Moscow Exchange Financial Growth Presentation
FX Market
3Q
2020
13%
Trading volumes
Spot trading volumes
→ Volatility USD/RUB,%¹
Spot
Swap
RUB trn
RUB trn
9.0
+22.0%
2.0
1.3
3.5
2.9
Swap trading volumes
RUB trn
-3.3%
63.8
61.7
22.7
+2.4%
18.6
82.4
80.9
84.4
70.0
75.2
23%
22%
30%
27%
28%
77%
78%
70%
72%
73%
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020
3Q 2019
3Q 2020
3Q 2019
3Q 2020
Fee & commission income
RUB mln
+12.6%
1,070
1,013
1,050
933
858
Comments
Fee income increased by 12.6% YoY while volumes stood virtually
flat, adding just 2.4% YoY.
Spot volumes were up 22.0% YoY due to still elevated volatility
and, consequently, continuous demand for CCP services in such
conditions. Swap and forward volumes declined by 3.3% YoY.
Retail clients' share of trading on the spot market reached 13% as
opposed to 7% in 3Q'19. Total trading volumes of corporates
increased 17% YoY to reach RUB 386 bln in 3Q'20.
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020
USD/RUB spot trading volumes grew 31.6% YoY, being the largest
contributor to the growth on the spot market among FX pairs.
MOEX's 3Q'20 market share vs onshore OTC reached 47%.
The number of active clients exceeded 462,000² - up 5x YoY
with retail accounting for more than 99%.
-
SDBP (speed bump) trading mode volumes exceeded USD 2.7 bln.
☑
MOSCOW
EXCHANGE
Source: Moscow Exchange, CBR
1
2
Calculated as daily standard deviation for the period divided by the average value for the period
As of 30.09.2020
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