Moscow Exchange Financial Growth Presentation
Blue Chips bid-ask spread dynamics for 50k EUR deal (2)
Analysis provided by
Liquid Metrix
Market share¹
2019
11M2020
Average Bid-ask spread 50k EUR deal (b.p.2)
2019
120.2
11M2020
176.5
10%
5%
VTB
25.8
90%
95%
29.6
38%
25%
17.9
14.2
Tatneft
62%
75%
14.8
18.8
16.1
30.2
21%
35%
10.6
Rosneft
15.8
65%
79%
17.9
27.0
26.1
14.6
Novatek
44%
40%
56%
60%
16%
11%
33.4
51.1
Surgutneftegas
17.7
20.0
84%
89%
MOEX
LSE
MOEX
LSE
Bid-ask spreads for majority of the Russian "Blue Chips" are substantially lower on
Moscow Exchange than on other trading venues
☑
MOSCOW
Data as of 08 December 2020
EXCHANGE
1
2
Data since December 2015 include trading auctions on MOEX
The value of the spread is quoted in basis points (0.01%)
Source: Liquid Metrix, Bloomberg, Moscow Exchange
Spreads of Tatneft as of 3M2020
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