Moscow Exchange : Derivatives trade doubles in volume year-on-year

By Andrei Skvarsky.

Trade in securities, money and precious metals on Moscow Exchange has grown significantly year-on-year with sales of derivatives more than doubling and those of precious metals nearly trebling, the bourse said.

The secondary market for stocks, Russian depositary receipts (RDRs) and investment fund units was the exchange’s only segment to have posted a year-on-year decrease in sales, the exchange said in a report on trading volumes for February.

Derivatives trade swelled by 103.1%, with securities worth a total of 13.4 trillion roubles ($176.25bn at last month’s average exchange rate) changing hands last month.

Sales of foreign exchange increased 55.6%. The February 2016 turnover stood at 30.5 trillion roubles ($401.16bn), the report said.

The bourse’s money market recorded an increase of 32.5%, with a turnover of 23.4 trillion roubles ($307.77bn) last month. Repo transactions with the central counterparty rocketed by a factor of 3.4 between February 2015 and last month.

Precious metals trade went up by a factor of 2.8 with 3.8 tonnes of gold being sold for 11.3bn roubles ($148.62m) and 328.5 kilograms of silver going for 12.6m roubles ($165,700) in February 2016.

The secondary market turnover in stocks, RDRs and investment fund units dropped by about 17.5% year-on-year.

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