Moscow Exchange (MOEX) has disclosed its financial
performance for the month of February 2024, revealing remarkable growth in
trading volumes compared to the same period last year.
According to the released data, the total trading volumes
across MOEX’s markets surged to RUB 111.4 trillion in February, marking a
substantial increase from RUB 83.6 trillion recorded in the preceding year’s February.
In the Foreign Exchange (FX) Market, which constitutes a
significant portion of MOEX’s activities, trading volume witnessed a robust
expansion. In February 2024, FX trading volume reached RUB 27.7 trillion,
displaying a notable surge from RUB 19.4 trillion recorded in the corresponding
period of the last year.
The breakdown of FX trading activities for February reveals
that spot trades accounted for RUB 10.2 trillion, while swap trades and
forwards amounted to RUB 17.5 trillion, underscoring the diversified nature of
trading instruments employed on the platform.
Analysts attribute this surge in trading volumes to several
factors, including increased investor participation, evolving market dynamics,
and geopolitical developments that have influenced currency markets and
investment strategies.
MOEX’s Net Profit Soars to RUB 60.8 Billion in 2023
Earlier, MOEX
published its 2023 financial results, boasting significant growth in
trading volumes and fee income from its FX Market, as reported by Finance Magnates. The net profit
surged to RUB 60.8 billion, marking a substantial increase from the previous
year.Total trading volumes on MOEX’s FX Market hit RUB 328
trillion in 2023, up by 22.5% from the year prior. The surge was fueled by a
31.4% rise in swap trade volumes, with spot volumes also increasing by 7.5%.
Fee and commission income from the FX Market surged 30.4% year-on-year to RUB
7.4 billion.
MOEX attributed the faster growth in fees to shifts in
trading mix and an asymmetric tariff structure implemented in August 2022
favoring liquidity providers in the spot market. The exchange expanded into
digital asset trading, hosting primary offerings and secondary market trades of
digital assets in 2023. Overall, MOEX’s positive financial performance saw a 67.5%
improvement in net profit, reaching RUB 60.8 billion, with total operating
income up by 25.3% to RUB 105 billion. Fee and commission income escalated by
39.4% to RUB 52.2 billion, constituting 50% of total operating income.
Moscow Exchange (MOEX) has disclosed its financial
performance for the month of February 2024, revealing remarkable growth in
trading volumes compared to the same period last year.
According to the released data, the total trading volumes
across MOEX’s markets surged to RUB 111.4 trillion in February, marking a
substantial increase from RUB 83.6 trillion recorded in the preceding year’s February.
In the Foreign Exchange (FX) Market, which constitutes a
significant portion of MOEX’s activities, trading volume witnessed a robust
expansion. In February 2024, FX trading volume reached RUB 27.7 trillion,
displaying a notable surge from RUB 19.4 trillion recorded in the corresponding
period of the last year.
The breakdown of FX trading activities for February reveals
that spot trades accounted for RUB 10.2 trillion, while swap trades and
forwards amounted to RUB 17.5 trillion, underscoring the diversified nature of
trading instruments employed on the platform.
Analysts attribute this surge in trading volumes to several
factors, including increased investor participation, evolving market dynamics,
and geopolitical developments that have influenced currency markets and
investment strategies.
MOEX’s Net Profit Soars to RUB 60.8 Billion in 2023
Earlier, MOEX
published its 2023 financial results, boasting significant growth in
trading volumes and fee income from its FX Market, as reported by Finance Magnates. The net profit
surged to RUB 60.8 billion, marking a substantial increase from the previous
year.Total trading volumes on MOEX’s FX Market hit RUB 328
trillion in 2023, up by 22.5% from the year prior. The surge was fueled by a
31.4% rise in swap trade volumes, with spot volumes also increasing by 7.5%.
Fee and commission income from the FX Market surged 30.4% year-on-year to RUB
7.4 billion.
MOEX attributed the faster growth in fees to shifts in
trading mix and an asymmetric tariff structure implemented in August 2022
favoring liquidity providers in the spot market. The exchange expanded into
digital asset trading, hosting primary offerings and secondary market trades of
digital assets in 2023. Overall, MOEX’s positive financial performance saw a 67.5%
improvement in net profit, reaching RUB 60.8 billion, with total operating
income up by 25.3% to RUB 105 billion. Fee and commission income escalated by
39.4% to RUB 52.2 billion, constituting 50% of total operating income.