main exchange groups. The merger brought together MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia, and the RTS Group, at the time the operator of Russia"s leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Following the merger the company became an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange completed an initial public offering of its shares on 15 February 2013.

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