OREANDA-NEWS. Turnover on Moscow Exchange totalled RUB 40,472 bln.

Equities and bonds

Turnover in stocks, RDRs, and investment fund units totalled RUB 874 bln (October 2012: RUB 765 bln). The average daily turnover was RUB 38 bln.

Total turnover in corporate bonds and OFZs came to RUB 1,064 bln (October 2012: RUB 1,300 bln). The bonds market”s average daily turnover was RUB 46 bln.

A total of 59 new bond issues (including OFZs) with a combined value of RUB 409 bln were placed during the month.

Derivatives

Derivatives market turnover was RUB 3,754 bln (October 2012: RUB 4,774 bln) or 82.4 mln contracts (October 2012: 100.2 mln contracts), of which RUB 3,389 bln were futures and RUB 365 bln were options. Open interest increased 6.5% YoY to RUB 476 bln at the end of October.

October saw increased activity in options on RTS Index, Brent, and EUR/RUB futures. Open interest in RTS options was RUB215.4 bln on 9 October, a record since December 2007. Open interest on Brent options was RUB 374 bln on 26 October, a 50% (RUB 249.5 bln) increase over the previous record set in May 2011.

FX

FX market turnover in October was RUB 13,818 bln (October 2012: RUB 10,951 bln), including spot trades of RUB 4,584 bln (33% of the total) and swap trades of RUB 9,235 bln (67%).

The FX market”s average daily turnover was RUB 601 bln.

28 October saw a record volume of CNY trades, which totalled CNY 69.7 mln (RUB 364.5 mln).

Money market

The volume of repo transactions with the Central Counterparty (CCP) was RUB 734 bln. Average daily turnover was a record RUB 32 bln in October.

4 October saw a record repo volume with the CCP of RUB 37 bln. Repo activity with the CCP is increasing steadily. There are around 160 participants.

Money market turnover in October totalled RUB 20,529 bln (versus RUB 17,817 bln in October 2012). The average daily turnover was RUB 893 bln.

Moscow Exchange launched centralised clearing of OTC derivatives. This new service allows banks and licensed dealer companies to clear OTC derivatives (interest rate, FX, and cross-currency swaps) via the National Clearing Center, which is a qualified central counterparty. This reduces bank”s reserve requirements for operations and increases profitability due to more efficient liquidity management. Participants had made six deals totaling RUB1.4 bln as of 31 October.