Moscow Exchange Reports Higher Trading Volumes in October

Moscow Exchange reported that trading volumes went up in October 2014, with most of the growth being attributed to FX. The total FX volume at Moscow Exchange in the month of October totaled 21.7 trillion rubles, up 14.8 percent from September, when the volumes stood at 18.7 trillion.

The figure is equal to an average daily volume of 944.4 billion rubles ($23.1 billion), up from 850.3 billion rubles ($22.4 billion) the previous month.

In derivatives, total volumes stood at 6.3 trillion rubles, up from 3.8 trillion rubles in October 2013. Derivatives contracts totaled 142.8 million in October 2014, up from 82.4 million contracts in October 2013.

FX futures volumes rose 3.5 times in the year through October 2014 to 3.7 trillion rubles. Turnover stood at 617 billion rubles, or 13.9 million contracts, a new high since the Derivatives Market was launched. The last record was netted in September 2012.

The average daily trading volume for FX in October was RUB 272.6 billion.

Meanwhile, EXNESS also reported record trading volumes in October 2014, with total transactions of $198.7 billion. This makes it one of the few firms in the retail Forex industry that have recorded phenomenal growth.

Most of the growth in October was attributed to the increased volatility in the currency markets, as well as successful expansion into China and South East Asia.  Chinese traders contributed 48.3 percent of EXNESS total volumes of $351.1 billion in the first half of this year. South East Asian dealers outside China contributed 37.9 percent, with European traders accounting for 5.6 percent or $40.8 billion of the company’s total volumes.