OREANDA-NEWS. In June 2013 the average daily value traded on the FX market of the Moscow Exchange reached USD22.629 billion, the record high value since the launch of trading on the market. The previous record was fixed in January 2009 (USD22.064 billion).

In June 2013 the average daily volume of spot and swap trades was USD9.2 billion (40.5% of the overall trading volume of the FX market) and USD13.5 billion respectively (59.5%).

The volume growth was driven both by rising volatility and Exchange's innovations.

From April 15, 2013 trading hours for USDRUB_TOD instrument and swap trades USD_TODTOM have been extended for more than 2 hours thereby allowing the members to use more extensively FX swaps to manage liquidity.

Furthermore, in April new instruments were launched and the yuan trading was facilitated. Due to innovations, the average daily value traded in the yuan grew nearly fourfold to reach CNY34.3 million a day in June. On July 3, 2013 the yuan trading volume hit the all-time record high of CNY55.2 million.

In addition, from the beginning of this year non-resident banks from member states of Eurasian Economic Community have been admitted to the market within the framework of the project for establishing the Integrated Currency Market of the EEC. The admission fostered trading both in key currency pairs, USD/RUB and EUR/RUB, and national currencies when trades in Belarusian ruble and Kazakhstan tenge were made on the Exchange's FX market in June.

The launch of new instruments and swaps, trading hours extension and broadening client base contribute to dynamic development of the Exchange's FX market.