’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October

[forex4you]

's MOEX's FX Market Slides 24% to RUB 14.9 Trillion in October

<p class="MsoNormal text-align-justify">The
total volume of forex traded on the Moscow Exchange, 's largest exchange
group, declined by -24% to RUB 14.9 trillion in October 2022.  In
September, the turnover of the market came in at RUB 19.5 trillion.</p><p class="MsoNormal">Additionally, the
average daily volume (ADV) of the forex market dropped -19% to RUB 710.3
billion, MOEX disclosed on Wednesday in its trading volume statistics <a href="https://www.moex.com/n52847">for October 2022</a> published on Wednesday. </p><p class="MsoNormal">Giving
a further breakdown of the forex market, MOEX noted that while spot trading
volumes came in at RUB 7.6 trillion, swap trades and forwards touched down at
RUB 11.5 trillion. Compared
to September's figures, these volumes dropped -5% to RUB 8.0 trillion and -37% to
RUB 7.3 trillion in October 2022, respectively. </p><p class="MsoNormal">Meanwhile,
Finance Magnates reports that spot forex ADVs from major trading venues <a href="https://www.financemagnates.com/institutional-forex/institutional-spot-fx-volumes-declined-mom-in-september/">dropped across the board</a> in October 2022. In addition, the
volumes slumped on <a href="https://www.financemagnates.com/institutional-forex/cme-groups-ebs-spot-fx-follows-trend-adnv-slumps-12-in-october/">CME Group's EBS spot forex venue</a> and on <a href="https://www.financemagnates.com/institutional-forex/fxspotstream-posts-58-monthly-adv-decline-in-october/">FXSpotStream</a>,  a provider of multibank FX
aggregation services for spot FX trading.</p><p class="MsoNormal text-align-justify">Other
MOEX Markets </p><p class="MsoNormal">Apart
from the forex market, trading turnover on the equity and bond, derivatives
and precious metals markets of MOEX declined in October. Only the money
market posted growth in the past month. Also, the total
trading volume in the equity and bond market declined -22% to RUB 1.95 trillion
from RUB 2.51 trillion in September. Furthermore,
trading in shares, depository receipts, and investment fund units slumped -31%
to  RUB 1.01 trillion from RUB 1.45 trillion in September. </p><p class="MsoNormal">In
the derivatives market, while the total trading turnover dropped -23% to RUB
3.6 trillion, the ADV slumped -21% to RUB 169.1 billion. Although, in
September, the volumes reached RUB 4.7 trillion and RUB 214.6 billion,
respectively. </p><p class="MsoNormal">Contrary
to the other markets, MOEX's money market turnover improved by 6.8% from RUB
46.9 trillion in September to RUB 50.1 trillion last month. On top of that, the
ADV of the market increased by 12% to RUB 2.4 trillion, up from September's
RUB 2.1 trillion. </p><p class="MsoNormal">In
the precious metals market, trading turnover, spot and swaps trades
included, declined -18% to RUB 10.7 billion, which is down from RUB 13.1 billion in
September. Of
these figures, RUB 10.5 billion was gold, and RUB 0.2 billion was silver, MOEX
said. </p><p class="MsoNormal">Meanwhile, across all markets, MOEX's total trading volume went down by -3.5% to RUB 71.7 trillion, falling from RUB 74.3 trillion recorded in September 2022.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.

Source: 's MOEX's FX Market Slides 24% to RUB 14.9 Trillion in October