The Moscow Stock Exchange (MOEX) has revealed its financial performance for the month of February 2024, revealing remarkable growth in trading volumes compared to the same period last year.
According to released data, the total trading volume on MOEX markets jumped to 111.4 trillion rubles in February, representing a substantial increase from 83.6 trillion rubles recorded in February of the previous year.
In the foreign exchange market, which constitutes a significant part of MOEX's business, the trading volume has seen a strong expansion. In February 2024, the volume of foreign exchange trading reached 27.7 trillion rubles, a notable increase compared to 19.4 trillion rubles recorded in the corresponding period last year.
The breakdown of foreign exchange trading activities for the month of February reveals that spot transactions accounted for 10.2 trillion rubles, while swap and forward transactions amounted to 17.5 trillion rubles, highlighting the diversified nature of trading instruments used on the platform.
Analysts attribute this increase in trading volumes to several factors, including increased investor participation, changing market dynamics, and geopolitical developments that have influenced foreign exchange markets and investment strategies.
MOEX net profit reaches 60.8 billion rubles in 2023
Earlier, MOEX released its financial results for 2023, showing significant growth in trading volumes and fee income from its foreign exchange market, as reported by Finance Magnates. Net profit jumped to 60.8 billion rubles, a substantial increase from the previous year. The total trading volume on the MOEX foreign exchange market reached 328 trillion rubles in 2023, an increase of 22.5% compared to the previous year. This rise was fueled by a 31.4% rise in swap trading volumes, with spot volumes also increasing by 7.5%. Revenue from fees and commissions from the foreign exchange market jumped 30.4% year-on-year to 7.4 billion rubles.
MOEX attributed the faster fee growth to changes in trade mix and an asymmetric pricing structure implemented in August 2022 favoring liquidity providers in the spot market. The exchange has expanded into digital asset trading, hosting primary offerings and secondary market digital asset trading in 2023. Overall, MOEX's positive financial performance saw an improvement of 67.5 % of net profit, reaching 60.8 billion rubles, with total operating profit up 25.3% to 105 billion rubles. Fee and commission income increased by 39.4% to 52.2 billion rubles, accounting for 50% of total operating profit.
The Moscow Stock Exchange (MOEX) has revealed its financial performance for the month of February 2024, revealing remarkable growth in trading volumes compared to the same period last year.
According to released data, the total trading volume on MOEX markets jumped to 111.4 trillion rubles in February, representing a substantial increase from 83.6 trillion rubles recorded in February of the previous year.
In the foreign exchange market, which constitutes a significant part of MOEX's business, the trading volume has seen a strong expansion. In February 2024, the volume of foreign exchange trading reached 27.7 trillion rubles, a notable increase compared to 19.4 trillion rubles recorded in the corresponding period last year.
The breakdown of foreign exchange trading activities for the month of February reveals that spot transactions accounted for 10.2 trillion rubles, while swap and forward transactions amounted to 17.5 trillion rubles, highlighting the diversified nature of trading instruments used on the platform.
Analysts attribute this increase in trading volumes to several factors, including increased investor participation, changing market dynamics, and geopolitical developments that have influenced foreign exchange markets and investment strategies.
MOEX net profit reaches 60.8 billion rubles in 2023
Earlier, MOEX released its financial results for 2023, showing significant growth in trading volumes and fee income from its foreign exchange market, as reported by Finance Magnates. Net profit jumped to 60.8 billion rubles, a substantial increase from the previous year. The total trading volume on the MOEX foreign exchange market reached 328 trillion rubles in 2023, an increase of 22.5% compared to the previous year. This rise was fueled by a 31.4% rise in swap trading volumes, with spot volumes also increasing by 7.5%. Revenue from fees and commissions from the foreign exchange market jumped 30.4% year-on-year to 7.4 billion rubles.
MOEX attributed the faster fee growth to changes in trade mix and an asymmetric pricing structure implemented in August 2022 favoring liquidity providers in the spot market. The exchange has expanded into digital asset trading, hosting primary offerings and secondary market digital asset trading in 2023. Overall, MOEX's positive financial performance saw an improvement of 67.5 % of net profit, reaching 60.8 billion rubles, with total operating profit up 25.3% to 105 billion rubles. Fee and commission income increased by 39.4% to 52.2 billion rubles, accounting for 50% of total operating profit.