OREANDA-NEWS. Turnover across all Moscow Exchange markets increased 33% YoY in September to RUB 40,941 bln.

Equities and bonds

Turnover in stocks, RDRs, and investment fund units totalled RUB 844 bln (September 2012: RUB 947 bln). The average daily turnover was RUB 40 bln, higher than 8M13's average daily turnover of RUB 32 bln. 19 September saw 9M13's record daily trading volume, of RUB 64 bln. The increased trading activity was due partly to the switch to T+2 settlement on 2 September.

Total turnover in corporate bonds and OFZs came to RUB 917 bln (September 2012: RUB 857 bln). The bonds market's average daily turnover was RUB 44 bln.

A total of 28 new bond issues (including OFZs) with a combined value of RUB 178 bln were placed during the month.

Derivatives

Derivatives market turnover was RUB 3,963 bln (September 2012: RUB 4,643 bln) or 92 mln contracts (September 2012: 101.5 mln contracts). The derivatives market's average daily turnover was RUB 189 bln. Open interest increased 3% YoY to RUB 447 bln at the end of September.

Futures turnover was RUB 3,576 bln (September 2012: RUB 4,301 bln), while options turnover was RUB 387 bln (September 2012: RUB 342 bln).

Turnover in calendar spreads up to the contracts' expiration in September totalled USD 5.9 bln, four times more than during the previous expiration in June.

30 September saw the record open interest on RTS Index options, of more than RUB 186 bln. This was due to increased interest in the market from domestic and international institutional investors. Common strategies included hedging equity exposure with RTS Index options and hedging RTS Index futures positions with options.

FX

FX market turnover in September was RUB 14,603 bln (September 2012: RUB 10,556 bln), including spot trades of RUB 5,273 bln (36% of the total) and swap trades of RUB 9,330 bln (64%).

The FX market's average daily turnover was RUB 695 bln.

September was a record month, with client operations totalling RUB 3,573 bln. The addition of FX trading to leading retail brokers' product lines increased the client base significantly, from 6,800 in early August to approximately 42,000 clients by the end of September. The share of clients in spot market turnover reached around 28%, the highest ever.

More than 50 market participants - namely commercial banks and brokers - offered access to on exchange FX trading to their domestic and international clients as of 1 October. While nonresidents remain the main players, there is increased activity from domestic corporates and private investors.

Money market

The volume of repo transactions with the Central Counterparty (CCP) reached a record RUB 527 bln. 5 September was the record day ever for repo transactions with the Central Counterparty (CCP), with a daily turnover of RUB 32.6 bln. The average daily repo transactions volume was RUB 25 bln. This service, which allows participants to trade without bilateral limits, was introduced on 5 February 2013, and now has more than 150 active participants.

The volume of trades on the money market was RUB 20,426 bln (September 2012: RUB 13,644 bln). The average daily turnover was RUB 973 bln.