Moscow Exchange Financial Growth Presentation
Retail clients: a growing segment of the Russian financial market
Number of active retail client accounts
Equities Market
+29%
2013-Nov2020:
x23.1 times
+106%
+74%
+46%
+242%
1,341,415
Derivatives Market
2013-Nov2020:
x3.2 times
+40%
+15%
+20%
+3%
+60%
89,554
63,931
55,476
392,163
28,068
44,860 46,285
FX Market¹
2013-Nov2020:
x729 times
+344%
652,302
+142%
+138%
+68%
~17 times
109,538 190,235
57,946 74,911
чн нн
Dec Dec Dec Dec Dec Nov
2013 2015 2017 2018 2019 2020
нн
Dec Dec Dec Dec Dec Nov
2013 2015 2017 2018 2019 2020
Regulatory changes stimulating retail participation in financial market:
■ Introduction of individual investment accounts for private investors since 2015
146,789
60,651
895 15,159 25,461
15,159
Dec Dec Dec Dec Dec Nov
2013 2015 2017 2018 2019 2020
■ Tax exemption on capital gains on securities held for 3+ years (up to RUB 9 mln for securities purchased after 1 Jan 2014)
■ Tax breaks on coupon payment on corporate bonds (for bonds issued after 2017)
■ Retail investors are allowed to remotely open a brokerage account. This simplifies the process for retail investors in Russia's
far-flung regions
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MOSCOW
EXCHANGE
1 DMA clients
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