Moscow Exchange Trading Volumes in March 2023

In March 2023, total trading volume across Moscow Exchange’s markets made up 26.3% to reach RUB 105.6 trln (RUB 83.6 trln in February 2023). Unless stated otherwise, all figures below refer to performance for March 2023 and all comparisons are with February 2023.

All MOEX markets reported rising trading volumes: Equity Market (up 37.7%), Derivatives Market (up 36.5%), FX Market (up 27.5%), Money Market (up 24.6%), Bond Market (up 20.9%) and Precious Metals Market (up 64.5%).

Equity & Bond Market

Total trading volume on the Equity & Bond Market in March was RUB 3,186.0 bln (February 2023: RUB 2,487.9 bln) hereinafter excluding overnight bonds.

Trading volume in shares, DRs and investment fund units rose by 37.7% to reach RUB 1,457.7 bln (February 2023: RUB 1,058.6 bln). ADTV was RUB 66.3 bln (February 2023: RUB 55.7 bln).

Turnover in corporate, regional and sovereign bonds grew by 20.9% to RUB 1,728.3 bln (February 2023: RUB 1,429.3 bln). ADTV was RUB 78.6 bln (February 2023: RUB 75.2 bln).

71 new bond issues with a combined value of RUB 1,666.7 bln (of which overnight bonds accounted for RUB 957.6 bln) were placed in March 2023.

Derivatives Market

Turnover in Derivatives Market grew by 36.5% to RUB 5.9 trln (February 2023: RUB 4.3 trln). ADTV was RUB 269.5 bln (February 2023: RUB 228.7 bln).

FX Market

FX Market turnover increased by 27.5% to RUB 24.7 trln (February 2023: RUB 19.4 trln). Spot trading volumes grew by 21.9% and reached RUB 8.4 trln, and swap trades and forwards volumes were RUB 16.3 trln.

ADTV on the FX Market was RUB 1,121.7 bln (February 2023: RUB 1,019.0 bln).

Money Market

Money Market turnover rose by 24.6% up to 70.8 trln (February 2023: RUB 56.8 trln). ADTV was RUB 3,217.2 bln (February 2023: RUB 2,990.7 bln).

The CCP-cleared repo segment reached RUB 27.4 trln (up 43.8%), with the GCC repo segment volume of RUB 15.4. trln (up 41.8%).

Precious Metals Market

Turnover in precious metals (spot and swaps) made up 64.5% to RUB 21.2 bln (February 2023: RUB 12.9 bln), of which RUB 20.1 bln (4.2 t) was gold and RUB 1.2 bln (15.7 t) was silver.