Moscow Exchange, a prominent financial institution, recently disclosed its robust financial performance for the second quarter of 2024, showcasing impressive figures in various key areas. The Exchange reported a Fee and Commission income of RUB 15.54 billion, with Net Interest Income reaching RUB 21.23 billion. The total Operating Income stood at RUB 36.8 billion, leading to an Adjusted Net Profit of RUB 19.49 billion.

During the same quarter, Moscow Exchange witnessed significant developments in its business operations. Notably, four non-resource companies initiated trading after IPOs, collectively raising RUB 18.3 billion, while two issuers conducted SPOs worth RUB 19.7 billion. The Derivatives Market also saw expansion with the introduction of new contracts, such as cash-settled futures on various assets and deliverable futures on Russian company shares.

One of the notable launches was Datashop, a digital platform offering financial data and analytical services, including the Compliance Tool tailored for compliance teams in publicly traded firms. Additionally, the Exchange introduced new ETFs and an open-end fund, broadening its product portfolio to cater to diverse investor needs.

Post the reporting period, three more non-resource companies went public, raising RUB 21.4 billion. Moscow Exchange received top credit ratings from ACRA and Expert RA, enhancing its ability to diversify fintech products through the Finuslugi marketplace. Further, new equities were added to OTC trading, and innovative financial instruments like the MOEX IPO Index futures contract were launched.

The Exchange also introduced the IR Workshop, a program aimed at enhancing investor relations practices. By the end of July, Moscow Exchange boasted 32.8 million brokerage accounts, with over 3 million customers accessing its markets since the beginning of the year.

Financially, the Exchange demonstrated a substantial increase in Operating Income, rising by 76.1% year-on-year. The Fee and Commission income surged by 30.2%, and Net Interest and Other Finance Income saw a remarkable growth of 137.0%. Operating Expenses also increased by 111.0%, mainly driven by higher personnel and marketing costs.

The performance across key business lines reflected positive growth. The Equities Market witnessed a surge in Fee and Commission income and trading volumes. Similarly, the Bond Market, Money Market, Derivatives Market, and other segments all showed notable improvements in income and trading volumes, indicating a strong quarter for Moscow Exchange.

Overall, Moscow Exchange’s second-quarter financial results underline its resilience and strategic growth initiatives, positioning it as a leading player in the financial market landscape.