The Moscow Stock Exchange (MOEX) generated 1.47 billion rubles in fee and commission income from its foreign exchange business in the first quarter of 2023, according to financial results released on Monday. Foreign exchange market figures are 2.2% lower than the previous quarter and 0.6% higher than the first quarter of 2022.
Although FX market revenue remained nearly flat, trading volume fell significantly year on year. Trading volume with FX fell 41.1% to 60.9 trillion rubles year-on-year, while it jumped 20.2% from the previous quarter. Spot FX volumes were down 32.3%, while swap volume was down 44.9% from the first quarter of the prior year.
“The effective fee dynamics are explained by the new fee structure implemented on August 22,” the MOEX said. “Furthermore, the trading volume mix has improved slightly towards a more profitable spot segment.”
A profitable quarter
In addition, the overall fee and commission income of the exchange
Exchange
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
fell 6.5% in the three months from January to March to 9.96 billion rubles. Its net interest income (NII) increased by 21%, while the base NII is 20.4%. Operating profit also jumped 6.9%.
The Russian stock exchange operator’s adjusted net profit also reached 14.3 billion rubles, up 17.4% year-on-year. Its pre-tax profits jumped 78.1% to 17.8 billion rubles, taking net profit to 14.3 billion rubles, up 77% year-on-year and 28.1% lower. more from quarter to quarter.
The company ended the quarter with basic earnings per share of 76.9% at 6.35 rubles.
In addition, the MOEX pointed out that its operating expenses for the quarter decreased by 17.9%, mainly due to the reduction in advertising and marketing
Marketing
Marketing is defined as the business process of identifying, anticipating and satisfying the needs and wants of customers. This is a crucial part of any financial services transaction or brokerage. Well-funded marketing campaigns are critical to the survival and longevity of these businesses in an increasingly competitive industry. do not have
Marketing is defined as the business process of identifying, anticipating and satisfying the needs and wants of customers. This is a crucial part of any financial services transaction or brokerage. Well-funded marketing campaigns are critical to the survival and longevity of these businesses in an increasingly competitive industry. do not have
costs. With the conclusion of the Finuslugi promotional campaign, its advertising and marketing costs decreased by 84.5%. However, it now expects 10-14% growth in operating expenses in fiscal 2023.
The Moscow Stock Exchange (MOEX) generated 1.47 billion rubles in fee and commission income from its foreign exchange business in the first quarter of 2023, according to financial results released on Monday. Foreign exchange market figures are 2.2% lower than the previous quarter and 0.6% higher than the first quarter of 2022.
Although FX market revenue remained nearly flat, trading volume fell significantly year on year. Trading volume with FX fell 41.1% to 60.9 trillion rubles year-on-year, while it jumped 20.2% from the previous quarter. Spot FX volumes were down 32.3%, while swap volume was down 44.9% from the first quarter of the prior year.
“The effective fee dynamics are explained by the new fee structure implemented on August 22,” the MOEX said. “Furthermore, the trading volume mix has improved slightly towards a more profitable spot segment.”
A profitable quarter
In addition, the overall fee and commission income of the exchange
Exchange
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange can be accessed through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange can be accessed through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
fell 6.5% in the three months from January to March to 9.96 billion rubles. Its net interest income (NII) increased by 21%, while the base NII is 20.4%. Operating profit also jumped 6.9%.
The Russian stock exchange operator’s adjusted net profit also reached 14.3 billion rubles, up 17.4% year-on-year. Its pre-tax profits jumped 78.1% to 17.8 billion rubles, taking net profit to 14.3 billion rubles, up 77% year-on-year and 28.1% lower. more from quarter to quarter.
The company ended the quarter with basic earnings per share of 76.9% at 6.35 rubles.
In addition, the MOEX pointed out that its operating expenses for the quarter decreased by 17.9%, mainly due to the reduction in advertising and marketing
Marketing
Marketing is defined as the business process of identifying, anticipating and satisfying the needs and wants of customers. This is a crucial part of any financial services transaction or brokerage. Well-funded marketing campaigns are critical to the survival and longevity of these businesses in an increasingly competitive industry. do not have
Marketing is defined as the business process of identifying, anticipating and satisfying the needs and wants of customers. This is a crucial part of any financial services transaction or brokerage. Well-funded marketing campaigns are critical to the survival and longevity of these businesses in an increasingly competitive industry. do not have
costs. With the conclusion of the Finuslugi promotional campaign, its advertising and marketing costs decreased by 84.5%. However, it now expects 10-14% growth in operating expenses in fiscal 2023.