Moex sees record FX volumes in March

Exchange hit average daily volume of $31.8 billion last month

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The Moscow Exchange (Moex) saw average daily volumes of $31.8 billion in March – a record month in which algorithmic traders looking for arbitrage opportunities and greater order flow from brokers were the main contributors of growth.

The Russian ruble, which is one of the few currencies experiencing significant volatility as a result of political unrest in the region, has seen USD/RUB move 11.8% since the start of the year, hitting highs of 36.73 on March 17.

"Algo is an important client group

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