Moscow Exchange Financial Growth Presentation
3Q
2020
11%
Equities Market
Trading volumes¹
Increasing popularity of Individual Investment Accounts
Individual Investment Accounts, thousands, end-of-period
RUB trn
Equities
XX% Velocity²
MOEX Index (average for the period)
32%) 56%)
47%
29%)
51%)
+148.8%
2,896 2,877
2,917
2,740
2,677
2,939
+63.0%
2,414
6.3
2,060
5.5
5.4
1,650
3.9
3.3
1,181
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020
Fee & commission income
RUB mln
704
605
+58.0%
1,117
976
956
"
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020
Comments
Equity trading volumes and F&C income grew 63.0% YoY and
58.0% YoY, respectively.
Insignificant discrepancy between F&C income and trading
volume dynamics was due to the tariff structure that provides
fee incentives for higher volume traded.
Despite the QoQ decrease by 4 pp, velocity of trading volumes
remained elevated compared to 3Q'19.
All IMOEX constituents as well as foreign stocks are now
admitted to the evening trading session, bringing the number of
available instruments to 62 vs 25 at launch.
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020
Evening trading now amounts to 6-7% of daily volumes.
☑
MOSCOW
EXCHANGE
Source: Moscow Exchange, WFE
MOEX's market share vs LSE in trading of dual-listed stocks was
at a record high of 78% in 9M'20 (up from 68% in 9M'19).
49
1
Volumes of both primary and secondary markets
2
Velocity is calculated as annualized trading volumes for the period divided by the average market capitalizationView entire presentation