Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
The total trading volume on the Moscow Exchange derivatives market increased by 45% in 2025, reaching 145.2 trillion rubles (compared to 99.9 trillion rubles in 2024). The volume of open positions at the end of the year increased by 41%, reaching 2.4 trillion rubles (compared to 1.7 trillion rubles in 2024).
In 2025, futures and options transactions on the Moscow Exchange were concluded by 483,000 client accounts (22% of the 2024 total). 125,000 new unique clients began trading in 2025.
Maria Patrikeeva, Managing Director of the Moscow Exchange Derivatives Market: “In 2025, we continued to actively develop services and introduce new products, which became a significant factor in the growing popularity of the Moscow Exchange derivatives market. Trading began on 31 new instruments, including contracts on exchange-traded funds tracking country indices, futures on European natural gas, coffee, and orange juice. Bitcoin and Ethereum futures were made available to qualified investors, the range of perpetual futures was expanded to include a contract on a government bond index, and trading on contracts on Russian company shares began. A total of 89,000 clients, or almost one in five active clients, traded on these new instruments last year, with a combined trading volume exceeding 420 billion rubles.”
Extension of trading hours
Since August 2025, Moscow Exchange derivatives market participants and their clients have been able to execute derivatives trades on weekends. Since the launch of trading, 80,000 unique clients have executed weekend trades, 72% of which were individuals. Total weekend trading volume in 2025 amounted to 444 billion rubles.
Morning, evening, and weekend trading accounted for 22% of total trading volume in 2025. A large share of trading volume during additional sessions is accounted for by individuals.
Private investor activity
The total trading volume of retail investors increased by 31% in 2025, reaching 78.4 trillion rubles, or 48% of the total trading volume in the futures and options market. Commodity contracts were the most popular segment among individuals, accounting for 35% of their trading volume, followed by foreign exchange instruments at 33% and index derivatives at 32%.
The TOP-10 most popular instruments in individuals' portfolios as of the end of 2025 included quarterly silver futures (SILV), US dollar-Russian ruble (Si) and Chinese yuan-Russian ruble (CNY) currency pairs, the Henry Hub gas contract (NG), perpetual futures on the Moscow Exchange Index (IMOEXF), perpetual futures on the US dollar-Russian ruble (USDRUBF) and Chinese yuan-Russian ruble (CNYRUBF) pairs, quarterly gold futures (GOLD), as well as quarterly futures on the Moscow Exchange Index (MXI and MIX).
Record trading volumes
In 2025, commodity contracts reached a record volume of 44.4 trillion rubles (a 31% increase compared to 2024). The main factor driving this was the rapid growth in precious metals derivatives trading on the Moscow Exchange, which grew by 80% compared to 2024, reaching 25.2 trillion rubles.
• The average daily trading volume of platinum futures (PLT) amounted to 5 billion rubles (a 14-fold increase compared to 2024) and palladium (PLD) – 3.5 billion rubles (a six-fold increase compared to 2024). The historical maximums of the average daily volume were recorded in December 2025 – 17 billion and 7 billion rubles, respectively.• The average daily trading volume of silver futures (SILV) at the end of 2025 more than doubled to 17.4 billion rubles compared to 2024. The record trading volume occurred in December 2025 – 70 billion rubles.• The average daily volume of transactions with gold futures (GOLD) increased by 52% compared to the previous year and reached 66.3 billion rubles, a record of 145 billion rubles was set in October.
The number of transactions with precious metal derivatives in 2025 almost doubled (49 million transactions), and the number of individuals and legal entities involved in transactions increased by 25% (to 124 thousand) and 62% (to 1.1 thousand), respectively.
Moscow Exchange Derivatives Market Moscow Exchange is a leading derivatives trading platform in Russia and Eastern Europe, combining advanced infrastructure, reliability, and guarantees, as well as state-of-the-art futures and options trading technologies. Today, the Moscow Exchange derivatives market trades 41 stock options, 3 currency options, a gold option, an index option, and over 150 futures contracts and options on them, with underlying assets including stock indices, stocks, currency pairs, precious and industrial metals, oil, gas, and other commodities, as well as interest rates.
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.