Moscow Exchange Financial Growth Presentation
Blue Chips bid-ask spread dynamics for 50k EUR deal (1)
Analysis provided by
Liquid Metrix
Market share¹
2019
11M2020
Average Bid-ask spread 50k EUR deal (b.p.2)
2019
11M2020
14.2
29%
24%
9.6
7.3
Gazprom
6.5
71%
76%
13.9
22%
20%
9.1
9.4
Sberbank
4.9
78%
80%
7.5
9.7
31%
42%
6.0
6.5
Lukoil
58%
69%
13.6
28%
11.2
38%
8.9
8.4
Norilsk Nickel
62%
72%
15%
52.9
25%
73.1
Magnit
75%
19.4
85%
21.3
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
1
EXCHANGE
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 Lukoil, Norilsk Nickel as of 3M2020
44
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